BTQ Technologies Corp., a global quantum technology company focused on securing mission-critical networks, has signed a non-binding term sheet to invest €2m in QPerfect, a neutral atom quantum computing company based in Strasbourg.
The investment is part of BTQ’s quest to build a global quantum ecosystem and accelerate the development of secure, real-world quantum applications. The proposed investment, based on a pre-money valuation of €10m, would grant BTQ a 16.67% equity stake in QPerfect, with the option to acquire full ownership within 12 months.
QPerfect, founded in 2023, specializes in quantum computing and quantum design automation in particular with neutral atom quantum technology. The company provides powerful technology to enable researchers, developers, and manufacturers to realize the full potential of quantum computers, unlocking industry-transforming applications. Its flagship product, MIMIQ, is a cutting-edge platform that executes quantum algorithms with high speed, accuracy, and flexibility, surpassing existing quantum simulators and current quantum computers. The platform is extensively benchmarked and tested, making it a leading emulation platform for designing, testing, and optimizing large-scale quantum algorithms.
“We are thrilled to partner with QPerfect as part of our mission to secure the future of digital communications and create applications with quantum advantage,” said Olivier Roussy Newton, CEO of BTQ Technologies.
“QPerfect brings world-class scientific expertise and quantum software development capabilities that complement BTQ’s strengths in post-quantum cryptography and hardware acceleration.”
“This partnership with BTQ reinforces our mission to make quantum computing practical and will accelerate our Quantum Logical Unit roadmap toward scalable and secure real-world applications,” said Philippe Blot, CEO of QPerfect.
Subject to completion of due diligence and execution of definitive agreements, the investment will support QPerfect’s development roadmap and expansion plans. The term sheet also outlines customary governance rights for BTQ, including board representation, information rights, and anti-dilution protections.
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