Website: [alice-bob.com](https://alice-bob.com) ### Introduction Alice & Bob, a Paris-based quantum computing startup, was founded in 2020 by Théau Peronnin and Raphaël Lescanne. The company is headquartered in Paris, France, and has grown significantly since its inception, with a LinkedIn following of over 22,000 and plans to nearly double its workforce to approximately 100 employees by mid-2026. Their mission is to build the first universal, fault-tolerant quantum computer, leveraging innovative technology to drastically reduce hardware requirements and enable scalable quantum computing solutions. This ambitious goal positions Alice & Bob as a key player in the quantum computing sector, addressing one of humanity's most pressing technological challenges. As a private company, Alice & Bob does not have a public ticker symbol and operates with backing from a mix of venture capital and public investment. Their focus on error-corrected quantum systems, specifically through their proprietary "cat qubit" technology, has garnered significant attention in the tech and investment communities, establishing them as a leader in the race to achieve practical quantum computing applications ([Alice & Bob LinkedIn](https://www.linkedin.com/company/alice-bob)). ### Key Products and Technology Alice & Bob is developing cutting-edge quantum computing technology with a focus on fault-tolerant systems. Their primary innovations include: - **Cat Qubits (Quantum Bit Technology)** - **Type**: Superconducting qubit designed for error correction by design. - **Technical Specifications**: Cat qubits aim to reduce hardware requirements by up to 200 times compared to other quantum computing platforms, enhancing scalability for fault-tolerant computing. Specific performance metrics like coherence times or gate fidelities are not publicly detailed in recent sources. - **Fuel Type or Energy Source**: Operates on electrical power for superconducting systems, requiring cryogenic cooling to near-absolute zero temperatures. - **Key Differentiators**: Unlike traditional qubit approaches, cat qubits are inherently error-corrected, minimizing the need for additional error correction hardware and potentially accelerating the path to practical quantum computers. - **Development Stage**: In active development, with a roadmap targeting the world’s first useful quantum computer by 2030. Currently in the research and prototyping phase, with no commercial deployment yet. - **Target Customers**: Industries requiring high-performance computing, such as cryptography, pharmaceuticals (molecule discovery), and financial modeling, as well as government and academic research institutions ([TechCrunch](https://techcrunch.com/2025/01/28/alicebob-raises-104m-says-quantum-computers-based-on-cat-qubits-will-be-ready-by-2030/)). Alice & Bob’s technology is still in the R&D stage, and while specific technical details remain limited in public disclosures, their approach is considered a breakthrough in reducing the complexity of quantum systems. ### Regulatory and Licensing Status As a quantum computing company, Alice & Bob is not subject to nuclear-specific regulatory oversight like the Nuclear Regulatory Commission (NRC) in the United States, which is typically relevant for energy infrastructure companies. Instead, their regulatory landscape involves compliance with technology export controls, intellectual property protections, and potential data security regulations, particularly in the European Union. There are no specific regulatory milestones or licensing statuses reported for their quantum technology in recent public data, as the field is still emerging and lacks standardized regulatory frameworks. The estimated timeline for their first commercial deployment is set for 2030, as announced in conjunction with their latest funding round. This timeline aligns with their goal of delivering a fault-tolerant quantum computer, though it remains speculative and dependent on technological breakthroughs and market readiness ([EU-Startups](https://www.eu-startups.com/2025/01/alice-bob-close-e100-million-round-to-fund-worlds-first-quantum-computer-by-2030/)). ### Team and Leadership Alice & Bob’s leadership team combines deep expertise in quantum physics and technology commercialization. Key figures include: - **Théau Peronnin (CEO and Co-Founder)**: A quantum physicist with a background in superconducting qubits, Peronnin drives the strategic vision to build a universal quantum computer. - **Raphaël Lescanne (CTO and Co-Founder)**: Also a quantum physicist, Lescanne focuses on the technical development of cat qubit technology, leveraging his research expertise to innovate in error correction. Specific social media handles for the leadership team are not publicly verified or widely available in the searched data, and thus are omitted. The company is actively expanding its team, with plans to hire 100 additional employees by mid-2026 to support its quantum computing roadmap ([EE Times Europe](https://www.eetimes.eu/alice-bob-ramps-up-hiring-to-advance-quantum-computing-roadmap/)). ### Funding and Financial Position Alice & Bob has secured significant financial backing to support its ambitious goals. Key funding details include: - **Total Funding Raised**: Over €127 million across multiple rounds. - **Latest Round**: Series B, announced in January 2025, raising €100 million (approximately $104 million), led by Future French Champions (FFC), AVP (Axa Venture Partners), and Bpifrance. Previous Series A investors, including Elaia Partners, Breega, Supernova Invest, and Bpifrance, reinvested, alongside public investors like the European Innovation Council (EIC) and the Île-de-France region. - **Key Institutional Investors**: Future French Champions, AVP, Bpifrance, Elaia Partners, and the European Innovation Council. Strategic backing also includes contributions from Qatar, as