Quobly (formerly Siquance) completed its first funding round of €19 million. The startup is developing a fault-tolerant quantum processor to power a universal quantum computer.
Quantonation, Bpifrance (via the Deep Tech 2030 fund managed on behalf of the French government as part of the France 2030 program), Supernova Invest, and Innovacom led the round. Crédit Agricole Alpes Développement, CEA Investissement, Caisse d’Epargne Rhone Alpes, and BNP Paribas also participated. The influx of capital will double Quobly’s R&D capabilities and allow the company to deploy the remote access solutions needed to develop software.