Tech
Quantum scale-up Pasqal plans $2B SPAC listing, promises to ‘remain French’
Amid enduring investor appetite for all things quantum, another European company in the space is graduating from the private markets. Just two weeks after Finnish quantum unicorn IQM said it was going public via a merger with a special purpose acquisition company (SPAC), its French rival Pasqal is doing the same.
Accompanied by a separate $200 million private funding round, Pasqal’s SPAC deal will see it merging with Bleichroeder Acquisition Corp II and subsequently being listed on the Nasdaq. The merger values Pasqal at $2 billion, pre-money.
Bleichroeder is backed by Michel Combes, a French telecom veteran who previously headed Vodafone and Alcatel-Lucent, and Andrew Gundlach, an investment advisor.
Pasqal is a full-stack quantum computing company taking on Big Tech. It generates annual revenue in the tens of millions from selling hardware, software, and cloud services to labs and industry partners.
The SPAC deal comes as Pasqal’s North American counterparts, which took a similar route to the public markets, have seen their stocks surge in recent months. U.S. markets offer companies like Pasqal the sort of scale and revenue multiples that are harder to come by at home in Europe, not to mention the cash they need for the long journey to fully realize the potential of quantum computing.
But Pasqal (like IQM) is planning a dual U.S.-European listing. The Nasdaq float is scheduled for this year, and the company will prepare to list on Euronext later in 2026 or 2027.
The dual-listing could be one way Pasqal is trying to reassure its French backers. Bpifrance, France’s public investment bank, is a key shareholder, and will remain active both in Pasqal’s cap table and the company’s board, according to a press release.
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Pasqal stressed that it expects to remain a French legal entity headquartered in Palaiseau, a suburb of Paris that houses a cluster of academic institutions, as well as industrial research centers run by Pasqal’s clients, energy giant EDF and defense company Thales. The quantum computing company also intends to appoint “a new non-executive chair of French nationality” to its board.
An investor presentation from Bleichroeder indicates that Combes will serve as “lead independent director of Pasqal” after the deal closes — though this appointment may not be received completely positively in France.
In 2015, current French President Emmanuel Macron publicly rebuked Combes for stepping down as Alcatel-Lucent’s CEO before a takeover of the ailing Alcatel by Nokia had closed. Combes’ exit package proved so controversial that it was eventually reduced by half.
Combes’ subsequent moves have gone some way toward rehabilitating his reputation in French tech circles. After replacing Marcelo Claure as Sprint’s CEO, he headed SoftBank Group International, where he championed French scale-ups like Swile. But he left that position after only five months amid a wave of departures in 2022.
Pasqal is no stranger to executive reshuffles. Buried in the announcement is the fact that the company’s former executive chairman, Wasiq Bokhari, is now its CEO. And Loïc Henriet, who started off as its CTO, then moved up to a co-CEO role and later on was its sole CEO, is back as CTO again.
Reaffirming its commitment to France may bring more intangible benefits for Pasqal, too. The company is telling taxpayers that its growth will create highly qualified jobs in the country, where it plans to hire 50 people over the next 18 months. Also, not being an American company in the current geopolitical climate has a good chance of opening doors, as French AI lab Mistral AI has found.
But no company can last long without a good product. The race is intense in quantum computing since competing approaches to the tech hold equal promise. IQM, for instance, bets on superconducting qubits, while Pasqal follows the neutral atom path championed by its co-founder, physics Nobel laureate Alain Aspect.
This technical foundation will play a key role for Pasqal, which plans to keep investing heavily in R&D to develop a fault-tolerant quantum computer by the end of the decade. Such advancements will be essential to unlocking applications in areas like drug discovery, healthcare, and cybersecurity.
The SPAC transaction is expected to close in the second half of 2026, and Pasqal expects a pro-forma market capitalization of approximately $2.6 billion, giving the company cash to put toward its goal of doubling production capacity within 24 months.
The $200 million private funding round saw investments from Parkway, Quanta Computer, LG Electronics, and CMA CGM. The company’s backers include the European Innovation Council Fund, Series B lead investor Temasek, Saudi Aramco Entrepreneurship Ventures, and ISAI.
Tech
Spotify will let you edit your Taste Profile to control your recommendations
At the SXSW conference on Friday, Spotify co-CEO Gustav Söderström announced a new feature, launching in beta, that will allow listeners for the first time to review and edit their Taste Profile, the algorithmically generated model of their music preferences.
This Taste Profile is key to Spotify’s recommendations, including personalized playlists like Discover Weekly, Made For You recommendations, and the year-end review known as Spotify Wrapped, among other things.
