French quantum firm Pasqal reports revenue jump after US listing

French quantum company Pasqal reported 14% revenue growth in the first half of the year and more than €300m in cash reserves. It went public in the US last month via a merger with SPAC Bleichroeder at a valuation of about $2bn; its current market value is just over $1.5bn.

• Revenue from quantum processing unit services rose 34% year-over-year to €3.9m
• Operating loss for H1 reached nearly €60m
• Pasqal builds neutral-atom quantum computers based on Nobel Prize-winning research by co-founder Alain Aspect
• The company plans to list on Euronext next year