French quantum startup Quobly raises $134M led by Bpifrance and STMicroelectronics
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French quantum computing startup Quobly has raised €115 million ($133.72 million) in a funding round led by state-backed investment bank Bpifrance, chipmaker STMicroelectronics, and Sealsq. The funding follows recent public investments in quantum computing, including France's €1 billion commitment and the US administration's $2 billion announcement.
Quobly aims to produce affordable, reliable quantum computers using modified transistors similar to conventional chips. CEO Maud Vinet said this approach will make their quantum computers 100 times cheaper than competing technologies. The company is collaborating with STMicroelectronics for chip manufacturing, with a team of around 15 people working inside the chipmaker's facilities.
Quobly plans to offer cloud-based access to its first systems from its Grenoble headquarters later this year. Other investors include the European Innovation Council, Blast, Air Liquide Venture Capital, and existing investor Innovacom.
Source: stockopedia.com