Quobly Raises €115 Million to Advance Quantum Computing
Quobly, a French startup specializing in industrial silicon-based quantum computers, has successfully closed a €115 million Series A funding round. The company, which focuses on creating scalable, high-performance, and affordable quantum computers for existing infrastructures, aims to transition its technology from the laboratory to industrial-scale production.
Leading Investors and Participants
The funding round was co-led by Bpifrance, Sealsq, and STMicroelectronics. Additional investors include the European Innovation Council (EIC), as well as French firms Blast, Innovacom, and Aliad, the venture arm of Air Liquide.
Utilizing Silicon for Quantum Computing
Quobly's approach to quantum computing involves using silicon to trap qubits, the fundamental units of quantum information. This method leverages existing semiconductor infrastructure and processes, allowing the company to produce quantum chips more efficiently and affordably. According to Maud Vinet, Quobly’s cofounder and CEO, "For quantum computing to deliver value, we’re going to need millions of qubits. This will require yield and industrial capabilities."
The startup has already developed quantum chips on a pilot semiconductor manufacturing line in collaboration with the French research institute, CEA-Leti. This partnership successfully met industry standards in terms of dimensions and materials. The next step involves moving this process to an industrial setting, facilitated by a partnership with STMicroelectronics.
Strategic Use of Funds
The newly raised funds will primarily be used to scale up production capabilities. Quobly plans to transfer its chip production process to an industrial environment, which will mark a significant shift from technological demonstration to deployment. This transition is expected to accelerate the availability of quantum computing power, which holds the potential to transform sectors such as AI, finance, and pharmaceuticals.
The Growing Quantum Computing Sector
Interest in quantum computing is growing rapidly, with several major funding rounds occurring in Europe this year. Quobly's successful Series A round is part of a broader trend, as investors recognize the transformative potential of quantum technology. As the company moves towards industrial-scale production, its progress will be closely watched by stakeholders across various industries.
Quobly's innovative use of existing semiconductor technologies positions it as a key player in the evolving quantum computing landscape, with the potential to significantly lower costs and expedite the development of practical quantum solutions.