French quantum computing start-up Pasqal raises $108m in funding round – The National

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French quantum computing start-up Pasqal raises $108m in funding round – The National

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France's quantum computing start-up Pasqal raised $108 million from regional and international investors to fund its platform, which aims to deliver major commercial advantages over classical computers by next year.

The Series B funding round was led by Singapore's state-owned investor Temasek. New investors include Saudi Aramco's venture capital arm Wa’ed Ventures, European Innovation Council (EIC) Fund and Bpifrance's Large Venture Fund. Continuing investors include Quantonation, the Defense Innovation Fund, Daphni and Eni Next.

"Pasqal's engineers have transformed world-class fundamental research into a system that is easy to use and is expected to deliver tremendous benefit to the world," company co-founder Alain Aspect said in a statement on Tuesday.

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