Pasqal Valuation, Funding & Investors

Yitu Technology is a Beijing-headquartered AI company deploying computer vision and machine learning in security, healthcare, and smart cities. Its products include facial recognition systems used in public safety projects across China and intelligent diagnosis tools for medical imaging.

Preferred Networks is a Tokyo-based deep learning company founded in 2014 with a U.S. subsidiary in Burlingame, California. The firm develops AI applications for autonomous driving, robotics, manufacturing optimization, and bio-healthcare, partnering with institutions like RIKEN and corporations including Toyota and FANUC on edge AI frameworks like MN-3.

Odyssey is a company that creates multi-agent simulation frameworks for real-time interaction between human and artificial intelligence participants. These systems rely on reinforcement learning to test game environments and surface edge cases. Organizations apply the simulations to workforce training, defense scenarios, robotics development, and adaptive entertainment systems.

Terminus Group is a Beijing-headquartered AIoT provider building smart city infrastructure worldwide. The company deploys AloT platforms integrating surveillance cameras, edge computing, and robotics for urban management in projects across China, Middle East, and Latin America. Listed on Hong Kong Stock Exchange since 2022, Terminus delivers solutions for safe cities, sustainable development, and intelligent transportation systems used by governments in Dubai and Shenzhen.

Infleqtion is a quantum technology company that builds neutral atom quantum computers, optical atomic clocks, radio-frequency sensors and inertial sensors, together with the Superstaq quantum software platform. It began in Boulder in 2007 as ColdQuanta, founded by University of Colorado physicist Dana Anderson, and adopted the Infleqtion name in November 2022 as it moved from research hardware toward finished commercial products. The company is headquartered in Louisville, Colorado, with offices in Boulder, Chicago, Madison, Melbourne and Oxford. It raised a US$110 million Series B in 2022 and a US$100 million Series C in June 2025 backed by Counterpoint Global, Glynn Capital, S32, SAIC, In-Q-Tel, Breakthrough Victoria and others, with J.P. Morgan as sole placement agent. Its technology is deployed by NASA on the International Space Station, and it reported almost US$30 million of revenue for 2024 with a customer pipeline above US$200 million. Infleqtion trades on the New York Stock Exchange under the ticker INFQ.

Reconova Technologies Co Ltd is an AI company that provides visual AI technologies and products for enterprise clients. It is engaged in the research and development, design and sale of Visual Intelligents, commercial robots and intelligent passage devices. The company's product offerings include visual perception, visual cognition, and visual reasoning solutions applied across sectors including civil aviation, commercial spaces, and driving safety. The majority of the company's revenue is derived from the sale of Intelligent Civil Aviation, which covers the entire passenger journey including check-in, security screening, boarding, and customer service. Geographically, the maximum revenue is generated from the Chinese Mainland.

IonQ Inc sells access to several quantum computers of various qubit capacities and is in the process of researching and developing technologies for quantum computers with increasing computational capabilities. The company currently makes access to its quantum computers available via cloud platforms and also to select customers via its own cloud service. This cloud-based approach enables the broad availability of quantum-computing-as-a-service (QCaaS). The company derives its revenue from its quantum-computing-as-a-service arrangements, consulting services related to co-developing algorithms on company's quantum computing systems and contracts associated with the design, development, and construction of specialized quantum computing systems together with related services.

Mind Robotics is a Tel Aviv-headquartered venture specializing in industrial artificial intelligence and robotics solutions. The company develops AI-driven robotic systems for manufacturing automation, including vision-guided assembly and quality inspection tools. Launched in 2020, it serves sectors like electronics and automotive with deployments in Israel and Europe.

Zelos is a Shenzhen-based autonomous driving company developing Level 4 robotaxi software and hardware for urban mobility in China. The stack includes LiDAR fusion perception, V2X infrastructure, and fleet management for 24/7 operations. Founded in 2019, Zelos operates pilot fleets in Guangzhou serving 10,000 rides monthly via WeChat mini-app bookings.

