Alice & Bob has secured $104 million in a Series B funding round, led by the Qatar Investment Authority (QIA) and Bpifrance, to advance the development of Cat Qubit technology and accelerate the realization of fault-tolerant quantum computing.
Cat Qubits reduce hardware complexity, requiring only a few thousand qubits instead of millions, making large-scale quantum computing more realistic and scalable.
Gulf investors, especially Qatar , are increasingly interested in investing in quantum computing and other advanced technologies, in line with economic diversification strategies and supporting future innovations.
“Alice & Bob’s approach to quantum computing represents a clear step towards overcoming current technical challenges,” said Elie Girard , CEO of Alice & Bob ’s board of directors .
“This new funding will enable us to make fundamental advances in quantum computing technology.”
Traditional approaches to quantum computing require millions of qubits to achieve a high level of fault tolerance. However, Alice & Bob ’s Cat Qubit technology reduces the need for this enormous number, greatly simplifying the scaling process.
“Cat Qubit technology makes quantum computing more realistic. While traditional methods require millions of qubits, our technology requires only a few thousand, dramatically reducing the complexity of quantum devices.”
