Elaia is an independent venture capital firm, focused on the digital economy and deep tech. With over €700m under management, Elaia invests in high-potential disruptive startups from the first financing rounds to the emergence of global leaders. With more than 75 years of cumulated experience in both venture capital and digital industries, the investment team offers close, proactive, and relevant support to its entrepreneurs. Elaia was founded in 2002 by Philippe Gire and Xavier Lazarus and is based in Paris, Ile-de-France, France.

Elaia

We're Acequia Capital, a company and partnership based in Seattle with expertise in technology investments. We're industry partners and systems thinkers in product roadmaps, business models, and go-to-market strategies. We're in good company with founding teams in most industries, mainly in the US, UK, and Europe.

Acequia Capital (AceCap)

Breega propels pioneering and purpose-driven founders from idea into impact. We closed our first fund in 2015 and now have half a billion AUM and 70+ trailblazing portfolio companies. Crafted for founders by founders, we built Breega to provide start-ups with the help we wish we'd had. And we’ve created an investment proposition that’s purposefully designed. We call it full stack funding: providing capital and connections, expertise and experience, support and solidarity for entrepreneurs at every step of their journey. We invest across Europe and internationally, focusing on pre-seed to Series A+.

Breega

The European Innovation Council aims to support top-class innovators, entrepreneurs, small companies, and researchers with bright ideas. The EIC co-invests alongside private investors in early-stage startups that have ESG impacts.

European Innovation Council

Bpifrance provides financial solutions for companies that are booting up the listing on the stock exchange and credit equity. It includes OSEO, CDC Entreprises, FSI, and FSI Regions to offer in your area of financial solutions at every stage of the life of your business. Bpifrance was founded in 2012 and is based in Maisons-alfort, Ile-de-France, France.

Bpifrance

In March 2017, after 18 years of activity, the venture capital activity of CEA Investissement and its team were transferred into a newly created independent venture capital firm, Supernova Invest. Supernova Invest combines Amundi the European leader in asset management and the CEA Europe’s most innovative research institute, both being shareholders of Supernova Invest.

Supernova Invest

Techmind

Alice & Bob

Alice&Bob build Universal, Error-free, Quantum Computers to help industries and researchers solve the hardest problems.

<div>Alice &amp; Bob is a developer of a universal quantum computer using the superconducting qubit technology. The company&rsquo;s focus is on creating error-free quantum computers. The company claims its qubits have been engineered to be intrinsically insensitive to one of the two types of possible quantum errors with the first prototype having reduced the number of errors by a factor of 300. It believes it can produce a fully fault-tolerant operational quantum computer in five years (as opposed to the 10 years currently predicted).</div>

Quantum information processing is slowly becoming a reality, ushering in a new technological era.

Quantum Computing

<div>
 
 Alice &amp; Bob is a developer of a universal quantum computer using the superconducting qubit technology. The company&rsquo;s focus is on creating error-free quantum computers. The company claims its qubits have been engineered to be intrinsically insensitive to one of the two types of possible quantum errors with the first prototype having reduced the number of errors by a factor of 300. It believes it can produce a fully fault-tolerant operational quantum computer in five years (as opposed to the 10 years currently predicted).
 
</div>

<div>
 
 The UK-based Quantum Motion Technologies is engaged in developing quantum computer architectures based on silicon technology, which are compatible with standard silicon processing (CMOS process). The company believes this approach will enable it to create scalable quantum computers with thousands to millions of qubits.
 
</div>

Quantum Motion Technologies

<div>
 
 SeeQC is a quantum hardware startup spun out from Hypres, a leading developer of superconductor integrated circuits. SeeQC is developing a unique digital system-on-a-chip design that integrates classical and quantum circuits into a hybrid system in order to overcome quantum computers&rsquo; current challenges. The company owns and operates a state-of-the-art superconductive chip fabrication facility and provides foundry services for superconducting devices. It also has facilities in London, UK, and Naples, Italy.
 
 
 Through the hybrid approach, SeeQC believes it can reduce the cost of quantum computers by 1/400th, provide greater control, and reduce energy requirements significantly.
 
