NVIDIA increases investment in the quantum track: its venture capital NVentures invests in French quantum computing startup Alice & Bob

According to Zhitong Finance APP, the quantum computing sector has welcomed significant financing again. French quantum computing company Alice & Bob announced on Friday that it has received investment from NVentures, the venture capital arm of NVIDIA (NVDA.US). This investment brings its Series B funding total to €100 million, aimed at supporting its roadmap for building large-scale, fault-tolerant quantum computers.

Alice & Bob, headquartered in Paris and Boston, focuses on "cat qubits" technology—a special type of qubit designed to be more fault-tolerant than conventional superconducting qubits, directly addressing one of the core challenges currently faced by quantum computing. The company's CEO, Théau Peronnin, stated, "We have been collaborating with NVIDIA to connect the cat qubit architecture with NVIDIA's complete accelerated computing ecosystem. The investment from NVentures marks a new phase in our collaboration and reinforces the shared view that the future of quantum computing will adopt a hybrid model of quantum and classical computing."

Founded in 2020, Alice & Bob has previously raised approximately €130 million, and with this Series B round, its total funding now reaches about €230 million. The company has been collaborating with NVIDIA on multiple projects since 2024, covering core platforms such as CUDA-Q, cuQuantum, the open-source quantum simulation library Dynamiqs, and NVQLink. Additionally, the company is involved in the PROQCIMA program led by the French Ministry of Defense, aiming to deliver two prototypes of French-designed universal quantum computers by 2032.

This investment occurs against the backdrop of a continued rise in financing within the quantum computing field. Just a day earlier, the U.S. government announced the signing of nine letters of intent under the CHIPS and Science Act, providing slightly over $2 billion in federal incentives to quantum computing companies. Earlier, in September 2025, NVentures had invested in quantum computing leader Quantinuum, participating in a $600 million funding round that valued the latter at $10 billion. Quantinuum has recently formally submitted an IPO application to the U.S. Securities and Exchange Commission, with the market expecting its valuation to exceed $20 billion (approximately 140 billion RMB). If successful, it would become the largest IPO in quantum computing history.

In fact, since 2026, the global quantum computing sector has been experiencing multiple breakthroughs. In terms of technological routes, tech giants are accelerating industrialization from different directions: Google (GOOGL.US) announced in March that it would open limited early access to its 105-qubit Willow processor, inviting researchers worldwide to submit experimental proposals to accelerate commercialization; IBM (IBM.US) clarified its roadmap at CES earlier this year, aiming to achieve "quantum advantage" by 2026 and fault-tolerant quantum computing by 2029, and has released the next-generation Nighthawk processor; Microsoft (MSFT.US) is betting on the topological qubit path, with its Majorana 1 chip embodying the ambition to utilize topological properties for natural interference resistance, directly tackling the challenges of quantum error correction Peronnin pointed out that the investment "surge" stems from the recognition across various sectors of the "increasing importance of computing infrastructure in the economy." Global quantum computing financing data also corroborates this judgment: in 2024, the total global financing for quantum computing reached $2.015 billion, a year-on-year increase of over 30%; in the first half of 2025 alone, leading companies such as PsiQuantum, QuEra, and Multiverse Computing completed significant financing, with the industry's investment and financing scale exceeding $2 billion; IQM Quantum Computers announced earlier that it would go public through a SPAC merger, with a valuation of $1.8 billion, becoming the first European quantum computing company to list on a U.S. exchange