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Quantum Startup Alice & Bob Secures €100 Million Funding

1/28/2025

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Summary

Story summary

Alice & Bob, a pioneering quantum computing startup in Paris, has secured an impressive €100 million ($104 million) in Series B funding, spearheaded by Future French Champions, AVP, and Bpifrance. This significant investment will propel the creation of their groundbreaking fault-tolerant quantum computer using innovative "cat qubits" technology, with aspirations for a practical model by 2030.

History

Historical Context

Alice & Bob's recent €100 million funding highlights a growing trend in quantum computing, reminiscent of the tech boom in the late 1990s. Back then, significant investments fueled advancements in internet technologies. Similarly, the pursuit of quantum computing aims to revolutionize data processing and security, reflecting a historical pattern where substantial venture capital drives groundbreaking innovations in technology.

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Story summary

Alice & Bob, a pioneering quantum computing startup in Paris, has secured an impressive €100 million ($104 million) in Series B funding, spearheaded by Future French Champions, AVP, and Bpifrance. This significant investment will propel the creation of their groundbreaking fault-tolerant quantum computer using innovative "cat qubits" technology, with aspirations for a practical model by 2030.

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