Alice & Bob Raise €27 Million ($29.7M USD) in Series A Funding

The funding was led by Elaia, BpiFrance Digital Venture Fund and Supernova Invest with additional participation from Breega. Alice & Bob is a quantum startup located in Paris, France that is developing a fault tolerant quantum computer based upon a superconducting cat qubit approach. They have also announced that their technology has reduced the prevalence of bit-flip errors by a factor of tens of thousands. They indicated that their technology has increased the time between bit-flips from a few milliseconds to 2 minutes. This could be a major advantage for implementing error correction code in the Alice & Bob processors because those codes would only need to correct for phase flips instead of needing to correct both bit-flips and phase-flips that would be required for other machines. This could drastically reduce the number of physical qubits needed to create a logical error corrected qubit. The company currently has a team of 40 and is planning to deliver its first commercial product in 2023. Additional information about the funding is available in a press release that can be accessed here. And additional information about improvements in bit-flip times can be found in a blog entree available here.

March 10, 2022