AVP backs Alice & Bob

French quantum computing company Alice & Bob raised €100 million in a Series B funding round led by Future French Champions (FFC), AVP ( AXA Venture Partners ), and Bpifrance.

Founded in 2020, Alice & Bob will use the funding to improve system performance, enhance error correction, and develop its first error-corrected logical qubit. Nearly half will go toward building a new lab and production facility, while the rest will support team expansion after a year of growth.

“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.” – Théau Peronnin, CEO of Alice & Bob.