Venture Capital
OAKLAND, Calif : Paris-based quantum computer startup PASQAL on Tuesday said it had raised 100 million euros ($109 million) and aims to deliver major commercial advantages over classical computers by next year using the fresh funds. The investment is the biggest private funding round for a quantum computer startup in Europe, according to Georges-Olivier Reymond, CEO and co-founder of PASQAL. It comes as the stock price collapse of three New York-listed quantum computer makers, IonQ Inc, Rigetti Computing, and D-wave Quantum has made funding for the sector challenging.

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