Quobly (formerly Siquance) Raises €19 Million ($21.2 Million USD) in Seed Financing

Quobly (formerly Siquance) is a spin-off of CEA and CNRS founded in 2022 and located in Grenoble, France. They are developing a quantum processor based on spin qubit technology that will leverage French and EU semiconductor fabrication capabilities at CEA and CNRS. They have received a €19 million round of funding led by Quantonation, Bpifrance, Supernova Invest and Innovacom. In addition, Crédit Agricole Alpes Development, CEA Investment, Caisse d’Epargne Rhone Alpes and BNP Paribas also participated in the round. This amount is the largest ever round of “seed” funding for a European quantum company. The company will use the funds to add additional technical talent to their team with a target of reaching 50 employees by the end of 2024. Additional details are available in a news release (in French) provided by the company Here and also a blog post (in English) on the Quantonation website Here.

July 13, 2023