Alice & Bob stands out in the quantum computing landscape due to their unique approach to qubit technology. Their focus is on suppressing bit-flip errors, a critical factor in enhancing the efficiency of quantum hardware. This technological advancement is essential for building Fault-Tolerant Quantum Computers (FTQCs), which are capable of overcoming errors and unlocking the potential for real-world applications. Notably, Alice & Bob is the sole company dedicated to developing quantum computers based exclusively on this specific type of qubit, a technology they have been at the forefront of since their inception in 2020.
The newly secured funding will play a pivotal role in propelling Alice & Bob towards its ambitious objective: constructing the world’s first truly useful quantum computer by 2030. A substantial portion of the investment, nearly half, is earmarked for the establishment of a cutting-edge laboratory and production facility. This infrastructure will be crucial for scaling their operations and advancing their technological capabilities.
François Robinet, Managing Partner at AXA Venture Partners, emphasized AVP’s conviction in the quantum computing sector, stating, “At AVP, we have been closely monitoring the quantum computing space, and we are now convinced that it is transitioning from a phase of pure research and development to an industrial phase, poised to address tangible, real-world use cases. This transition is largely enabled by the groundbreaking technology being developed by Alice & Bob. AXA Venture Partners is proud to support Alice & Bob in their mission to streamline the hardware requirements for creating practical, large-scale quantum computers.”
