Alice&Bob raised €27 million series A led by Elaia, Bpifrance and Supernova Invest.

Alice&Bob, a Paris, France-based producer of quantum computing technology, announced that it raised €27 million ($29.7m) in series A equity financing.

The money was raised from investors co-led by Elaia, Bpifrance (by way of its Digital Venture fund), and Supernova Invest, joind by existing shareholders from Breega.

Alice&Bob, founded in 2020 by Raphaël Lescanne and Théau Péronnin as a spinout from French academia, is building quantum computer processors as a mean to developing a large-scale, fault tolerant quantum computer. The company says it expects to launch a product sometimes in 2023 - it previously raised €3 million back in 2020.