Quantum Startup Pasqal Seeks €200 Million at Unicorn Valuation

French quantum computing startup Pasqal SAS is seeking €200 million ($237 million) in a funding round that would push its pre-money valuation above $1 billion, positioning it as Europe’s latest quantum unicorn. The funding discussions remain private and unfinished, with terms subject to change, according to unnamed sources familiar with the negotiations. Pasqal, based in France, specializes in neutral-atom quantum processors, a technology competing with superconducting and trapped-ion approaches in the race for scalable quantum computing. If successful, the deal would mark one of the largest quantum computing funding rounds in Europe, reflecting growing investor confidence in the sector’s commercial potential. The move follows a wave of quantum startups attracting major capital as governments and enterprises accelerate adoption of next-generation computing technologies.