oakland calif parisbased quantum computer startup pasqal on tuesday said it had raised 100 million euros 109 million and aims to deliver major commercial advantages over classical computers by next year using the fresh fundsthe investment is the biggest private funding round for a quantum computer startup in europe according to georgesolivier reymond ceo and cofounder of pasqal it comes as the stock price collapse of three new yorklisted quantum computer makers ionq inc rigetti computing and dwave quantum has made funding for the sector challengingas the other companies will probably struggle to find cash and so forth maybe its a good opportunity for us to take the talents that are available reymond told reuters adding that pasqal planned to double its headcount to about 200 this yearpasqal recently sold two quantum computers to france and germany for highperformance computing centers and alain aspect one of pasqals founders won the 2022 nobel prize in physics for experiments in quantum mechanics that laid the groundwork for quantum computingscientists expect quantum computers could one day make certain calculations millions of times faster than the fastest super computers todayfor now reymond said the companys quantum computer was able to solve complex financial optimization problems as accurately as classical computers and hopes it will show an advantage soonwhen we release the next generation of devices with hundreds of qubits hopefully 1000 showcasing a true quantum advantage with this technology that will be the inflection point in revenue he said about when revenue could acceleratethe number of qubits or quantum bits is an indication of the power of the quantum computer pasqals most recent computer has 350 qubitsthe funding round was led by new investor temasek singapores stateowned investment firm other new investors include the european innovation council eic fund saudi aramcos waed ventures and bpifrance