Pasqal
Pasqal is a Neutral-Atom Qubits company founded in 2019 and based in Massy, France. It has raised $497M in total funding, most recently an IPO in 2026 at a $2B valuation.
Pasqal was founded in 2019 in Massy, France, by co-founders including Alain Aspect (2022 Nobel Prize in Physics), Georges-Olivier Reymond, and Antoine Browaeys. The company manufactures neutral-atom quantum processing units (QPUs) arranged in 2D arrays of up to 200+ qubits, with its Orion Gamma generation delivering 140+ physical qubits in 2025. Systems are deployed at HPC centers including CINECA (Bologna) and Saudi Aramco (Dhahran). Pasqal's Pulser software framework, open-source and Python-based, enables pulse-level programming of its hardware. The company went public via SPAC in August 2026 at a $2 billion valuation, raising $360 million and bringing total capitalization to $497 million. As of H1 2026, Pasqal held €312.9 million post-IPO cash and reported 14% revenue growth with quantum services revenue growing 34%.
Pasqal is one of the few neutral-atom quantum computing platforms deployed across international HPC infrastructure and accessible via Microsoft Azure Quantum, positioning it as a key implementation of an alternative to superconducting and ion-trap approaches. The company's August 2026 Nasdaq listing and €312.9 million cash position reflect institutional confidence in neutral-atom quantum viability. Recent partnerships with LG CNS and USA Rare Earth signal enterprise integration pathways, while its academic roots and open-source software (Pulser) establish it as a reference architecture within the quantum research community.
At a glance
Total raised
$497M
Headcount
201-500
Headquarters
Massy
FranceFounded
2019
Status
Private
Latest valuation
Where Pasqal ranks
Top 25 Quantum Computing companies →Funding history
Total raised
$497M
Rounds tracked
3
Latest stage
IPO
Latest valuation
$2B
| Date | Stage | Amount | Valuation | Lead investors |
|---|---|---|---|---|
| Aug 28, 2026 | IPO | $360M | $2B | — |
| Jan 24, 2023 | Series B | $108M | — |
