Pasqal

What Pasqal does

Pasqal is a French full-stack neutral-atom quantum computing company founded in 2019 as a spinoff from Institut d'Optique. The company develops quantum processors using laser-trapped rubidium atoms arranged in reconfigurable 2D and 3D arrays, with the architectural advantage of operating at room temperature without cryogenic cooling. The hardware lineup spans Pasqal Orion Gamma (140+ qubits) for early-stage utility workloads, Pasqal Vela (200+ qubits) targeting quantum advantage, and Pasqal Centaurus (500+ qubits targeting 2028 availability) for hybrid analog/FTQC workloads. The software stack includes Pulser and Pulser Studio for pulse-level control, Qoolqit as a hardware-agnostic SDK, QEK for quantum machine learning on graphs, MIS Solver for combinatorial optimization, and QEX for quantum chemistry applications.

Pasqal serves enterprise customers across energy (Aramco, EDF, BASF), banking and finance (Crédit Agricole CIB), aerospace and defense (Thales), automotive (BMW), logistics (CMA CGM), and industrials (Siemens, Sumitomo), with 25+ commercial use cases and 35+ customer engagements globally. Revenue is generated through four streams: on-premise quantum hardware sales to enterprise data centers and HPC facilities, cloud-based quantum computing access via Pasqal Cloud and four major cloud marketplaces (Google Cloud, Microsoft Azure, OVHcloud, Scaleway), software licenses and SDK subscriptions, and professional services for algorithm development and integration. Distribution combines direct enterprise field sales with self-serve cloud access and channel partnerships with IBM, NVIDIA, and consulting partners Capgemini and Tech Mahindra.

The company has deployed 7 quantum processing units with 3 more in production, operates across Europe, North America, the Middle East, and Asia Pacific, employs 275+ people including 70 PhDs, and holds 85 patents. Pasqal is pursuing a Nasdaq listing via SPAC merger with Bleichroeder Acquisition Corp. II at a $2.0 billion pre-money valuation, with closing targeted for H2 2026. The €340 million funding round announced in March 2026 supports doubling of production capacity at the Palaiseau facility, a 20% workforce expansion, and development of fault-tolerant quantum computing capability.

Name

Pasqal

Legal name

Pasqal SAS

Website

https://pasqal.com

Company type

Private

Founded year

2019

Operating status

Operating

Headcount range

251–500 employees

Short description

Pasqal develops full-stack neutral-atom quantum computing hardware, software, and cloud services for enterprise customers in energy, finance, defense, and logistics sectors, operating across Europe, North America, the Middle East, and Asia Pacific.

Ownership category

akta.pro rank

Product category

Quantum Computing Hardware and Software

NAICS

Computer and Peripheral Equipment Manufacturing (33411), Computing Infrastructure Providers, Data Processing, Web Hosting, and Related Services (5182)

SIC

Electronic Computers (3571)

akta.pro primary industry

Quantum Cloud Infrastructure & QPU Hosting (HDAGAIAA)

akta.pro secondary industries

Quantum Development Frameworks & Libraries (HDAGACAB), Multi-Provider Quantum Aggregators & Marketplaces (HDAGAIAC), Managed Quantum Services & Enterprise Support (HDAGAIAI)

Keywords

• Neutral atom quantum computing
• Quantum processing units
• Quantum cloud services
• Quantum software development
• Quantum optimization solvers

Headquarters

HQ city

Palaiseau

HQ country

France

HQ region

Europe

Offices6 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Personnel, Technology or R&D, Supply Chain, Infrastructure, Marketing or Sales, Operations

Revenue model

1. Quantum Hardware Sales: Sale and deployment of neutral-atom quantum processing units (QPUs) to enterprise customers for on-premise installation in data centers and HPC facilities.
2. Cloud Access (QCaaS): Pay-as-you-go and subscription-based remote access to quantum processors via Pasqal Cloud, Google Cloud, Microsoft Azure, OVHcloud, and Scaleway platforms.
3. Software Licenses and SDKs: Software development tools including Pulser, Qoolqit, QEK solvers, and emulation platforms with tiered access levels from free to enterprise.
4. Professional Services: Enterprise training, quantum solutions consulting, and algorithm integration services to help customers develop and deploy quantum applications.

