Company Overview
About Quandela
Quandela is a French quantum computing company founded in 2017 as a spinout from the Centre for Nanoscience and Nanotechnology (C2N) at Paris-Saclay University, headquartered in Massy, France (near Paris). The company specializes in photonic quantum computing — an approach that uses photons (particles of light) as quantum bits (qubits) rather than the superconducting circuits used by IBM and Google or the trapped ions used by IonQ and Quantinuum. Photonic qubits offer key advantages: they operate at room temperature (eliminating the need for dilution refrigerators cooling to near absolute zero), are naturally suited for quantum networking, and have a favorable noise profile for certain computation and simulation tasks.
Business Model & Competitive Advantage
Quandela raised €50M in a Series B in 2023 led by Quantonation and BPI France, with participation from Omnes Capital and the European Innovation Council (EIC) Fund. In 2024, Quandela listed on Euronext Growth Paris under the ticker ALQLA, becoming one of the few publicly traded dedicated quantum computing companies in Europe. The company's product portfolio includes the MosaiQ photonic quantum computing platform — a modular, scalable architecture available on-premises and via cloud access; the Perceval open-source quantum programming framework (released on GitHub and widely used by the photonic quantum research community); and the Prometheus single-photon source module — a hardware component used in quantum optics research and as a building block for quantum networks.
Competitive Landscape 2025–2026
Quandela serves academic research institutions, quantum research labs, and early enterprise customers exploring quantum computing for chemistry simulation, optimization, and quantum machine learning applications. France has positioned itself as a leading European quantum nation with substantial government investment under its National Quantum Strategy, which has benefited Quandela through public funding and procurement. Quandela competes with photonic quantum computing peers PsiQuantum and ORCA Computing, as well as the dominant superconducting and trapped-ion platforms from IBM, Google, IonQ, and Quantinuum.
Key Differentiators
Emerging Innovator
Quandela is an emerging player bringing innovative solutions to the Semiconductors & Hardware market.
Frequently Asked Questions
Estimated Visibility Trend (Beta)
Simulated 8-week rolling score
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