Bleichroeder Acquisition Corp. II's Business Combination Partner Pasqal Inks Agreement With Eleven Ventures To Form Commercial JV For Deployment, Commercialization, Scale Of Pasqal's Quantum Computing Systems Across Saudi Arabia

Bleichroeder Acquisition Corp. II Class A

Bleichroeder Acquisition Corp. II Class A

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Pasqal, a global leader in neutral-atom quantum computing, and Eleven Ventures, a Kingdom of Saudi Arabia based investment platform and venture capital firm, today announced an agreement to establish a commercial joint venture to deploy, commercialize and scale Pasqal's quantum computing systems across the Kingdom of Saudi Arabia (the "Kingdom") and the region, with plans to deploy multiple quantum systems in the coming years. The venture is designed to advance the Kingdom's Vision 2030 ambitions in artificial intelligence and advanced computing, and to position the Kingdom as a regional hub for quantum technology.

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