</div>

SeeQC

<div>
 
 IonQ develops general-purpose quantum computers using trapped-ion technology. Although the company calls itself a full-stack player, its focus has been on developing hardware. In December 2020, it revealed its quantum roadmap that introduced its new metric, &ldquo;algorithmic qubits (AQ),&rdquo; which represents the largest number of qubits that can be deployed while maintaining high performance and considering error correction. Its latest system IonQ Aria achieved 20 AQ, as of May 2023. In terms of physical qubits, IonQ&rsquo;s latest hardware had 32 qubits, which were expected to hold 22 AQs.
 
 
 Founded in 2015, IonQ&rsquo;s main competitive advantage stems from its approach to designing qubits that allow computers to be operated at room temperature with lower error rates.&nbsp;
 
 
 IonQ unveiled the industry&rsquo;s first glass-based trapped ion computing chip called the Reconfigurable Multicore Quantum Architecture (RMQA) technology, in August 2021, which the company believes will significantly expand the longevity of qubits and enable at least triple-digit scalability.&nbsp;
 
 
 Key customers and partnerships
 
 
 The company secured Samsung&rsquo;s first-ever quantum computing investment (co-led by a UAE wealth fund) of USD 55 million in 2019. IonQ believes it can tap into Samsung&rsquo;s expertise in miniaturization to shrink quantum computing components.&nbsp;
 
 
 IonQ secured a strategic partnership with SoftBank Investment Advisers (June 2021) to provide support in deploying the company&rsquo;s quantum systems globally, and with Accenture (September 2021) to accelerate the industrial application of IonQ&rsquo;s quantum systems. It also joined hands with the University of Maryland (UMD) in September 2021 to establish a national quantum lab in Maryland. In October, UMD and IonQ demonstrated a breakthrough cost-effective, error correction approach to enable building a fault-tolerant practical trapped ion-based quantum computer.&nbsp;
 
 
 The company offers access to its quantum computer via all major quantum cloud computing platforms including Microsoft Azure, Amazon Web Services (AWS), and Google Cloud Marketplace (GCM). It is also integrated with major software development kits (SDK) including IBM Qiskit and Google Cirq. In May 2023, IonQ began offering its IonQ Aria system on Amazon Braket.
 
 
 Funding and financials
 
 
 The company went public on the New York Stock Exchange (NYSE) under the ticker &ldquo;IONQ,&rdquo; in October 2021 via a special purpose acquisition company (SPAC) merger. The IPO raised more than USD 650 million and made IonQ the first publicly traded pure-play quantum computing company. 
 
</div>

IonQ

<div>
 
 Rigetti is an end-to-end provider of general-purpose quantum computers. The company&rsquo;s approach to developing computers is based on superconducting qubit technology, similar to Google and IBM. Since 2017, the company has operated a cloud-based quantum platform that allows developers to either create applications or use Rigetti&rsquo;s virtual machine.&nbsp;
 
 
 Rigetti is well-positioned to compete with incumbents as well as startups because of its advancements in hardware, which is currently used by 14 other companies (mostly other quantum software startups). Rigetti introduced the world&rsquo;s first multi-chip quantum processor, in June 2021, that physically connects multiple chips with their own qubits in a single functional processor, which is expected to improve scalability. It also launched its first commercially available 80-qubit quantum system in February 2022, which exceeds the qubit count of any other startup, but is lower than that of IBM.&nbsp;
 
 
 In June 2022, the company expanded its geographical presence with the launch of its 32-qubit, cloud-based 
 <a href="https://sp-edge.com/updates/11308">
 Aspen system in the UK
 </a>
 market. It also strengthened its position in the software segment via the acquisition of QxBranch (a Washington-based quantum computing software company) in 2019. In December 2023, the company launched its first 
 <a href="https://sp-edge.com/updates/24731">
 Quantum Processing Unit (QPU)
 </a>
 , Novera, which is based on its fourth-gen Ankaa-class architecture. The price of the QPU starts from USD 900,000.
 
