Alice & Bob is now a global frontrunner in the race for fault-tolerant quantumcomputing. The firm announced a fundraising of €100 million in its Series B fundinground, led by Future French Champions (FFC), AVP (AXA Venture Partners) and Bpifrance. FFC is a partnership between QIA and Bpifrance.
The funding accelerates Alice & Bob’s path to build the world’s first useful quantum computer by 2030.
“Having established performance records with our cat qubits, Alice & Bob now enters a new phase focused on building a quantum computer that can deliver valuableresults,” said Théau Peronnin, CEO of Alice & Bob. “Cat qubits are unique, as theymake scaling quantum computers practical: where conventional approaches wouldrequire millions of qubits, we would need only thousands.”
At the center of cat qubits’ hardware-efficiency is the inherent suppression of bit-flip errors, one of the two types of errors that plague quantum computers. This property is keyto enabling more efficient architectures for Fault-Tolerant Quantum Computers(FTQCs) that resist errors and can be used in real-world applications. Alice & Bob is the only player developing quantum computers exclusively with this type of qubit, which the company has pioneered since its inception in 2020. To learn more about Alice & Bob’s technology, see its recently published white paper and roadmap.
All Series A investors, including Supernova Invest, Elaia, Breega and Bpifrance, returnedfor the Series B round, joined by new institutional investors, FFC, AVP, and the EIC (European Innovation Council), reflecting broad market confidence in Alice & Bob’s approach and future impact.
Alice & Bob will use the funding to enhance the performance of its system, improve error correction, and create its first error-corrected logical qubit. Nearly half of the fundswill be used to finance the ongoing construction of a state-of-the-art lab and production facility, and additional funds will be used to further expand the team, which has doubled in the past year.
Etienne Moreau, Partner at Supernova Invest, explains that “we strengthen our commitment to quantum and to Alice & Bob by participating in this Series B as the company has built a clear roadmap towards the delivery of the first faut- tolerant quantum computer. This funding will propel the company into a new era of computing power, far exceeding existing capacity for generational change in critical applications in energy, healthtech or industry.”
