The French company specializing in quantum computing Alice & Bob obtains a new investment of

((Automated translation by Reuters using machine learning and generative AI, please refer to the following disclaimer: https://bit.ly/rtrsauto)) by Dominique Patton

French company Alice & Bob has secured funding from NVentures, the venture capital arm of Nvidia’s NVDA.O, it announced Friday. This funding supports the development of hardware aimed at making quantum computing less error-prone, at a time when interest in the technology is booming.

The company did not provide details on the amount of the investment, which comes just after the Trump administration announced its intention to invest $2 billion in equity stakes in nine companies specializing in quantum computing, as part of a major initiative aimed at ensuring American leadership in this technology emerging.

* Recent technological advances have increased investor interest in the potential of quantum computing to accelerate tasks ranging from drug discovery to financial modeling to cryptography.

* This “massive” increase in investment is driven by the realization that “IT infrastructure is becoming increasingly crucial in our economies,” Theau Peronnin, chief executive of Alice & Bob, told Reuters.

* Alice & Bob, with offices in Paris and Boston, focuses on “cat qubits,” a special type of quantum qubit designed to be more error-resistant than classical qubits, tackling one of the main problems in quantum computing.

* This new investment, which is in addition to a Series B round of 100 million euros raised last year, follows the recent collaboration between Alice & Bob and Nvidia on several projects which allowed the company to demonstrate its talent and technology, said Mr. Peronnin.

* Alice & Bob’s technology makes it possible to build “very compact and very cost-effective” quantum computers, “which really puts us at the front of the race at the moment,” he added.

* The company participates in the French PROQCIMA program, led by the Ministry of the Armed Forces, which aims to have two prototypes of universal quantum computers of French design ready for industrialization by 2032.

* “We hope for a strengthening of this public procurement program,” said Mr. Peronnin, adding that public support for strategic areas “forces companies to keep their commitments and helps create champions.”