Quantum Startup Pasqal Seeks €200 Million at Unicorn Valuation - Bloomberg

French quantum computing startup Pasqal is targeting a €200 million funding round in early 2026, seeking a valuation exceeding €1 billion to achieve unicorn status. The company specializes in neutral-atom quantum processors, leveraging laser-cooled atoms for scalable, error-resistant quantum solutions aimed at industrial and financial applications. Investor interest reflects Pasqal’s strategic partnerships, including collaborations with major European energy and defense firms, positioning it as a leader in Europe’s quantum race. Funds will accelerate hardware development and expand its quantum-as-a-service platform, competing directly with US and Chinese rivals in the global quantum computing market. The move underscores Europe’s push to reduce reliance on foreign quantum technologies amid growing geopolitical tensions over tech sovereignty.