C3.ai Inc is an enterprise artificial intelligence company. The company provides software-as-a-service applications that enable customers to rapidly develop, deploy, and operate large-scale Enterprise AI applications across any infrastructure. It provides solutions under three divisions, namely, The C3 AI Platform, which is an end-to-end application development and runtime environment for designing, developing, and deploying AI applications; C3 AI Applications, which is a portfolio of pre-built, extensible, industry-specific, and application-specific Enterprise AI applications; and C3 Generative AI, which combines the utility of large language models. Geographically, the company derives revenue from North America, Europe, the Middle East and Africa, Asia Pacific, and the Rest of the World.

Vast is a Long Beach-headquartered space company engineering commercial space stations for low Earth orbit missions. Its Haven-1 outpost, set for 2025 launch via SpaceX Falcon 9, accommodates four crew members with Starlink connectivity and radiation shielding. Vast develops modular architectures supporting artificial gravity via rotation, in-space manufacturing bays, and science payloads, collaborating with NASA under CCSC-2 agreements for private astronaut flights.

Allen Control Systems is an Austin, Texas-based defense technology company that builds autonomous precision weapon systems for counter-drone defense. Its flagship product, Bullfrog, is an AI-powered robotic weapon station that uses computer vision and proprietary control systems to integrate with legacy and modern weapons, including the M240 and M2, for precision targeting against unmanned aerial threats. Founded by former U.S. Navy engineers, the company sells to the U.S. Department of Defense and allied militaries.

Sineva is a Shenzhen-based robotics manufacturer producing transfer robots, test handlers, and intelligent factory automation systems. The company supplies equipment for semiconductor assembly, electronics testing, and service robotics applications in Asia.

Roark Aerospace is a Washington-headquartered developer of autonomous defense systems. Products include drone detection radars, counter-UAS effectors, unmanned ground vehicles, and hyperspectral sensors. The firm deploys drone-for-robot swarms and edge-based C2 platforms for real-time warfare. Roark Aerospace serves US military and allies with persistent surveillance solutions.

Multiverse Computing is a Donostia-San Sebastian software company founded in 2019. It develops quantum and quantum-inspired computing products for optimisation, simulation and artificial-intelligence workloads. Its Singularity platform gives financial institutions, industrial companies, energy businesses and other enterprises access to algorithms that can run across quantum and classical infrastructure. The CompactifAI product compresses large artificial-intelligence models to reduce computing, memory and energy requirements. Customers pay for software subscriptions, licences, implementation and technical services. The company works with hardware providers, research organisations and cloud platforms while expanding in Europe, North America and other markets. Venture funding has supported product engineering, international offices, sales and acquisitions. Clave invested in 2021 and reported completing its exit during 2025.

Narwal Robotics is a Shenzhen-headquartered manufacturer of intelligent cleaning robots featuring vacuuming and mopping capabilities. The company produces models like the Narwal Freo X Ultra and Freo X Plus, which incorporate self-emptying dustbins, auto-washing mop stations, and dirt detection sensors. Narwal Robotics distributes its products across North America, Europe, and Asia through online retailers such as Amazon and its official website. Launched in 2016, the firm expanded its lineup with the T10 robot vacuum-mop hybrid in 2020 and introduced Freo series in 2022 for enhanced edge cleaning and obstacle avoidance.

Neros Technologies is a Maryland-headquartered defense contractor specializing in unmanned aerial systems for military applications. Its flagship Neros Archer FPV drone features BlueUAS certification, electronic warfare resistance, and capacity for 2 kg payloads over 20 km ranges, supporting ISR and loitering munitions roles. Deployed by U.S. Department of Defense units, the company scales production for swarm operations and integrates modular payloads including electro-optical cameras.

Orby is a Tel Aviv-headquartered robotics firm deploying autonomous indoor drones for warehouse inventory management and surveillance. Its fleet scans barcodes, maps layouts in 3D, and tracks assets in facilities up to 100,000 square feet using LiDAR and computer vision. Orby equips retailers like Walmart with space-time analytics dashboards for stock optimization and loss prevention.