Alice & Bob raises $104M, says quantum computers based on cat qubits will be ready by 2030

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Quantum computing remains something of a holy grail in the world of technology: It promises a huge leap in computing power, but only if someone can figure out how to square away the fault rates that prevent any scaling of the tech.

Now, one of the more promising quantum startups in Europe is announcing a big round of funding to help it work toward a solution.

Alice & Bob, a Paris-based startup that is a pioneer in the area of cat qubit quantum architecture, has raised €100 million ($104 million). It plans to use this Series B to continue…



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Alice & Bob raises $104M, says quantum computers based on cat qubits will be ready by 2030


Quantum computing remains something of a holy grail in the world of technology: It promises a huge leap in computing power, but only if someone can figure out how to square away the fault rates that prevent any scaling of the tech.

Now, one of the more promising quantum startups in Europe is announcing a big round of funding to help it work toward a solution.

Alice & Bob, a Paris-based startup that is a pioneer in the area of cat qubit quantum architecture, has raised €100 million ($104 million). It plans to use this Series B to continue…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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