French Quantum Startup C12 Raises $19.4M to Further Carbon Nanotube Qubit Development
In a development that could help propel the promising yet developing field of quantum computing, Paris-based quantum startup C12 has raised €18 million ($19.4 million) in funding according to a statement released yesterday. Founded in 2020 by twin brothers Pierre and Matthieu Desjardins, C12 is pursuing a novel approach to building quantum computers using carbon nanotubes.
While quantum computing holds immense potential to tackle computationally intensive problems that classical computers struggle with, like simulating complex chemical reactions, building quantum computers able to operate at scale remains a work in progress. C12 believes its unique manufacturing process centered around carbon nanotubes positions it at the forefront of next generation quantum technology.
Speaking with this reporter, CEO Pierre Desjardins outlined how C12’s process could help address challenges faced by other approaches. “By leveraging carbon nanotubes’ exceptional properties at the nanoscale, we aim to develop qubits that operate with low errors,” he said. According to Desjardins, C12’s patented techniques allow precise assembly of nanotubes onto silicon chips at minuscule sizes.
Proceeds from the funding round will support expanding C12’s Paris facility and further maturing its carbon nanotube qubit technology. The company has already produced initial prototype chips and hopes to demonstrate long-distance quantum operations between multiple qubits in the near future.
In the meantime, C12 is working with partners through its quantum simulator platform to advance real-world applications. Chief Technology Officer Matthieu Desjardins, a quantum physics expert, leads these scientific efforts which have focused on optimization problems for the energy and chemical industries.
Backers in the round included Varsity Capital, EIC Fund and Verve Ventures, highlighting confidence in C12’s approach. As both science and business progress, the company aims to cement its role in building the quantum computers of tomorrow. This new round of funding will undoubtedly aid their important work.