Market & RegulationInvestment · €115M
Quantum startup Quobly raises €115M Series A
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Why it matters
- →Quobly's funding highlights the increasing investor interest in quantum computing's transformative potential.
- →Leveraging existing semiconductor infrastructure could accelerate the development of scalable quantum computers.
- →The move from lab to industrial scale is crucial for the practical deployment of quantum computing technology.
French startup Quobly has raised €115 million in a Series A funding round to scale its quantum computing technology from laboratory to industrial production. The round was co-led by Bpifrance and STMicroelectronics, with participation from several European investors. Quobly uses silicon to trap qubits, allowing it to utilize existing semiconductor infrastructure for its quantum chips. The company plans to offer its first quantum computer through the cloud by the end of the year, marking a significant step in the commercialization of quantum technology.
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