Pasqal is a French quantum computing company that develops and operates neutral-atom quantum processing units (QPUs). The company builds quantum processors using laser-manipulated arrays of individual atoms as qubits to perform computations for optimization, simulation, and cryptography. Pasqal delivers its computing capabilities through direct on-premise hardware deployments and cloud-based access. Its customer base comprises government agencies, national research institutions, and large enterprises, including Aramco. Pasqal generates revenue through hardware sales, cloud access fees, funded research partnerships, and public contracts and grants from French and European institutions. The company's primary costs stem from research and development expenses, particularly compensation for quantum physicists and engineers, alongside the manufacturing and maintenance of specialized hardware components like lasers and cryogenic systems. Pasqal is expanding internationally beyond France into North America, Canada, South Korea, and Saudi Arabia, where it is establishing a regional commercial joint venture.
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