reported in recent news ([Zawya](https://www.zawya.com/en/business/investment/qatar-backs-104mln-funding-in-quantum-computing-firm-alice-and-bob-j03i7fih)). - **Revenue Status**: Pre-revenue, as the company is focused on R&D and has not yet reached commercial deployment or secured contracts for operational quantum systems ([Maddyness UK](https://www.maddyness.com/uk/2025/01/29/quantum-computing-alice-bob-secures-e100m-series-b-funding/)). ### Recent News and Developments | Date | Event | Details | |---------------|------------------------------------|---------------------------------------------------------------------------------------------------| | Oct 8, 2025 | Workforce Expansion Announcement | Plans to hire 100 employees by mid-2026 to advance quantum computing roadmap ([EE Times Europe](https://www.eetimes.eu/alice-bob-ramps-up-hiring-to-advance-quantum-computing-roadmap/)). | | Jan 30, 2025 | Qatar Investment Backing | Qatar joins €100M Series B funding round to support quantum computer development by 2030 ([Zawya](https://www.zawya.com/en/business/investment/qatar-backs-104mln-funding-in-quantum-computing-firm-alice-and-bob-j03i7fih)). | | Jan 29, 2025 | Series B Funding Announcement | Secured €100M in Series B funding to build the world’s first quantum computer by 2030 ([EU-Startups](https://www.eu-startups.com/2025/01/alice-bob-close-e100-million-round-to-fund-worlds-first-quantum-computer-by-2030/)). | | Jan 28, 2025 | Funding and Roadmap Update | Confirmed $104M raise and reiterated goal of quantum computer readiness by 2030 ([TechCrunch](https://techcrunch.com/2025/01/28/alicebob-raises-104m-says-quantum-computers-based-on-cat-qubits-will-be-ready-by-2030/)). | | Jan, 2025 | Recognition in Quantum Ecosystem | Highlighted as a leading player in the French quantum computing ecosystem with significant funding support ([Maddyness UK](https://www.maddyness.com/uk/2025/01/29/quantum-computing-alice-bob-secures-e100m-series-b-funding/)). | ### Partnerships and Collaborations Specific partnerships for Alice & Bob are not extensively detailed in the most recent public data. However, their funding rounds involve strategic investors like the European Innovation Council and regional public entities such as Île-de-France, suggesting alignment with broader European technology and innovation initiatives. These relationships provide not only financial support but also potential access to research networks and policy influence in the quantum computing space. There are no publicly reported utility agreements, offtake contracts, or direct technology partnerships with industry players mentioned in the latest information. The company’s focus appears to be on internal R&D and scaling its team, which may precede formal commercial collaborations. ### New Hampshire Relevance Alice & Bob’s quantum computing technology, while not directly tied to traditional energy infrastructure like [[Seabrook Station]] or the ISO-NE grid, holds potential relevance for [[New Hampshire]] in the context of compute infrastructure and energy-intensive data center applications. Quantum computing could address future high-performance computing needs for data centers in the Northeast US, where energy efficiency and grid reliability are critical. However, several factors limit immediate applicability: - **Proximity to Infrastructure**: As a Paris-based company, Alice & Bob has no direct physical presence or expressed interest in New Hampshire or the Northeast US. Deployment would likely require partnerships with US-based entities or data center operators. - **Technology Readiness**: With a target deployment timeline of 2030, their technology is not ready for near-term implementation in NH, missing alignment with shorter-term legislative initiatives like HB 710 or SMR provisions focused on energy solutions. - **Alignment with NH Initiatives**: Quantum computing does not directly align with NH’s current energy-focused legislative priorities, though it could support long-term goals for innovation in grid management or data processing if integrated into regional tech ecosystems. - **Potential Applications**: Potential use cases in NH could include powering advanced simulations for grid optimization or supporting data center loads with energy-efficient quantum systems, though these remain speculative at this stage. - **Existing Connections**: No specific connections or interest in NH or the Northeast US are documented in available data. Alice & Bob’s relevance to NH is thus long-term and contingent on their technology maturing and establishing a US presence or partnerships. ### Competitive Position Alice & Bob operates in a highly competitive quantum computing landscape. Compared to peers like [[IBM]] Quantum and [[[[Google Quantum AI]]]], Alice & Bob’s focus on cat qubits offers a unique advantage in reducing hardware overhead for error correction, potentially accelerating scalability. [[IBM]] Quantum, with its extensive qubit count and cloud-based quantum services, targets near-term applications through hybrid quantum-classical systems, whereas Alice & Bob prioritizes long-term fault-tolerant systems. Similarly, QuEra, another competitor with a recent $230M funding round as noted in posts on X, leverages neutral atom qubits for scalable architectures, posing a direct challenge to Alice & Bob’s superconducting approach. A key risk for Alice & Bob is the speculative 2030 timeline, which may lag behind competitors achieving earlier practical applications. Their advantage lies in the potential cost and efficiency gains of cat qubits, though this remains unproven at scale. ### Closing Note Alice & Bob is at an early but promising stage, with significant funding and a clear trajectory toward building a fault-tolerant quantum computer by 2030, positioning them as a notable contender in the quantum computing race. *Report generated December 24, 2025*