Quobly, previously Siquance, has raised €19m in a seed funding round to develop quantum processors based on silicon spin qubits. The round was led by Quantonation and Bpifrance, with contributions from Supernova Invest, Innovacom, Crédit Agricole Alpes Development, CEA Investment, Caisse d’Epargne Rhone Alpes, and BNP Paribas. The funds will double Quobly’s R&D efforts, establish remote access interfaces for software development, and recruit top international experts. The company aims to become a global leader in quantum computing, leveraging standard computing technologies to define quantum bits.
Quobly’s Quantum Computing Innovation
Founded in 2022 in Grenoble, Quobly is dedicated to developing fault-tolerant quantum computing processors. The company’s innovative approach involves using standard computing technologies to define quantum bits, the basic units of quantum computing. The company aims to become a significant player in the global quantum computing industry.
The funds raised in this round will enable Quobly to form technological partnerships, establish a reference partner ecosystem, and accelerate its research and development in the pursuit of quantity and quality of quantum bits. Quobly is recruiting top international silicon technologies and quantum engineering experts to employ 50 people by the end of 2024. This funding round is considered the largest “seed” round ever achieved by a European quantum company in terms of private capital invested.
Quobly plans to use this initial round of funding to speed up its technological developments and establish itself as a significant player in the technology industry. The company has the backing of well-known sectoral experts from Quantonation, Bpifrance, Supernova Invest, and Innovacom. Other partners, including the State-managed Deep Tech 2030 fund, Quantonation I fund, and Bpifrance, have also expressed their strong support for Quobly’s ambitious projects.
Quobly has ambitious projects in the pipeline, gaining strong support from various partners, including the State-managed Deep Tech 2030 fund, Quantonation I fund, and Bpifrance. The company’s focus on developing fault-tolerant quantum computing processors using standard computing technologies to define quantum bits has positioned it as a potential leader in the quantum computing industry.
The fundraising round will allow Quobly to form technological partnerships, establish a reference partner ecosystem, and accelerate its R&D in the quest for quantity and quality of quantum bits. Quobly is now recruiting top international experts in silicon technologies and quantum engineering with the ambition of employing 50 people by the end of 2024. The fundraising round represents the largest “seed” funding round ever achieved by a European quantum company in terms of private capital invested.
Quick Summary
Quobly, a company specialising in developing quantum processors, has successfully raised €19m in seed funding, marking the largest seed funding round for a European quantum company. The funds will be used to accelerate research and development, establish technological partnerships, and expand the team to become a global leader in quantum computing.
- Quobly, previously known as Siquance, has raised €19m in a seed funding round.
- The funding was led by Quantonation and Bpifrance via the Deep Tech 2030 fund, with contributions from Supernova Invest, Innovacom, Crédit Agricole Alpes Development, CEA Investment, Caisse d’Epargne Rhone Alpes, and BNP Paribas.
- Quobly is developing quantum processors based on silicon spin qubits, aiming to utilise current semiconductor production capabilities for scalability and to implement a fault-tolerant Quantum Computing paradigm.
- The company was established in 2022 in Grenoble and is focused on developing fault-tolerant quantum computing processors using standard computing technologies to define quantum bits.
- The funds will be used to double the company’s R&D efforts, establish necessary remote access interfaces for software development, form technological partnerships, establish a reference partner ecosystem, and accelerate its R&D in the quest for quantity and quality of quantum bits.
- Quobly is recruiting international experts in silicon technologies and quantum engineering, aiming to employ 50 people by the end of 2024.
- This fundraising round is the largest seed funding round ever achieved by a European quantum company in terms of private capital invested.
- Quobly aims to use this funding to accelerate its technological developments and establish itself as a technology leader in the quantum computing field.