Jan 28, 04:00 PM

Alice & Bob Raises €100 Million in Series B to Develop Error-Resistant Quantum Computer Using Cat Qubit Architecture by 2030

French startup Alice & Bob has raised €100 million in a Series B funding round to develop the world's first error-resistant quantum computer, expected to be ready by 2030. The company, which specializes in cat qubit quantum architecture, previously secured €27 million in a Series A round in 2022. The latest funding round saw participation from existing investors including Bpifrance, Axa Venture Partners, and the Qatari sovereign fund, as well as new backing from the European Innovation Council. Alice & Bob aims to enhance the stability of its quantum devices before moving into commercialization.

#Bpifrance #Axa Venture Partners #Qatari #European Innovation Council

Written with ChatGPT (GPT-4o mini).

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Sifted@Siftedeu
1 year ago
The startup, launched in 2020, is focusing on improving its devices before it enters a commercialisation phase. #QuantumComputing #StartupEurope https://t.co/QIPR2LW90L
Markets Today@marketsday
1 year ago
SoftBank and Quantinuum announce partnership toward practical application of Quantum Computing.
Tech Funding News@TFNBreakingNews
1 year ago
🚀 @_aliceandbob secures €100M to build the world’s first error-free #quantum computer! ⚛️💡 https://t.co/YV9UBpr5aB All Series A investors (@Elaia_Partners, @BreegaVC, @SupernovaInvest) doubled down, with new backing from @EUeic. 🔥 Is this the breakthrough that takes quantum…

Alice & Bob Raises €100 Million in Series B to Develop Error-Resistant Quantum Computer Using Cat Qubit Architecture by 2030

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