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Quandela Secures $54M to Support Expansion

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Photonic quantum computing company Quandela has secured more than €50 million ($54.7 million) from investors, public funding, and banking partners to support the company’s international expansion and industrial development. The capital increase, Quandela said, will enable it to expedite international expansion and increase production of its quantum computers to meet the needs of industrial clients.

Quandela has initiated production of three new machines within its facility, scheduled to begin deliveries in 2024. The company, already established in Germany, aims to solidify its position in North American and Asian countries. To meet these challenges, Quandela plans to increase its workforce in the coming months.

New investors include Serena, Crédit Mutuel Innovation, and the European Innovation Council Fund, alongside existing investors Bpifrance, OMNES Capital, and Quantonation. Quandela has also received support from France 2030 as laureate of the “Première usine” call for projects, operated by Bpifrance.

Published: November 2023
Glossary
quantum
The term quantum refers to the fundamental unit or discrete amount of a physical quantity involved in interactions at the atomic and subatomic scales. It originates from quantum theory, a branch of physics that emerged in the early 20th century to explain phenomena observed on very small scales, where classical physics fails to provide accurate explanations. In the context of quantum theory, several key concepts are associated with the term quantum: Quantum mechanics: This is the branch of...
photonics
The technology of generating and harnessing light and other forms of radiant energy whose quantum unit is the photon. The science includes light emission, transmission, deflection, amplification and detection by optical components and instruments, lasers and other light sources, fiber optics, electro-optical instrumentation, related hardware and electronics, and sophisticated systems. The range of applications of photonics extends from energy generation to detection to communications and...
Businessfinancingquantumphotonicsoptical computingphotonic computingcomputingcomputerquantum computerFrancefundingcapitalQuandelaSerenaCredit Mutuel InnovationEuropean Innovation Council FundBpifranceOMNES CapitalQuantonationEuropeIndustry News

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