 
 Key customers and partnerships
 
 
 In July 2021, the company partnered with Astex Pharmaceuticals to apply quantum technology to drug discovery. This partnership was a stepping stone for Rigetti to commercially apply quantum computing to the pharmaceutical industry. Additionally, as part of an InnovateUK grant, the company partnered with 
 <a href="https://sp-edge.com/updates/11334">
 Riverlane
 </a>
 in June 2022 to explore and develop error correction solutions. In October 2023, the company was awarded with a Defense Advanced Research Projects Agency 
 <a href="https://sp-edge.com/updates/22419">
 (DARPA) 
 </a>
 contract as part of the Imagining Practical Applications for a Quantum Tomorrow (IMPAQT) program to advance quantum algorithms for solving combinatorial optimization problems. In January 2024, the company collaborated with 
 <a href="https://sp-edge.com/updates/25242">
 Moody&rsquo;s Analytics
 </a>
 to enhance machine-learning methods for the financial sector using quantum computing abilities. In February 2024, Rigetti Computing and Riverlane joined a project led by the 
 <a href="https://sp-edge.com/updates/27062">
 Oak Ridge National Laboratory (ORNL)
 </a>
 , a part of the US Department of Energy (DOE), to explore the possibility of integrating a quantum computer and high-performance computing (HPC) systems.
 
 
 Funding and financials
 
 
 Rigetti 
 <a href="https://sp-edge.com/updates/8880">
 went public
 </a>
 on Nasdaq under the ticker &ldquo;RGTI,&rdquo; in March 2022 via a special purpose acquisition company (SPAC) merger. The IPO raised USD 261.8 million and made Rigetti the second publicly traded pure-play quantum computing company, following IonQ. 
 
</div>

Rigetti Computing

<div>
 
 PsiQuantum develops general-purpose quantum computers based on the silicon photonic approach, a relatively new method which is capable of using the existing silicon supply chain of conventional electronics. This will help the company keep production costs low and provide scalability, allowing PsiQuantum to focus on building a commercially viable quantum computer with one million qubits, the company&rsquo;s primary development goal.
 
 
 Key customers and partnerships
 
 
 Working towards its goal, in May 2021 PsiQuantum entered into a partnership with global chip manufacturer 
 <a href="https://sp-edge.com/updates/2245">
 GlobalFoundries
 </a>
 (GF) to build an integrated, silicon photonics-based quantum system called the &ldquo;Q1 system&rdquo; by manufacturing quantum chips in GF&rsquo;s semiconductor foundry. This partnership also received US federal funding of 
 <a href="https://www.schumer.senate.gov/newsroom/press-releases/schumer-announces-25-million-for-globalfoundries-and-psiquantum-to-develop-the-next-generation-of-quantum-computers-at-rome-air-force-research-lab-and-malta-campus-fed-funding-will-strengthen-national-security-supercharge-us-technological-competitiveness_ensure-upstate-new-york-continues-to-lead-quantum-technology">
 USD 25 million
 </a>
 in April 2022. The company partnered with Japanese quantum software company 
 <a href="https://sp-edge.com/updates/7246">
 QunaSys
 </a>
 in December 2021 to research quantum-based industrial chemistry and material science solutions and partnered with the UK-based Science and Technology Facilities Council (STFC) 
 <a href="https://sp-edge.com/updates/22518">
 Hartree Centre
 </a>
 in October 2023 to develop Fault-Tolerant Quantum Computing (FTQC) applications in the UK. In January 2024, PsiQuantum and 
 <a href="https://sp-edge.com/updates/25972">
 Mitsubishi UFJ 
 </a>
 Financial Group (MUFG) entered PsiQuantum's Qlimate initiative project with Mitsubishi Chemical to research energy-efficient materials to promote a low-carbon economy.
 
 
 
 
 Funding and financials
 
 
 Founded in 2016, the company has remained relatively quiet about its silicon photonic approach but gained wider attention after attracting the two largest funding rounds in industry history with GBP 179 (USD 230 million) in 2019 and USD 150 million in April 2020. In July 2021, the company surpassed its own record with a Series D funding round of up to USD 450 million, making PsiQuantum the highest privately funded quantum startup at the time. The proceeds were earmarked for building the 1 million-qubit computer and expanding its team of experts. 
 
 
 
</div>

PsiQuantum

Startups in this space offer solutions for building enterprise-specific applications and automations

Companies developing quantum computing hardware using either gate-based or annealing technology.

Alice & Bob

Quantum Computing

Key stats

Recent Updates

Alice & Bob raises EUR 16.5 million in grant funding to develop processor

Alice & Bob partners with NVIDIA to integrate cat qubits into computing centers

Classiq and Alice & Bob collaborate to enhance fault-tolerant quantum computing

Alice & Bob and Inria partner to advance quantum computer efficiency through new architecture

Alice & Bob partners with OVHcloud to launch quantum emulator Felis

Alice & Bob collaborates with Equinix to offer quantum computing access worldwide

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