Alice & Bob, a quantum computing company in Paris, successfully raised €100M in its Series B funding round, primarily to focus on developing a fault-tolerant quantum computer by 2030. Led by Future French Champions (FFC), AVP, and Bpifrance, this round saw participation from previous investors and new ones like the European Innovation Council. The funding will enhance their unique cat qubits technology, which minimizes errors and simplifies scaling quantum computers. Investments will also support infrastructure expansion and team growth, vital for reaching their ambitious goal.
"Having established performance records with our cat qubits, Alice & Bob now enters a new phase focused on building a quantum computer that can deliver valuable results."
"Cat qubits are unique, as they make scaling quantum computers practical: where conventional approaches would require millions of qubits, we would need only thousands."
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