‘We are at a systematic disadvantage in Europe’: Pasqal CEO on listing in the US
THE SO WHAT
A European quantum company opting for a US listing is another data point that late-stage capital and liquidity for deep tech still concentrate in US markets. If you’re a European founder in hard tech, you should plan for a dual-track path early—EU grants and ecosystems for R&D, US capital markets for scale.
READ THE SOURCE
MORE FROM THE WIRE
Startups & VentureThe sovereign capital, global chipmakers and serial investors behind Europe’s new unicorns
Sovereign funds and chipmakers showing up on European cap tables means strategic alignment is now as important as growth for late-stage rounds. If you’re building in deep tech or AI infra in Europe, assume your next raise will involve geopolitical questions about supply chains, data, and export controls.
Startups & VentureOver $500m in fresh funding, risks of “French state influence” and a 100x valuation: What Pasqal’s SPAC filings reveal
A $500M+ raise at ~100x valuation via SPAC shows public markets will still underwrite quantum narratives—if they’re packaged with national backing and clear industrial ties. For other frontier-tech founders, the bar is now detailed disclosure on state involvement and commercialization timelines, not just physics milestones.
Startups & VentureOxylabs, which develops web data scraping infrastructure, received a $130M investment at a $3.6B valuation from Warburg Pincus, its first outside investment
A $130M check at a $3.6B valuation into Oxylabs says institutional capital now treats high-scale web scraping as core AI infrastructure, not a gray-area niche. If your product or models depend on scraped data, expect more professionalized, higher-priced infra vendors and more scrutiny on provenance and compliance.
Startups & VentureMercor acquires Deeptune, which builds reinforcement learning environments for AI agents, three months after CEO Brendan Foody backed Deeptune's $43M Series A
Mercor buying Deeptune just three months after backing its $43 million Series A shows how fast agent ecosystems are consolidating around training environments. If you’re betting on agents, the moat may be in proprietary sims and task environments, not just orchestration code.