Qblox and Pasqal Receive Funding from the European Innovation Council Totaling €11.8 Million ($14...

Qblox received funding of €4.8 million (about $5.9M USD) and Pasqal received €7 million (about $8.6M USD) from the European Commission EIC Accelerator program. The funds include grants of up to €2.5 million with the remainder as an equity investment. These two organizations were among the 38 startups selected for funding among over 4200 applicants. Qblox develops create massively scalable quantum control stacks while Pasqal is working to develop a first generation of multi-100 qubit processors out of the neutral atom technology as well as a full software stack including application-specific libraries. For more information, you can view a LinkedIn posting from Qblox here, a news release from Pasqal here and a news release from the European Commission's European Innovation Council (EIC) here.

December 24, 2020