Quobly Raises 115 Million Euros to Fund Quantum Computer Development

The French startup Quobly, active in the development of quantum computers, has announced that it has raised its first round of funding (Series A) amounting to 115 million euros, with the aim of making its first device available via the cloud by 2026. This is significant news not just for the company itself but also (and perhaps especially) for the European quantum ecosystem because it shows how investments in the sector are growing.

115 Million for French Quobly

Quobly has raised its first funding round reaching 115 million euros, with investments from Bpifrance, SEALSQ, and STMicroelectronics, along with the European Innovation Council, Blast, Air Liquide Venture Capital, and Innovacom. However, it is STMicroelectronics that plays an interesting dual role: on one hand, it is an investor, but on the other, it is also a technology partner.

Quobly is indeed developing a strategy for quantum chip production based on standard manufacturing methods for silicon chips with 300 mm wafers. Supporting it are STMicroelectronics, Air Liquide, Soitec, and Orano. The company has already shown that it can leverage traditional silicon chip manufacturing processes to produce quantum processors, and this demonstrated capability underpins the success of the Series A funding.

The startup's first quantum computer, named Alloy Pioneer, will be available by the end of the year via the cloud. A software development platform, called Alloy Forge, will allow the creation and validation of applications for the device.

Looking to the future, the goal is to improve the performance and scalability of the hardware platform, accelerate the industrial-scale production process, and begin the installation of the first quantum computers at customer data centers. Implementation in HPC environments is planned for 2027.

"This funding marks the transition from technology validation to industrial execution. Over the past two years, we have demonstrated that silicon qubits can be developed within semiconductor manufacturing processes and integrated into a system architecture," stated Maud Vinet, CEO and co-founder of Quobly.

"With this Series A, we are accelerating the deployment of our first commercial systems and building a quantum computing platform designed to integrate into existing computing infrastructures. Our goal is to ensure that quantum computers can be deployed, scalable, and usable in real industrial environments."

There is another consideration to be made: an investment of this magnitude is particularly significant, especially when looking at the average size of funding raised by startups in Europe more broadly. It may just be a single swallow that, as the saying goes, does not make a spring, but the general signal seems to be that the European venture capital world is particularly attentive to quantum computing and is funding it more than other areas. There is, therefore, reason for hope that Europe will not fall behind in the race for quantum computing, as has happened in the classical world.