The European Innovation Council (EIC) and the European Investment Bank (EIB) celebrate today the investment agreement with French company PASQAL, a leader in neutral atoms quantum computing. Founded on Nobel Prize-winning research of company’s co-founder Alain Aspect, PASQAL will use the funding to further develop its neutral atoms quantum computing platform, which it believes will deliver major commercial advantages over classical computers by 2024.
In the last funding round, PASQAL secured €100 million in equity. The EIC Fund was one of the investors.
The ceremony took place at the EIC stand at Hello Tomorrow, with company’s CEO Georges Reymond, EIC’s Jean David Malo and EIB’s Alessandro Izzo present.
The EIC Board member Lars Frolund gave a welcome speech.
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