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

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Paris -based Alice&Bob has raised $104 million in funding for a quantum computing startup.

The startup is building a "fault tolerant" quantum computer based on cat qubits.

The first “useful” quantum computer will be available by 2030 , CEO Théau Peronnin says.

The investment is co-led by Future French Champions , AVP and Bpifrance .

Reality is at the core of our debate about quantum in the investment industry,” Francois Robinet, a partner at AVP , said in an interview.

He said that while he has been watching Alice&Bob for years , AVP hadn’t wanted to invest before “because it was just R&D” like many others.