Alice & Bob Receives Strategic Investment from Sopra Steria Ventures

Deal News | Jan 28, 2025 | PR Newswire Cision SOPRA STERIA Ventures

Sopra Steria, a technology giant in Europe, has announced its participation in the Series B funding round of Alice & Bob, a leading quantum computing startup, through its venture arm Sopra Steria Ventures. The primary aim of this investment is to support companies in their quantum transformation, placing Sopra Steria at the forefront of the quantum technology scene. Alice & Bob, known for developing scalable quantum processors with integrated error correction, is at the vanguard of the rapidly growing quantum computing market—a market expected to reach €2.3 billion by 2030. This collaboration between Sopra Steria and Alice & Bob is poised to assist large enterprises in defining their quantum roadmap leading into 2030, allowing them to remain competitive in fast-evolving sectors. Socheat Chhay, the Managing Director of Sopra Steria Ventures, emphasized the transformative potential of quantum computing and expressed confidence in Alice & Bob's visionary approach and top-tier team. This strategic alliance signifies Sopra Steria's commitment to investing in future technologies and partnering with key industry players.

Sectors

  • Technology
  • Venture Capital

Geography

  • France – Sopra Steria is a prominent technology company based in Paris, France.

Industry

  • Technology – This article is focused on the technology sector, particularly in the niche of quantum computing.
  • Venture Capital – Sopra Steria Ventures' participation in the Series B funding round characterizes this as a venture capital investment.

Financials

  • Series B – Sopra Steria Ventures participated in the Series B funding round of Alice & Bob.

Participants

NameRoleTypeDescription
Sopra SteriaInvestorCompanyA leading technology company in Europe investing in quantum computing through Sopra Steria Ventures.
Alice & BobTarget CompanyCompanyA startup specializing in designing scalable quantum processors with integrated error correction.
Sopra Steria VenturesInvesting ArmCompanyThe venture capital arm of Sopra Steria responsible for strategic investments.
Socheat ChhayExecutivePersonManaging Director of Sopra Steria Ventures, involved in the strategic investment decision.