–
- French quantum computing company Alice & Bob has raised €100 million (about $104 million) in a Series B funding round.
- Cat qubits technology reduces hardware complexity and makes large-scale quantum computing more feasible and scalable.
- The French company will use the new funding to further develop its quantum computing platform.
Alice & Bob, a quantum computing company, has raised $104 million in Series B funding. Qatar Investment Authority (QIA) and Bpifrance led this round intending to advance Alice & Bob’s proprietary cat qubit technology.
A New Approach to Quantum Computing
Cat qubits technology requires only thousands of qubits instead of millions. It makes large-scale quantum computing more feasible and scalable and reduces hardware complexity. This funding will accelerate Alice & Bob’s efforts to build the world’s first quantum computer by 2030.
The company will use this funding to improve its error correction system and create the first error-correcting logical qubit. Alice & Bob’s cat qubits simplify the hardware while maintaining the necessary performance levels.
Théau Peronnin, CEO of Alice & Bob, emphasized that their cat qubits represent a shift in how quantum computers can be built and scaled.
Expanding the Company’s Impact
Gulf investors, especially Qatar, are increasing investments in quantum computing and other advanced technologies. This aligns with economic diversification strategies and supports next-generation innovations.
Qatar Investment Authority (QIA) is a sovereign wealth fund and one of the largest sovereign wealth funds in the world. Its investments include a diverse range of assets around the world, covering sectors like energy, real estate, technology, and financial markets.
Nearly half of the funds will be used to fund the ongoing construction of a state-of-the-art laboratory and production facility, and additional funds will be used to expand the team.
If you see something out of place or would like to contribute to this story, check out our Ethics and Policy section.