Pasqal and Qu&Co scale the global market for quantum applications
(EETIMES.Europe) discusses the recent announcement that Qu&Co and Pasqal are merging their businesses. Inside Quantum Technology summarizs.
The merger will combine Qu&Co’s robust portfolio of algorithms with Pasqal’s full-stack neutral-atom system to accelerate the quantum path to commercial applications. The united business, known as Pasqal and located in Paris, will offer a 1,000-qubit quantum solution in 2023, according to the disclosed roadmaps of the most sophisticated quantum platforms.
Qu&Co’s portfolio of quantum algorithms will be tightly integrated with Pasqal’s advanced quantum hardware, providing added value to customers such as Johnson & Johnson, LG, Airbus, and BMW Group.
The combined company will offer a wide range of quantum solutions in chemistry, life sciences, automotive, electronics, utilities, aerospace, defense, finance, and other sectors.
In an interview with EE Times Europe, Georges-Olivier Reymond, CEO of Pasqal, said the merger enables the combined company to fast-track the implementation of its R&D roadmap, recruit top talent, achieve an industry-relevant quantum advantage much sooner, and serve more clients with new, unique, and proprietary quantum solutions.
In the press release introducing the company, Reymond said, “Leveraging the synergies of the two companies will further strengthen our full-stack neutral-atom solution in achieving near-term commercial benefit.” Reymond will remain CEO of the combined company, while Benno Broer, CEO of Qu&Co, will assume the role of chief commercial officer. Broer also serves as vice president of the European Quantum Industry Consortium (QuiC) and brings more than 15 years of experience in business development.
Qu&Co’s portfolio of algorithms includes problem-solving tools for computational finance, fluid dynamics, and chemistry, while Pasqal brings algorithms for quantum machine learning and optimization problems, powered by its Pulser coding platform, which enables control of processors based on neutral atoms at the laser pulse level.