RabindraParis, France – 30th May 2024 – Pasqal, a global leader in neutral-atoms quantum computers, today announced a strategic collaboration with Tech Mahindra, (NSE: TECHM), a leading global provider of technology consulting and digital solutions to enterprises across industries. This collaboration aims to accelerate the development and adoption of quantum solutions across diverse industries globally.
Together, Pasqal and Tech Mahindra will cooperate to develop quantum computing solutions tailored for various sectors. This strategic alliance will focus initially on three main areas:
Empowering Tech Mahindra’s workforce – selected employees will receive comprehensive training in quantum technology focusing on utilizing Pasqal’s QPUs.
Use case identification and development – as part of a collaborative effort, personnel from both organizations will work on identifying and creating high-impact use cases in critical sectors such as Banking, Financial Services, Insurance, Telecommunications, Manufacturing, Environment and Sustainability.
Client education and engagement – educating clients on the vast potential of quantum technology and its practical industry applications, thereby boosting adoption and innovation.
Nikhil Malhotra, Global Head at Makers Lab, Tech Mahindra, said, “The collaboration with Pasqal aligns with our commitment to integrating quantum computing with cutting-edge technological solutions that address complex challenges across industries and help them scale at speed. Together, we aim to empower our customers to harness quantum computing’s capabilities and pioneer groundbreaking solutions in finance, healthcare, sustainability, and beyond.”
The collaboration will work on building use cases, including drug discovery and optimization in pharma, material discovery for manufacturing and other industries, satellite planning for aerospace, complex datasets analysis and complex financial modeling in BFSI, cybersecurity enhancement, and energy consumption optimization in Utilities, to name a few.
“Pasqal is committed to making quantum computing accessible and beneficial to businesses around the world. This alliance with Tech Mahindra will create a strong foundation for real-world quantum applications. Together, we can bridge the gap between cutting-edge laboratory research and industry adoption”, said Loïc Henriet, CO-CEO of Pasqual.
The multiyear collaboration will drive innovation in services and product development while serving as a source of revenue for both Pasqal and Tech Mahindra.
