Quandela Secures $54M to Support Expansion

Photonic quantum computing company Quandela has secured more than €50 million ($54.7 million) from investors, public funding, and banking partners to support the company’s international expansion and industrial development. The capital increase, Quandela said, will enable it to expedite international expansion and increase production of its quantum computers to meet the needs of industrial clients.

Quandela has initiated production of three new machines within its facility, scheduled to begin deliveries in 2024. The company, already established in Germany, aims to solidify its position in North American and Asian countries. To meet these challenges, Quandela plans to increase its workforce in the coming months.

New investors include Serena, Crédit Mutuel Innovation, and the European Innovation Council Fund, alongside existing investors Bpifrance, OMNES Capital, and Quantonation. Quandela has also received support from France 2030 as laureate of the “Première usine” call for projects, operated by Bpifrance.