Welinq, a Paris-based quantum computing startup, secured $5 million in funding to advance its development of Quantum Memory, a critical component for the Quantum Internet.

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Welinq, a Paris-based quantum computing startup co-founded in 2022, has successfully raised $5 million in a seed funding round to propel its pioneering work on Quantum Memory—an essential technology for enabling the Quantum Internet. The company, led by CEO Tom Darras, who holds a PhD in quantum physics from Sorbonne Université, specializes in addressing the scaling challenges of quantum computing. Alongside the other co-founders, including Julian Laurat, Eleni Diamanti, and Jean Lautier-Gaud, Welinq aims to boost the computational power of quantum processors and facilitate their interconnection, significantly enhancing long-distance quantum information transmission.

Leveraging the funding, Welinq intends to develop advanced solutions for quantum memory and interconnects. The startup's focus on creating robust and high-performance quantum memories is crucial, as these devices are currently deemed the missing hardware necessary for the broader implementation of quantum technologies in various industries. Darras emphasizes the urgency for these solutions to enter the market, aiming to achieve both excellence in performance and a substantial impact on societal advancement.

Industry Overview in France

The quantum computing industry in France is rapidly evolving, supported by governmental initiatives and a strong academic foundation in physics and computer science. France has positioned itself as a leader in the quantum space, driven by significant