Home / Business and Economy / Quantum Leap: Pasqal Secures $355M Post-Nasdaq Boost
Quantum Leap: Pasqal Secures $355M Post-Nasdaq Boost
24 Sep
Summary
- Pasqal secured over €312 million cash after Nasdaq listing.
- Funds will expand sales teams, advance technology, and boost production.
- Clients include Saudi Aramco and Crédit Agricole.
French quantum processor manufacturer Pasqal announced on September 24, 2026, that it possesses €312.9 million in cash. This significant amount was secured following the company's listing on Nasdaq. The capital will be strategically deployed to bolster commercial and technical-sales divisions.
Furthermore, Pasqal intends to utilize these funds to advance its quantum technology and augment production capabilities. These enhancements are anticipated to be implemented around 2027 and 2028. The company currently operates seven quantum processors and has a manufacturing capacity for thirteen machines annually.
Pasqal engages in direct sales to large corporations and data centers. Additionally, it offers time-based access to its quantum machines via cloud platforms such as Google Cloud and Microsoft Azure. Notable clients include Saudi Aramco and Crédit Agricole. The company reported first-half revenue of €4.9 million, representing a 14% increase, with €70.4 million in booked and awarded business.
