Grenoble-based hardware venture Quobly has finalized a €115 million ($133.5 million USD) Series A financing round to transition its silicon-based quantum computing architecture from technology validation into active industrial execution. The capital expansion was co-led by Bpifrance (investing via the Deep Tech 2030 fund under the France 2030 initiative), post-quantum cybersecurity specialist SEALSQ, and semiconductor manufacturer STMicroelectronics. Additional institutional and strategic backing was provided by the European Innovation Council (EIC Fund), Blast, ALIAD (Air Liquide Venture Capital), and early-stage investor Innovacom. The capital injection follows a cumulative €19 million seed phase and is allocated to advance the fabrication, packaging, and commercial [...]

Quobly secures €115 million Series A to bring silicon-based quantum computers to market

French startup plans to leverage existing manufacturing processes to produce quantum chips