Philippe St-Jean co-founded Nord Quantique in 2020 with Julien Camirand Lemyre. The company spun out of the Institut quantique at the Universite de Sherbrooke, with Professor Alexandre Blais as scientific co-founder.
Quantonation and Real Ventures backed a pre-seed round in 2020. In February 2022 the company announced a C$9.5 million seed round co-led by Quantonation and the BDC Capital Deep Tech Venture Fund.
The federal government later selected Nord Quantique for the Canadian Quantum Champions Program, with funding of up to C$23 million.
In May 2026 the company raised $30 million from Fidelity, Panache Ventures, Presidio Ventures, Quantacet and existing investors. It competes with Google, IBM, Amazon and Alice and Bob.