Starting with Premium listeners initially in New Zealand, Spotify will allow users to see all their listening data in one place in the app, including music, podcasts, and audiobooks. Users will then be able to edit this profile and even fine-tune future recommendations by asking for more or less of a certain vibe. After doing so, the app’s home page will reflect a different set of suggestions.

To access the Taste Profile, users tap on their profile pic, then scroll down. Changes can be made using natural language prompts.
Spotify had previously offered some tools to remove music from your Taste Profile before, but they were not as comprehensive. Instead, users were only able to exclude certain tracks or playlists from their profile. Because of this, and the largely hidden nature of the Taste Profile overall, Spotify users often complained that the app’s recommendations didn’t reflect their interests.

Today, users often share their Spotify account with others, like family members who access their account through a shared smart speaker or smart TV in the living room, for example, or teens who take over in CarPlay while they drive.
Other times, users may listen to music that they don’t want to characterize as their “taste,” like the sleep sounds or quiet tracks they play at night, or music to entertain their kids. Users don’t always remember which tracks or playlists need to be removed, nor do they have time to go back and do so. This can lead to the Taste Profile becoming cluttered with music users don’t like.
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It also significantly impacted, even ruined, many people’s annual Wrapped experience in the app — particularly because of kids’ use of their parents’ Spotify accounts. For years, Spotify users have asked for a fix for this problem.
Spotify says the Taste Profile feature will roll out in the coming weeks in New Zealand before expanding to other markets.
Tech
The wild six weeks for NanoClaw’s creator that led to a deal with Docker
It’s been a whirlwind for NanoClaw creator Gavriel Cohen.
About six weeks ago, he introduced NanoClaw on Hacker News as a tiny, open source, secure alternative to the AI agent-building sensation OpenClaw, after he built it in a weekend coding binge. That post went viral.
“I sat down on the couch in my sweatpants,” Cohen told TechCrunch, “and just basically melted into [it] the whole weekend, probably almost 48 hours straight.”
About three weeks ago, an X post praising NanoClaw from famed AI researcher Andrej Karpathy went viral.
About a week ago, Cohen closed down his AI marketing startup to focus full-time on NanoClaw and launch a company around it called NanoCo. The attention from Hacker News and Karpathy had translated into 22,000 stars on GitHub, 4,600 forks (people building new versions off the project), and over 50 contributors. He’s already added hundreds of updates to his project with hundreds more in the queue.
Now, on Friday, Cohen announced a deal with Docker — the company that essentially invented the container technology NanoClaw is built on, and counts millions of developers and nearly 80,000 enterprise customers — to integrate Docker Sandboxes into NanoClaw.
Scary security of OpenClaw
It all started when Cohen launched an AI marketing startup with his brother, Lazer Cohen, a few months ago. The startup offered marketing services like market research, go-to-market analysis, and blog posts through a small team of people using AI agents.
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The agency started booking customers, and was on track to hit $1 million in annual recurring revenue, the brothers told TechCrunch.
“It was going really well, great traction. I’m a huge believer in that business model of AI-native service companies that have margins and operate like a software company but are actually providing services,” said Cohen, a computer programmer who previously worked for website hosting company Wix.
He had built the agents the startup was using, largely using Claude Code, each designed to do specific tasks. But there was “a piece” missing, he said. The agent could do work when prompted, but the humans couldn’t pre-schedule work, or connect agents to team communication tools like WhatsApp and assign tasks that way. (WhatsApp is to most of the world what Slack is to corporate America.)
Cohen heard about OpenClaw, the popular AI agent tool whose creator now works for OpenAI. Cohen used it to build out those final interfaces, and loved it.
“There was this big aha moment of: This is the piece that connects all of these separate workflows that I’ve been building,” he said and immediately decided, “I want more of them: on R& D, on product, on client management,” one for every task the startup had to handle.
But then OpenClaw scared the bejesus out of him.
In researching a hiccup with performance, he stumbled across a file where the OpenClaw agent had downloaded all of his WhatsApp messages and stored them in plain, unencrypted text on his computer. Not just the work-related messages it was given explicit access to, but all of them, his personal messages too.
OpenClaw has been widely panned as a “security nightmare” because of the way it accesses memory and account permissions. It is difficult to limit its access to data on a machine once it has been installed.
That issue will likely improve over time, given the project’s popularity, but Cohen had another concern: the sheer size of OpenClaw. As he researched security options for it, he saw all the packages that had been bundled into it. It included an “obscure” open source project he himself had written a few months earlier for editing PDFs using a Google image editing model. He had no idea it was there — he wasn’t even actively maintaining that project.
He realized there was no way for him to validate all OpenClaw’s code and its dependencies, which, by some estimates, sprawled across 800,000 lines of code.
So he built his own in just 500 lines of code, intended to be used for his company, and shared it. He based it on Apple’s new container tech, which creates isolated environments that prevent software from accessing any data on a machine beyond what it is explicitly authorized to use.
