PennyLane
pennylane.ai
Actively hiring
AI Development Tools
Quantum Science & Computing
Machine Learning
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Funding and backers
Total raised
$207.3M
2 rounds on record
Latest round
$189M
Venture round · Jan 2026 · 8 mo ago
Backers
1
TCV
The money's age
Fresh money
8 months since the last round · not hiring
Momentum
20/100
fresh money
Last sign of life
1 mo ago
a posting or a news item
The story so fareach stage dated by its source: the company's releases, the press, registers, filings
Jan 23
Raised a round Venture round $189M · TNW Investors-funding
Jun 9, 2021
Raised a round Venture round $18.3M · YahooFinance
2018
Founded
Tractionpublic signals, read monthly
Web presence
top 0.31%
of 133.2M domains by links, Common Crawl
Hacker News stories
10
best: 62 points
Funding rounds
| Round | Date | Amount | Investors | Source |
|---|---|---|---|---|
| Venture round | Jan 2026 | $189M | — | TNW Investors-funding |
| Venture round | Jun 2021 | $18.3M | — | YahooFinance |
Backed byfrom the funds' portfolios and accelerator catalogs
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Overview
PennyLane (Xanadu) is an open-source, cross-platform software library designed for quantum machine learning (QML), quantum chemistry, and hybrid quantum-classical computing, developed by Toronto-based quantum photonics company Xanadu. Introduced in 2018, PennyLane integrates quantum computing hardware (such as photonic, superconducting, and trapped-ion processors) with classical machine learning frameworks like PyTorch, TensorFlow, and JAX.
News
French fintech Pennylane raises €175M
Paris fintech Pennylane raises €175M, to expand AI products and scale its financial platform across Europe at a €3.6bn valuation.
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Introducing lattice surgery PennyLane Demos
Learn about lattice surgery for fault tolerant quantum computing with topological codes such as the surface code.
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French fintech Pennylane doubles valuation to $2.2 billion as Alphabet's venture capital arm takes stake
Accounting software startup Pennylane has raised 75 million euros ($83 million) in a new funding round led by Sequoia Capital.
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French fintech Pennylane doubles valuation to $2.2 billion as Alphabet's venture capital arm takes stake
Accounting software startup Pennylane has raised 75 million euros ($83 million) in a new funding round led by Sequoia Capital.
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Report
Material discovery reborn: Applications of quantum computing in quantum dynamics PennyLane Blog
Learn how quantum computing can revolutionize material discovery by enabling simulations of quantum dynamics. This blog post explores a novel quantum algorithm for vibronic dynamics with a case study on designing more efficient solar cells based on single
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Accounting software startup Pennylane becomes France's latest unicorn
Just like clockwork, Pennylane is raising another €40 million ($43 million at today's exchange rate). This new funding round comes after the accounting startup raised €4 million in 2020, €15 million in 2021, another €15 million in 2021 again, €50 million
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Sequoia-backed fintech Pennylane just became a unicorn. Check out the 15-slide pitch deck it used to raise $43 million.
The French startup, founded in 2020, works with SMEs to help simplify and digitize their accounting processes.
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Accounting software startup Pennylane becomes France's latest unicorn
Pennylane, an accounting software startup based in France, just raised another €40 million. Over 120,000 SMEs use Pennylane in France.
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Coding Challenges - PennyLane
Get hands-on experience with quantum computing in PennyLane - from quantum chemistry to quantum machine learning - using our exclusive coding challenges
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PennyLane v0.32 released PennyLane Blog
PennyLane v0.32 is out, with features including interactive datasets, block-encoding operations, detailed logging functionality, qubit resetting, and more.
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Offices
Where the company hires and what each office is for
Cities
1
Hiring now
0
Countries
1
Toronto
Canada
HQ