Pasqal Reports Cash Boost After Nasdaq Listing
French quantum processor maker Pasqal holds over 312 million euros in cash following its recent Nasdaq listing. The company plans to use the fresh capital to expand its commercial teams and increase production capacity.
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Pasqal raised €312.9 million ($355.8 million) in cash following its Nasdaq debut, funding an aggressive expansion of sales and technical teams. The quantum processor maker in France aims to convert early customer interest into recurring revenue through 2028. The company reported first-half revenue rose 14% to €4.9 million, while operating losses widened to €59.2 million.
