Pasqal, a French startup founded by Nobel laureate Alain Aspect, has successfully raised €100 million to advance the development of a neutral atom-based quantum computer.

The race to develop quantum chips is intensifying, with several companies striving to make quantum computing commercially viable by addressing complex problems that classical computers cannot solve.

Quantinuum, formed from the merger of Honeywell Quantum Solutions and Cambridge Quantum, is making strides in trapped-ion quantum technology, particularly focusing on error correction.

EeroQ, based in Illinois, is innovating in quantum chip design using helium and is expanding its headquarters with a $1.1 million investment.

Microsoft has introduced the Majorana chip, utilizing a topological quantum architecture to enhance its quantum computing capabilities.

IBM is scaling its quantum efforts with the Condor chip, which aims to achieve 1,121 qubits, alongside the Heron processor focused on reducing error rates.

Fujitsu and RIKEN recently announced a significant upgrade with their 256-qubit superconducting quantum computer, showcasing advancements in the field.

PsiQuantum is developing a million-qubit machine and recently announced the Omega chipset, backed by substantial investment from BlackRock.

In December 2024, Google unveiled its new quantum chip, Willow, which features advancements in quantum error correction and claims to have implications for parallel universes.

While tech giants like Google and Microsoft lead the quantum computing landscape, numerous startups are also making significant contributions, particularly in connectivity and error correction.

A core challenge in the field remains the creation of chips that can reliably support a large number of qubits, which is essential for effective quantum computation.

Moreover, French startup Alice & Bob raised $104 million in January 2025 to develop a fault-tolerant quantum computer using cat qubits, further highlighting the competitive landscape.