Alice and Bob & Cat Qubits 2030

Alice & Bob raises incredible $104M round. A Series B? Are you serious?

This is going to be a fun piece to write. While Europeans countries are falling way behind in Generative AI and startups, in Quantum computing it’s actually a different story! The deal in this article, represents one of the larger rounds for a quantum computing startup in Europe. Bright eyed and bushy tailed let’s go!

• The startup Alice & Bob, founded in 2020, has quickly established itself in the European quantum technology landscape.

If Quantum computing remains something of a holy grail in the world of technology, I like the chances of a European Quantum startup being part of a breakthrough in the 2020s. I’ll take those odds!

Alice & Bob is also the name of a Paris-based startup that focuses on building universal and fault-tolerant quantum computers.

Alice and Bob have a kind of edgy mystique about their brand and it’s pretty cool for a Quantum startup. About a week ago, they announced some major news.

This is a Series B, so $100 million is kind of a lot. Alice & Bob, a Paris-based startup that is a pioneer in the area of cat qubit quantum architecture, has raised €100 million ($104 million).

The company aims to design superior qubits, specifically a type known as "cat qubits," which are believed to be more resilient to errors compared to traditional qubits. This innovation is crucial for advancing quantum computing technology, as error correction is a significant challenge in the field.

If your Series B funding PR includes a video, I’m with you:

The technology developed by Alice & Bob is centered around harnessing the principles of quantum mechanics to create more efficient and powerful computing systems. Their approach involves creating qubits that can maintain their quantum state longer and are less susceptible to environmental disturbances, which is essential for practical quantum computing applications.