Pricing tiers

Go-to-market motion3 records

Distribution channels6 records

Marketing channels7 records

Core offering

Pasqal develops and sells neutral-atom quantum processing units (QPUs), quantum software development kits (SDKs), and cloud-based access to quantum computing resources for enterprise customers. The company's offerings include on-premise QPU deployment at customer data centers and HPC facilities, cloud-based pay-as-you-go access via Pasqal Cloud and major hyperscaler marketplaces, and professional services for algorithm development and integration.

Product overview

Pasqal offers a full-stack neutral-atom quantum computing platform comprising hardware, software, and cloud services. The hardware lineup includes Pasqal Orion Gamma (140+ qubits for production testing), Pasqal Vela (200+ qubits targeting Quantum Advantage), and Pasqal Centaurus (500+ qubits for next-gen hybrid FTQC workloads). The software suite includes Pulser and Pulser Studio for pulse-level control, Qoolqit for quantum programming, QEK for quantum machine learning, MIS Solver for optimization, and QEX for quantum chemistry. Access is provided through Pasqal Cloud with Explorer (free), Academic, Pay-as-you-go, and Premium tiers, available directly or via Google Cloud, Microsoft Azure, OVHcloud, and Scaleway. Professional services cover training and custom algorithm development.

Differentiator

Problem solved

Functional benefit

Brands

• Pasqal Orion Gamma: 140+ qubit scalable neutral-atom architecture for production testing and early-stage utility workloads
• Pasqal Vela
• Pasqal Centaurus
• Qoolqit
• Pulser
• Pulser Studio
• QEK (Quantum Evolution Kernel)
• MIS Solver
• QEX
• Pasqal Cloud

Products and services

• Pasqal Orion Gamma A 140+ qubit scalable neutral-atom quantum processing unit leveraging highly reconfigurable arrays for early quantum utility. Designed for production testing and early-stage utility workloads, sold to enterprise customers and HPC centers.
• Pasqal Vela A 200+ qubit neutral-atom quantum processing unit engineered with enhanced addressability and local detuning for advanced analog applications, optimization, and materials simulation. Targets quantum advantage for industrial workloads.
• Pasqal Centaurus A next-generation hybrid architecture with 500+ qubits blending advanced analog and early fault-tolerant quantum computing (FTQC) capabilities, targeting scaled optimization and materials simulation workloads. Targeted availability 2028.
• Pulser
• Qoolqit A hardware-agnostic, Python-native interface for quantum programming designed specifically for the neutral-atom computing model that automatically compiles for varying QPU architectures, enabling developers to focus on solution design.
• QEK (Quantum Evolution Kernel) An open-source library applying advanced quantum machine learning for graph classification and data analysis, integrating quantum capabilities into graph-based workflows for Quantum-Enhanced Graph Machine Learning and materials modeling.
• Pasqal Emulators High-performance emulators simulating QPU environments, available locally or via cloud, enabling developers to test and refine quantum algorithms before deploying to physical hardware.
• Pasqal Cloud Cloud platform providing remote access to Pasqal's quantum processing units and emulators globally. Offers flexible pay-as-you-go access via Pasqal Cloud, Google Cloud, Microsoft Azure, OVHcloud, and Scaleway.
• Professional Services Enterprise training, quantum solutions development, and algorithm integration services. Includes hands-on sessions for technical teams, tailored algorithm development, and execution of proof-of-concept models on neutral-atom QPUs.
• Quantum Resource Management Interface (QRMI) Pasqal's runtime interface enabling CUDA-Q workloads to be scheduled and orchestrated on Pasqal neutral-atom quantum systems through standard Slurm-based HPC workflows, making quantum processors native accelerators in heterogeneous HPC environments.
• QEX (Quantum Chemistry) Open-source software for quantum-enhanced chemistry applications, enabling quantum computing approaches for molecular modeling and chemical simulations.
• Pulser Studio A no-code visual interface for building and simulating quantum pulse sequences, enabling users to visualize, prototype, and model quantum control mechanisms without requiring code execution.
• MIS Solver (Maximum Independent Set) Quantum solver leveraging quantum techniques to evaluate optimization models in logistics, scheduling, and network design scenarios where classical architectures face significant computational bottlenecks.