Going viral
At 4 a.m., a couple of weeks after sharing it on Hacker News, his phone started ringing non-stop. A friend had seen Karpathy’s post and was urging Cohen to wake up and start tweeting, which he did, setting off a public discussion with the well-known AI researcher.
Attention to NanoClaw followed like a landslide. More tweets, YouTube reviews from programmers, and news stories. A domain squatter even snagged a NanoClaw website URL. The correct one is nanoclaw.dev.
Then Oleg Šelajev, a developer who works for Docker reached out. Šelajev saw the buzz and modified NanoClaw to replace Apple’s container technology with Docker’s competing alternative, Sandboxes.
Cohen had no hesitation about pushing out support for Sandboxes as part of the main NanoClaw project. “This is no longer my own personal agent that I’m running on my Mac Mini,” he recalled thinking. “This now has a community around it. There are thousands of people using it. Yeah, I said, I’m going to move over to the standard.”
For all the changes these weeks have brought Cohen and his brother Lazer, now CEO and president of NanoCo, respectively, one area still needs to be figured out: how NanoCo will make money.
NanoClaw is free and open source and, as these things go, the Cohens vow it always will be. They know they would be strung up as villains if they ever betrayed the open source community by changing that. Currently the Cohens are living on a friends-and-family fundraising round, they said.
While they are cautious about announcing their commercial plans — in large part because they haven’t had a chance to fully formulate them — VCs are already calling, they say.
The game plan is to build a fully supported commercial product with services including so-called forward-deployed engineers — specialists embedded directly with client companies to help them build and manage their systems. This will likely focus on assisting companies in building and maintaining secure agents. That is, however, a crowded field growing more crowded by the hour.
But given the giant community of developers that NanoClaw just unlocked with Docker, we’re sure to hear more about this soon.
Pictured above from left to right, Lazer and Gavriel Cohen.
Tech
Travis Kalanick launches a new company called Atoms focused on robotics
Uber founder Travis Kalanick has a new company called Atoms focused on robotics that, according to its website, will operate in the food, mining, and transportation industries.
Kalanick is rolling his existing ghost kitchen company, CloudKitchens, into Atoms. It’s not immediately clear how he plans to tackle mining and transportation. Atoms’ website says it will build a “wheelbase for robots,” and Kalanick said in a live interview with TBPN on Friday that his company will apply this wheelbase to “specialized robots” — not humanoids.
“Humanoids have their place, but there’s a lot of room for specialized robots that do things in an efficient, sort of industrial-scale kind of way, which is sort of where we play,” he said.
To support the mining business, Kalanick said Friday that he’s on the precipice of acquiring Pronto, the autonomous vehicle startup focused on industrial and mining sites that was created by his former Uber colleague, Anthony Levandowski. Kalanick revealed Friday that he is already the “largest investor” in Pronto.
“The industrial thing is sort of like, probably, our main jam,” Kalanick told TBPN. Kalanick demurred on the idea of using Atoms robots to move people, at least in the near-term. “Once you crack movement in the physical world, there’s lots of people who want access to that.”
Earlier Friday The Information reported Kalanick was getting back into self-driving vehicles with “major backing” from Uber, and that he has reportedly told people he “wants to be more aggressive in rolling out self-driving technology than Waymo.” Uber didn’t immediately respond to a request for comment. Atoms’ website makes no mention of Uber. The Information first reported Kalanick was discussing acquiring Pronto.
Last year, Kalanick was said to be interested in buying the U.S. arm of Chinese self-driving vehicle company Pony AI with backing from Uber, though The Information said Friday that those talks ended.
Kalanick resigned from Uber in 2017 after a confluence of crises at the ride-hail company. At the time, the company was plagued by complaints of sexual harassment and discrimination, which sparked an external investigation that resulted in more than 20 employees being fired.
Before that, Kalanick had created a self-driving division at Uber in 2015. Levandowski played a big role in that project after Kalanick lured him away from Google. Uber was ultimately sued by Google for stealing secrets related to its own self-driving car project (which eventually became Waymo). The two companies settled, but Levandowski was criminally charged and sentenced to 18 months in prison for his role in the affair. The engineer received a last-minute pardon from President Trump at the end of his first term.
The company kept working on the project after Kalanick resigned, including after one of its test vehicles struck and killed a pedestrian in 2018. Kalanick’s successor, Dara Khosrowshahi, shuttered and sold the division to autonomous trucking company Aurora in 2020.
In a rare interview in March 2025, Kalanick expressed regret that Uber had abandoned developing its own self-driving cars.
This story has been updated to reflect new information from Atoms’ website and an interview with Kalanick.
