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C12 Quantum Electronics raises EUR 18 million in Series A funding to stabilize qubits with carbon nanotubes
Quantum Computing
Jun 19, 2024
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Quantum Computing

Quantum Computing

Jun 19, 2024

C12 Quantum Electronics raises EUR 18 million in Series A funding to stabilize qubits with carbon nanotubes

Funding

  • French quantum computing startup C12 Quantum Electronics SAS has raised EUR 18 million (USD 19.4 million) in a Series A funding round led by Varsity Capital, EIC Fund and Verve Ventures, with participation from 360 Capital, Bpifrance, and BNP Paribas Développement.

  • The funding will be used to accelerate C12's R&D to achieve its next major goal of creating the first high-fidelity quantum operation on two distant spin qubits connected by a communication bus, an essential step toward integrating thousands of qubits required for future quantum computers.

  • C12 aims to build a scalable quantum computer using carbon nanotubes as the foundation for its qubits, which can improve qubit stability and minimize errors compared to existing superconducting techniques. The company was spun out of the physics laboratory of the École Normale Supérieure in Paris and selected for the French government's Proqcima program to develop quantum computer prototypes by 2032.

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