Quantifiable outcome

• 200-qubit quantum computer deployed at Aramco data center, first in Middle East
• +4 more outcomes

Named customers12 records

Segments8 records

Ideal customer profiles6 records

Technology focussed Yes

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

Integration7 records

AI capability7 records

Feature10 records

Partnerships

22 partnerships are on record, tiered core, strategic and minor.

• IBMcoreTechnology or Integration · 1 June 2024Strategic collaboration on quantum-centric supercomputing combining superconducting and neutral atom technologies. Includes HPC integration, use case development, and ecosystem contributions through Qiskit integration allowing IBM users to access Pasqal's neutral-atom processors.
• AramcocoreStrategic or Co-development Partner · 1 May 2024Deployed Saudi Arabia's first 200-qubit quantum computer at Aramco data center in Dhahran for industrial applications including reservoir optimization, CO2 storage, and logistics. Partnership established May 2024; Wa'ed Ventures invested in January 2023.
• NVIDIAcoreTechnology or IntegrationPartnership through NVIDIA Inception program for startups. Integration of Pasqal's QRMI runtime with NVIDIA's CUDA-Q platform enabling quantum workloads to be scheduled through standard Slurm HPC workflows.
• GooglecoreTechnology or IntegrationPasqal's neutral-atom quantum processors available via Google Cloud Marketplace, enabling cloud access for Google Cloud customers.
• MicrosoftcoreTechnology or IntegrationPasqal QPUs accessible through Microsoft Azure quantum computing platform for Azure customers.
• OVHcloudcoreChannel Partner/ Reseller/ DistributorPasqal became first QPU available on OVHcloud's Quantum Platform, providing European cloud access to Pasqal's quantum processors.
• CINECAcoreTechnology or IntegrationItalian HPC center where Pasqal deployed Italy's first neutral-atom quantum computer (SOL, 140 qubits) integrated with Leonardo supercomputer. Part of EuroHPC infrastructure.
• CEAcoreTechnology or IntegrationFrench research organization where Pasqal's QPU is integrated with Joliot-Curie supercomputer for hybrid quantum-classical workflows. CEA is founding research partner.
• Jülich Supercomputing CentrecoreTechnology or IntegrationGerman HPC center (JSC) hosting Pasqal's Jade QPU for European quantum computing infrastructure (JUNIQ) serving science and industry.
• WelinqstrategicStrategic or Co-development Partner€4M InterQo project funded by France 2030 to develop networked quantum computing by interconnecting neutral-atom QPUs using photon-based interconnects. Both companies share compatible neutral-atom technology.
• CapgeminicoreImplementation/ SI/ Consulting PartnerGlobal business transformation partner with Quantum Lab developing client solutions using Pasqal's quantum technology.
• Tech MahindraminorImplementation/ SI/ Consulting PartnerTechnology consulting partner offering quantum computing services and solutions to enterprise clients.
• Crédit Agricole CIBcoreStrategic or Co-development PartnerStrategic partnership since 2019 targeting capital markets applications. Focus on quantum algorithms for portfolio optimization, counterparty credit default risk, and capital reserve consumption monitoring. Production use cases targeted for 2028.
• CMA CGMcoreTechnology or IntegrationGlobal logistics company partner using Pasqal's quantum optimization for supply chain and routing challenges.
• ThalescoreTechnology or IntegrationGlobal aerospace and defense company using Pasqal's quantum solvers for mission planning and satellite constellation scheduling optimization.
• SumitomocoreTechnology or IntegrationJapanese conglomerate partnership for quantum AI applications and technology collaboration.
• Institut d'Optique Graduate SchoolcoreStrategic or Co-development PartnerAcademic spinoff partner from which Pasqal originated; ongoing research collaboration in quantum optics and quantum computing.
• KAISTstrategicStrategic or Co-development PartnerKorea Advanced Institute of Science and Technology partnership for quantum research and academic collaboration.
• Université de SherbrookeminorStrategic or Co-development PartnerCanadian university partnership through Aeponyx subsidiary for quantum research in Quebec.
• MilaminorStrategic or Co-development PartnerQuebec Artificial Intelligence Institute partnership for quantum AI research and development.
• ScalewayminorChannel Partner/ Reseller/ DistributorEuropean cloud provider offering Pasqal quantum computing access through their platform.
• Open Quantum InstituteminorStrategic or Co-development PartnerMultilateral governance initiative hosted at CERN promoting global quantum access for humanitarian applications.

