C12, a French spin-off of the Physics Laboratory of the École Normale Supérieure in Paris, has successfully secured €18M in its latest funding round, propelling its development of carbon nanotube-based universal quantum computers. This significant investment, led by Varsity Capital along with EIC Fund and Verve Ventures, aims to accelerate C12's research and development efforts towards achieving high-fidelity quantum operations between two distant spin qubits interconnected by a communication bus.
Pioneering Quantum Computing Development
The new round of financing positions C12 to further its mission of designing and building a large-scale, fault-tolerant quantum computer. With a unique focus on the high quality of its qubits, the company is set to play a leading role in the evolution of quantum computing as a new technological frontier.
Key Milestones and Ambitious Goals
C12's commitment to innovation and advancement is echoed by Matthieu Desjardins, CTO and co-founder of the company, who emphasized the significance of achieving long-distance entanglement between qubits as a major leap forward in quantum technology. The company's ambition, as articulated by Pierre Desjardins, CEO and co-founder, remains steadfast: to become one of the leaders in quantum computing.
Industry Recognition and Support
The latest funding round adds to the momentum generated by C12's previous achievements, including the inauguration of the Quantum Fab, the first production line for quantum processors in central Paris. This milestone, coupled with the company's demonstration of a reduction in sources of noise affecting qubit quality, has garnered support and recognition from prominent investors, further solidifying C12's position in the quantum computing landscape.
Future Prospects and Collaborative Initiatives
C12's selection for the Proqcima program, which aims to produce two French-designed prototypes of universal quantum computers by 2032, underscores the company's commitment to driving technological breakthroughs and strengthening its position as a significant force in quantum space. The company's distinct approach, leveraging carbon nanotubes, holds the potential to revolutionize quantum computing, as emphasized by industry experts and investors alike.
About C12 and Its Vision
Driven by a powerful ambition to develop the next generation quantum computer, C12 is at the forefront of disruptive technology development with its unique approach using carbon nanotubes. The company's progress and vision for the future position it as a key player in the transformative quantum computing landscape, offering unparalleled potential for advancements in computational capabilities and technological innovation.
