Alice & Bob Expands Series B with Investment from NVIDIA’s Venture Arm

Alice & Bob, a pioneer in fault-tolerant quantum computing based in France, announced that it has secured an additional investment from NVentures, the venture capital division of NVIDIA. This capital injection is part of the company's expansion of its Series B funding round, which originally totaled €100 million.

The continued investment underscores the growing confidence in European deep tech and the significance of advancing quantum technologies. Alice & Bob’s efforts center on addressing the critical challenge of fault tolerance in quantum computing, a domain where errors induced by hardware imperfections pose substantial roadblocks.

CEO Théau Peronnin articulated the significance of this partnership, stating, "We’ve been working alongside NVIDIA to connect our cat-qubit architecture with its full accelerated computing ecosystem." This collaboration marks a significant milestone for both companies, as it leverages NVIDIA's resources to enhance the capabilities of Alice & Bob's innovations.

NVIDIA Director of Quantum and CUDA-X Timothy Costa also emphasized the shared vision for hybrid quantum-classical computing, which combines the strengths of both computing paradigms to solve complex real-world problems.

Alice & Bob aims to utilize the funding to accelerate the development of its quantum computing hardware and explore integration with high-performance computing centers globally. The firm has been recognized as one of Europe's leading startups in the quantum sector, benefiting from a strategic position within Europe's sovereign digital infrastructure programs.

This investment comes at a time of heightened governmental and corporate interest in quantum computing, reflecting broader trends in the tech landscape, as nations ramp up investments to bolster their positions in advanced computing solutions. The partnership between Alice & Bob and NVIDIA exemplifies a concerted effort to push quantum technology closer to practical and commercial viability.