Overview
- Pasqal began trading on the Nasdaq after completing a merger with investment firm Bleichroeder that provided about $360 million in cash, a deal announced on August 27–28, 2026.
- The company said the funds will be used to accelerate worldwide deployments of its neutral‑atom quantum processors, increase R&D and grow its international sales operations.
- Pasqal builds quantum machines that trap and control neutral atoms with lasers and has reported seven deployments so far while partnering with firms such as Microsoft and serving clients like CMA CGM and Siemens.
- The firm was valued at about $2 billion after a March funding round, counts Bpifrance among its backers, and frames its Nasdaq listing as a step to scale a French national push into quantum technology.
- Neutral‑atom systems are one of several experimental hardware paths to practical quantum computing, so the listing will likely speed commercial trials and intensify competition for talent, customers and follow‑on funding.