Alice & Bob, a company developing fault-tolerant quantum computers, announced the closure of a €100 million ($104.9 million USD) Series B funding round, led by Future French Champions (FFC), AVP, and Bpifrance. The funding aims to advance Alice & Bob’s mission of building the world’s first useful quantum computer by 2030.
Alice & Bob’s proprietary “cat qubit” technology suppresses bit-flip errors, enabling scalable quantum computing with significantly reduced hardware requirements. This innovation allows the company to achieve fault tolerance with only thousands of qubits instead of the millions needed by other approaches. Funds will support the development of the first error-corrected logical qubit, enhance error correction capabilities, and expand the team and facilities, including a state-of-the-art lab and production site.
Existing investors Elaia Partners, Breega, and Supernova Invest, along with the European Innovation Council (EIC) participated in the round alongside new backers. Alice & Bob’s CEO, Théau Peronnin, stated, “Cat qubits make scaling quantum computers practical, moving us closer to enterprise-grade systems capable of solving real-world problems.”
For more details, visit the press release posted on Alice & Bob’s website here.
January 28, 2025
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