Quantum Photonics Firm Quandela Raises €15 Million in Series A

PRESS RELEASE — Quandela, a French-based quantum photonics, has just raised €15 million from the deeptech investment fund Omnes, the Defence Innovation Fund managed by Bpifrance and subscribed by the Defence Innovation Agency (AID), and the quantum technology dedicated fund Quantonation.

This operation will enable the team to make the first complete photonic quantum computer available and to provide access to it via an online platform from 2022.

Co–founded in 2017 by Pascale Senellart (research director at the Center for Nanoscience and Nanotechnology, a CNRS and University of Paris–Saclay laboratory and 2014 CNRS silver medalist), Valérian Giesz (PhD engineer in optics) and Niccolo Somaschi (Ph.D. in
semiconductor nanotechnology), Quandela is known for being the originator of Prometheus,
the world’s first photonic qubit generator with broad application domains including quantum
cryptography, quantum computation or quantum sensors.

Quandela’s technology, the result of more than 20 years of research at the Centre for Nanoscience and Nanotechnology, is unique in the world. It has been published several times in peer–reviewed journals such as Nature and Physical Review Letters.

Based on this technology, the Quandela team has progressively developed an entanglement
system based on a chain of single photons contained in an optical fibre loop. The assembly of different components already offered to the market by Quandela (eDelight, 6–DMX, QShaper, QFiber, …) has allowed the creation of a prototype quantum computer based on a high flux of single and indistinguishable photons for demanding quantum research. From 2022, this opens up the possibility of putting this type of machine online (“cloud”) to promote broad access to research and its computing resources.

Valérian Giesz, CEO and co–founder of Quandela, says: “In just a few years Quandela has
established itself as a key player in the development of photonic quantum computing. We are collaborating with several European universities in the framework of the European project Photonic quantum sampling machine (Phoqusing), which will be launched in September 2020. We also sell our components to companies and research centres all over the world: Italy, Australia, Austria, the Netherlands… This fundraising will enable us to accelerate the structuring of the team and the investment in new equipment to achieve our objectives with a first step: the availability in the cloud of the first complete optical quantum computer in 2022.”

While many global players are racing for quantum power, the technology developed by
Quandela based on a single photon source of unparalleled quality and efficiency allows this
quantum computer to grow in power more rapidly, without suffering from the inherent brakes of other technologies (ions, superconducting qubits, etc.).

Niccolo Somaschi, CTO and co–founder of Quandela, says: “Given the recent technological
advances in the development of solid state quantum light emitters, it is time to explore the full potential of this technology for large–scale quantum computing. Quandela is one of the
international leaders in the technology, with all the resources to boost further developments and integrate the blocks needed to build computing platforms in a modular way.”

Quandela, a real flagship of French research, is now well positioned in the international race for quantum computers.

The Omnes fund was the lead investor in this operation. Fabien Collangettes, member of
Quandela’s board of directors, said: “Quandela brings together a world–class team and
proposes a major technological breakthrough in the field of photonic quantum computers. Our financial support will enable the company to take up major new technological challenges and to position itself as a European leader in the race for quantum advantage.”

For Charles Beigbeder, founder of the Quantonation investment fund, which has held a
stake in Quandela since 2020: “Quandela is part of this very small club of European deeptech companies that can revolutionise our technological universe. By capitalising on the properties of the elementary constituent of electromagnetism, the photon, Quandela wants to produce highly scalable and efficient quantum processors.”

Quandela also receives strong support from the Fonds Innovation Défense, managed by
Bpifrance.

Nicolas Berdou, Investor at Bpifrance, said: “After having supported the early stages of
Quandela’s development via our innovation financing mechanisms, we are proud to support
the company’s growth with the Defence Innovation Fund. This investment marks our collective ambition to participate in the growth of quantum technologies, to make France a major player in this sector of the future.”