Viqthor Secures First Financing Round

Insider Brief

PRESS RELEASE — The quantum industry is poised for transformation, and Viqthor is at the forefront, having recently secured its first round of financing from notable investors including iXcore (Hervé Arditty), Kima Ventures, Apok Capital, Better Angle, Bpifrance, as well as Ludovic Perret, a leading expert in quantum communications. These investors are drawn to Viqthor’s potential to bridge the crucial gap between traditional computers and quantum chips, a pivotal step in quantum evolution.

Viqthor’s approach is unique. Led by Guillaume de Giovanni, an electronics expert whose previous company developed cutting-edge electronic hardware for aerospace giants (before being acquired by Airbus), the company stands out with its noise cancellation techniques, multiplexing, and integration of photonics into cryostat wiring, demonstrating readiness for scalability.

With quantum technology investment hitting a record $2.35 billion last year, interest in the sector is higher than ever. As quantum computing enters its “growth phase,” Viqthor represents the kind of company investors are eager to support – poised to evolve with a strong team and proven progress in critical areas like multiplexing and photonics.

The quantum industry’s growth phase, heralded by Viqthor’s advancements, is attracting talent and creating a landscape where Europe aims to establish itself as a quantum leader. Ahead of a planned Series A round in late 2024, this initial funding round will enable Viqthor to develop its first prototypes in partnership with quantum computer manufacturers. As quantum computing promises to unlock new possibilities in industries ranging from automotive to life sciences, companies like Viqthor play a crucial role in ensuring that France remains sovereign and at the forefront of this technological revolution, in line with the PROQCIMA quantum program announced by the government in March 2024.

CFI Athema appears as a key player in deeptech operations, particularly in photonics and quantum, as evidenced by their role in the sale of iXblue to the Gorgé Group, the acquisition of Muquans by iXblue, and the funding round of Viqthor. The recruitments of Henri Porte, former Director of Photonics Strategy at iXBlue, as Senior Advisor, and Alexis Dubil as Technology Sector Director, underline CFI’s commitment to shaping the future of the sector.

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