Alice & Bob Spearheads $104 Million Quantum Leap, Backed by QIA
Deal News | Jan 30, 2025 | Zawya
Alice & Bob, a quantum computing firm based in France and Boston, has secured $104 million in a Series B funding round. The capital injection was led by the Qatar Investment Authority and Bpifrance alongside contributions from both existing and new investors. The funds will be allocated to enhance the company's ambitions of creating the first useful quantum computer by 2030, involving the establishment of a cutting-edge laboratory and production facility, as well as expanding the workforce. Notable investors in this round include Axa Venture Partners and the European Innovation Council. Alice & Bob, renowned for their development of the 'cat qubit' technology, is positioning itself at the forefront of quantum computing innovation.
Sectors
- Quantum Computing
- Investment Management
- Technology
Geography
- Qatar – Qatar is relevant as the Qatar Investment Authority, the primary investor, is based there.
- France – Alice & Bob is a French company, and Bpifrance is a French lender involved in the investment.
- United States – Alice & Bob has operations based in Boston, emphasizing the geographical spread of its activities.
Industry
- Quantum Computing – The article discusses Alice & Bob, a company focused on developing quantum computing technology, particularly their goal of building a useful quantum computer by 2030.
- Investment Management – Qatar Investment Authority and other investors' participation reflects the investment management sector's role in funding and supporting technological advancements.
- Technology – Alice & Bob's development of 'cat qubit' technology and aim to innovate in quantum computing underscores the technological focus of this sector.
Financials
- 104,300,000 – The total amount of Series B funding raised by Alice & Bob.
- 130,000,000 – The total amount of funding raised by Alice & Bob to date.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Alice & Bob | Target company | Company | A quantum computing firm based in Paris and Boston, aiming to build the world's first useful quantum computer. |
| Qatar Investment Authority (QIA) | Investor | Company | The sovereign wealth fund of the State of Qatar, leading the Series B funding round. |
| Bpifrance | Investor | Company | A French lender participating as a co-lead in the investment round. |
| Axa Venture Partners | Investor | Company | A new institutional investor participating in this series of funding. |
| European Innovation Council | Investor | Company | A new institutional investor involved in the funding round. |
| Elaia Partners | Investor | Company | An existing Series A investor continuing to support Alice & Bob. |
| Breega | Investor | Company | An existing Series A investor involved in the investment. |
| Supernova Invest | Investor | Company | An existing investor from the Series A round supporting the latest funding. |
| Thau Peronnin | CEO | Person | CEO of Alice & Bob, commenting on the new phase of the company’s development. |