Scale indicators12 records

Recent moves11 records

Expansion highlights7 records

Broad incumbents

• IBM Quantum: Established broad incumbent offering Heron superconducting quantum processors and the Qiskit SDK. Pasqal has partnered with IBM for Qiskit integration but competes against its installed base and ecosystem.
• Rigetti Computing: Public superconducting quantum computing company providing cloud-accessible QPUs and full-stack quantum services. Competes with Pasqal in the broader QCaaS market for hybrid classical-quantum enterprise workloads.

Direct peers

• QuEra Computing: U.S.-based neutral-atom quantum computer developer founded on research from Harvard and MIT. Competes head-to-head with Pasqal in the neutral-atom modality, targeting analogous use cases in optimization and simulation.
• Quantinuum: Trapped-ion quantum computing company formed by merger of Honeywell Quantum Solutions and Cambridge Quantum. Competes for the same enterprise QCaaS workloads (finance, materials, chemistry) with a different but adjacent modality.
• IonQ: Public trapped-ion quantum computing company providing cloud-accessible QPUs through AWS, Azure, and GCP. Competes directly with Pasqal for enterprise QCaaS customers in the same hyperscaler distribution channels.
• Atom Computing: U.S.-based neutral-atom quantum computing company using laser-trapped atoms as qubits. Most direct competitor to Pasqal with similar architecture, targeting 1000+ qubit systems and competing for the same enterprise and government customers.

Emerging players

• PsiQuantum: Photonics-based quantum computing company targeting fault-tolerant million-qubit systems with massive capital backing ($1B+ raise). Competes for the same industrial enterprise use cases with a different scalability roadmap.
• IQM Quantum Computers: Finnish superconducting quantum hardware maker co-building the SOL system at CINECA alongside Pasqal. Direct competitor for European EuroHPC contracts and enterprise on-premise QPU deployments.

Regional players

• Alice & Bob: French superconducting quantum computing company developing fault-tolerant cat-qubit technology. Direct French competitor sharing the same national quantum infrastructure support (Proqcima, Bpifrance) as Pasqal.
• Quandela: French photonic quantum computing startup also supported by Proqcima and French government quantum initiatives. Competes with Pasqal in the French national quantum ecosystem and for similar European research customers.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/pasqal_quantum
• YouTubeyoutube.com/@pasqal.quantum
• LinkedInlinkedin.com/company/pasqal
• Instagraminstagram.com/pasqal.quantum
• Facebookfacebook.com/Pasqal.quantum.computing

Revenue estimate

Valuation estimate

Number of profiles

Profiles19 records

Subsidiaries1 record

Funding overview

Funding rounds9 records

Investors17 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A1 record

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Pasqal