Sopra Steria Backs Quantum Future by Investing in Alice & Bob

Deal News | Jan 29, 2025 | PR Newswire Cision SOPRA STERIA Ventures

Sopra Steria, a major European tech company, has announced its investment through Sopra Steria Ventures in the Series B funding round of Alice & Bob, a pioneering quantum computing startup specializing in integrated error correction. This strategic investment aims to bolster Sopra Steria's leadership in quantum technology by helping corporations transition into the quantum computing era. Alice & Bob's innovative 'Cat-Qubit' technology is seen as a game-changer, aiming to accelerate quantum computing deployment. The collaboration with Alice & Bob is anticipated to help large enterprises establish their quantum roadmaps by 2030, particularly in industries such as aerospace, defense, financial services, transport, and telecommunications. Sopra Steria Ventures, focused on nurturing partnerships with startups, views the partnership as crucial for advancing their clients' technological maturity and competitive position. The deal highlights Sopra Steria's strategic focus on technology sectors like AI, blockchain, and cybersecurity, and is part of their broader mission to drive digital transformation and innovation for clients across Europe.

Sectors

  • Quantum Computing
  • Technology Investment
  • Strategic Consulting

Geography

  • Europe – Sopra Steria is described as a leading European tech player, and the investment involves activities relevant to European firms and markets.

Industry

  • Quantum Computing – The article focuses on investments in the quantum computing sector, highlighting Alice & Bob's work on quantum processors and Sopra Steria's strategic interest in the technology.
  • Technology Investment – Sopra Steria Ventures’ investment in Alice & Bob reflects trends in technology investment, aiming to support advancements and applications in various sectors.
  • Strategic Consulting – Sopra Steria's broader role involves advising and assisting businesses in tech transitions, making it relevant to the strategic consulting industry.

Financials

  • €250,000 - €1,500,000 – Investment range in startups by Sopra Steria Ventures to enhance technological integration.
  • €5.8 billion – Sopra Steria's revenue for 2023 signaling its economic scale and market presence.

Participants

NameRoleTypeDescription
Sopra SteriaInvestorCompanyA major European technology and consulting firm expanding into quantum computing investments.
Sopra Steria VenturesInvestment ArmCompanyThe investment wing of Sopra Steria managing strategic partnerships and stakes in startups.
Alice & BobTarget CompanyCompanyA startup focused on developing quantum processors with integrated error correction.
Darius SelkeHead of Sopra Steria Ventures GermanyPersonLeads Sopra Steria Ventures initiatives and underscores strategic investment importance.
Socheat ChhayManaging Director of Sopra Steria VenturesPersonOversees Sopra Steria Ventures, asserting trust and commitment to technological innovation.