Quantum Market Cap

Quandela

PhotonicPRIVATE — NO IPO ANNOUNCED

Pre-IPO quantum computing company profile · Founded 2017 · Massy, France

Company Facts

Founded2017
HeadquartersMassy, France
TechnologyPhotonic quantum computing
Employees~100
Total raised€75M+

IPO Status

No IPO announced

ExpectedNot announced

Quandela shares are not available on public exchanges. See below for listed alternatives with similar technology.

What Quandela Does

Quandela is France's leading photonic quantum computing company, spun out of the Centre for Nanoscience and Nanotechnology (CNRS). It builds full-stack photonic quantum computers around its high-brightness single-photon sources — a core component it also sells to labs worldwide — and operates cloud-accessible photonic QPUs, with on-premises systems delivered to OVHcloud and European HPC centers.

Quandela is one of five companies in France's €500M PROQCIMA program targeting a 128-logical-qubit fault-tolerant demonstrator by 2030. A partnership with OVHcloud is making its processors available through sovereign European cloud infrastructure.

Technology: Semiconductor quantum-dot single-photon sources; MosaiQ full-stack photonic systems; Perceval open-source photonic framework.
Roadmap: Fault-tolerant photonic demonstrator with 128 logical qubits by 2030 under PROQCIMA; near-term scaling of cloud + on-prem MosaiQ systems.

Quandela Funding History

RoundAmountDateKey InvestorsValuation
Series B€50MNov 2023Serena, EIC Fund, Bpifrance (Large Venture), Omnes—
Series A€15M2021Quantonation, Bpifrance—

Key Milestones

2022First European photonic quantum computer available on the cloud.
Nov 2023€50M Series B — then the largest European photonic quantum round.
Mar 2024Selected for France's PROQCIMA sovereign quantum program.
2026OVHcloud partnership brings Quandela QPUs to sovereign European cloud infrastructure.

How to Get Exposure Today

Xanadu (XNDU) is the closest listed comparable — a photonic pure-play pursuing fault tolerance. Quantum Computing Inc (QUBT) also builds photonic systems.

Quandela Stock FAQ

Can you buy Quandela stock?

No. Quandela is private with no announced IPO. Listed photonic comparables are Xanadu (XNDU) and Quantum Computing Inc (QUBT).

What does Quandela build?

Full-stack photonic quantum computers built around quantum-dot single-photon sources, plus the Perceval software framework. It sells photon sources to labs, cloud access, and on-premises systems.

Is Quandela part of a government program?

Yes — it is one of five companies in France's €500M PROQCIMA program, targeting a fault-tolerant demonstrator with 128 logical qubits by 2030.

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Static profile, updated manually · Last updated 2026-07-01 · Sources: Quandela newsroom ↗