Qatar Investment Authority Backs French Quantum Firm Alice & Bob in $104 Million Series B

Qatar Investment Authority Backs French Quantum Firm Alice & Bob in $104 Million Series B

By Staff Writer 31 January 2025
Mohammed Saif Al-Sowaidi in traditional white attire and headscarf, posing against a softly blurred background, telling Qatar Investment Authority invests $104m in Alice & Bob.

Mohammed Saif Al-Sowaidi, QIA CEO

Qatar Investment Authority (QIA) has strengthened its position in quantum computing by co-leading a $104 million Series B funding round for Alice & Bob, a French quantum computing company. The investment, made through Future French Champions (FFC), a joint venture between QIA and Bpifrance, will accelerate the company’s development of fault-tolerant quantum computing using its proprietary “cat qubit” technology.

Alice & Bob’s cat qubit approach simplifies quantum hardware and reduces the number of qubits needed for scalability, addressing a major challenge in the field. The funding will support the expansion of the company’s team and the establishment of a new lab and production facility.

QIA’s investment aligns with Qatar’s broader strategy to back deep tech innovations, reinforcing its role in the global quantum computing landscape. The Gulf region continues to prioritize quantum technologies as part of its economic diversification efforts, positioning itself at the forefront of future technological advancements.

Subscribe To Our Newsletter

Stay up to date with the latest news, special reports, videos, infobytes, and features on the region's most notable entrepreneurial ecosystems