# Alice & Bob

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/alice-bob

- Industry: Hardware
- Headquarters: Paris, France
- Website: www.alice-bob.com
- Total disclosed funding: $139M
- Latest round: Series B (Jan 28, 2025)
- Investors on record: 11

## About

Based in France, Alice & Bob SAS specializes in advanced quantum computing technology, focusing on innovative solutions that enhance computational reliability and performance.Founded in 2020 in Paris, France, Alice & Bob SAS focuses on developing quantum computing technologies. The company was established by Raphaël Lescanne and Théau Peronnin. Since its inception, Alice & Bob has successfully completed 5 deals, culminating in a recent Series B funding round. Théau Peronnin currently serves as the CEO. The company raised EUR 100 million during this latest funding round on January 28, 2025, co-led by Future French Champion, AXA Venture Partners, and Bpifrance, alongside other investors.Alice & Bob specializes in the development of advanced quantum computing technology, with a focus on their flagship product, the Cat Qubit. The Cat Qubit features built-in error correction, addressing decoherence issues that limit quantum computer performance, thus enabling stable and reliable computations. Their solutions cater to a diverse range of users including research institutions, technology firms, and industries aiming to harness quantum computing capabilities for improved processing. Alice & Bob aims to serve global markets, particularly in North America, Europe, and Asia, facilitating applications across sectors such as finance, pharmaceuticals, and artificial intelligence.Alice & Bob generates revenue through partnerships and direct sales of their quantum computing solutions. The company utilizes a subscription-based model, allowing clients to access their quantum computing platforms and services. Revenue stems from collaborative research projects and enterprise-level licenses, providing organizations the ability to integrate Alice & Bob's advanced technologies into their operations. This pricing structure reflects the technology's complexity, with clients entering long-term contracts to ensure continuous development and maintenance of quantum solutions tailored to their needs.Alice & Bob plans to leverage the recent Series B funding of EUR 100 million, raised in January 2025, to further develop its quantum computing products. The company aims to enhance its product offerings with the upcoming launch of innovative quantum solutions, targeting an expansion into North American and Asian markets by 2026.

## Funding rounds

- Series B, Jan 28, 2025, $105M — Elaia Partners, Bpifrance, AXA Venture Partners, Breega, Future French Champion, Supernova Invest, European Innovation Council, Sopra Steria Ventures, Qatar Investment Authority
- Series A, Mar 10, 2022, $29M — Elaia Partners, Bpifrance, Breega, Supernova Invest
- Seed, Nov 20, 2020, $4.1M — Elaia Partners, Acequia Capital, Breega, CNRS Innovation

## Investors

- Elaia Partners (https://capitalatlas.ai/funds/elaia-partners) — Seed, Series A, Series B
- Acequia Capital (https://capitalatlas.ai/funds/acequia-capital) — Seed
- Breega (https://capitalatlas.ai/funds/breega) — Seed, Series A, Series B
- CNRS Innovation — Seed
- Bpifrance — Series A, Series B
- Supernova Invest (https://capitalatlas.ai/funds/supernova-invest) — Series A, Series B
- AXA Venture Partners (https://capitalatlas.ai/funds/axa-venture-partners) — Series B
- Future French Champion — Series B
- European Innovation Council (https://capitalatlas.ai/funds/european-innovation-council) — Series B
- Sopra Steria Ventures (https://capitalatlas.ai/funds/sopra-steria-ventures) — Series B
- Qatar Investment Authority (https://capitalatlas.ai/funds/qatar-investment-authority) — Series B