Alice & Bob Raise €27 Million ($29.7M USD) in Series A Funding
dougfinke2023-05-09T13:10:26-07:00The funding was led by Elaia, BpiFrance Digital Venture Fund and Supernova Invest with additional participation from Breega. Alice & Bob is a quantum startup located in Paris, France that is developing a fault tolerant quantum computer based upon a superconducting cat qubit approach. They have also announced that their technology has reduced the prevalence of bit-flip errors by a factor of tens of thousands. They indicated that their technology has increased the time between bit-flips from a few milliseconds to 2 minutes. This could be a major advantage for implementing error correction code in the Alice & Bob processors because [...]