Close Menu
Dailyza | Tech, Investments, Business & World News
  • Startups
  • Venture Capital
  • World
  • Economy
  • Politics
  • Science
  • Technology
  • Travel
  • Culture
Facebook X (Twitter) Instagram
Trending
  • SpaceX Valuation: Wall Street Giants Disagree by $132B
  • Legora Opens London Hub as Legal AI Demand Surges
  • World Fund Berlin: Deep-Tech Founders Push for Sovereignty
  • fonio.ai Secures $17M Funding From 20VC at $140M Valuation
  • Databricks Eyes $175B Valuation After $5.4B Revenue
  • Nebius Invests £1.7B in UK NVIDIA AI Deployments
  • ICEYE Secures €450M Series F to Hit €10B Valuation
  • Pitchdrive Closes €60M Fund to Back European AI Startups
Dailyza | Tech, Investments, Business & World NewsDailyza | Tech, Investments, Business & World News
Friday, June 12
  • Startups
  • Venture Capital
  • World
  • Economy
  • Politics
  • Science
  • Technology
  • Travel
  • Culture
Dailyza | Tech, Investments, Business & World News
Home»Venture Capital
Alice & Bob wins €3.4M ARPA-E grant for quantum magnets

Alice & Bob wins €3.4M ARPA-E grant for quantum magnets

1 April 2026Updated:3 April 2026 Venture Capital No Comments2 Mins Read
Share
Facebook Twitter LinkedIn Pinterest Email

Alice & Bob lands major ARPA-E funding for next-gen magnets

French quantum startup Alice & Bob has secured a €3.4 million award from the U.S. Department of Energy’s Advanced Research Projects Agency-Energy (ARPA-E) to accelerate the discovery of rare-earth-free permanent magnets using advanced quantum computing techniques.

Tackling the rare-earth dependency in critical materials

Permanent magnets are essential components in electric vehicles, wind turbines, consumer electronics and a wide range of industrial systems. Today, many of the highest-performance magnets rely on rare earth elements, a supply chain dominated by a small number of producing countries and exposed to price volatility, export controls and geopolitical risk.

By applying quantum algorithms to materials design, Alice & Bob aims to identify new magnetic compounds that match or outperform current rare-earth-based solutions, but use more abundant and sustainable elements. This approach could dramatically reduce the time and cost of materials discovery compared with traditional trial-and-error laboratory methods.

Quantum computing as a materials discovery engine

The ARPA-E award will support the development of specialized quantum simulation workflows capable of modeling the complex electronic structures that govern magnetic behavior at the atomic level. While classical high-performance computing can approximate these systems, fully capturing their quantum nature is often computationally prohibitive.

Alice & Bob, known for its work on fault-tolerant quantum processors based on so‑called “cat qubits,” plans to leverage its hardware roadmap together with domain experts in computational chemistry and materials science. The project is expected to generate candidate materials that industrial partners can validate experimentally, closing the loop between quantum simulation and real-world manufacturing.

Energy security, climate goals and industrial impact

For ARPA-E, backing quantum-enabled materials discovery aligns with its mandate to fund high-risk, high-impact energy innovations. Rare-earth-free magnets could strengthen energy security, lower costs for clean technologies and reduce environmental impacts associated with rare earth mining and processing.

If successful, the work led by Alice & Bob would not only showcase a practical, near- to mid-term application of quantum computing, but also offer a strategic alternative for industries dependent on critical materials, from automotive and aerospace to renewable power generation.

Previous ArticleMidas raises $50M to scale tokenised assets and DeFi access
Next Article Digital Brains Startup Raises $2.1M to Capture Expert Knowledge
Elyse Christian

Keep Reading

SpaceX Valuation: Wall Street Giants Disagree by $132B

World Fund Berlin: Deep-Tech Founders Push for Sovereignty

fonio.ai Secures $17M Funding From 20VC at $140M Valuation

Databricks Eyes $175B Valuation After $5.4B Revenue

ICEYE Secures €450M Series F to Hit €10B Valuation

Pitchdrive Closes €60M Fund to Back European AI Startups

Add A Comment

Leave A Reply Cancel Reply

SpaceX Valuation: Wall Street Giants Disagree by $132B

Venture Capital 11 June 2026

A major valuation gap of $132B between Goldman Sachs and Morgan Stanley highlights the complex financial outlook for Elon Musk’s aerospace giant, SpaceX.

World Fund Berlin: Deep-Tech Founders Push for Sovereignty

fonio.ai Secures $17M Funding From 20VC at $140M Valuation

Databricks Eyes $175B Valuation After $5.4B Revenue

ICEYE Secures €450M Series F to Hit €10B Valuation

Pitchdrive Closes €60M Fund to Back European AI Startups

Companion.energy Raises €7.8M to Optimize Industrial Energy

Moonshot AI Targets $2B Funding at $30B Valuation

Quantum Space to Go Public in $1.2B SPAC Merger

Helion Secures $465M Series G Led by Thrive Capital

Impulse Space Secures $500M Series D to Fuel Space Logistics

Generalist AI Secures $400M Led by Radical Ventures

Supabase Secures $500M Series F at $10.5B Valuation

Opereit Secures $2.5M Just Two Months Post-Launch

Mach Industries Raises $300M at $1.8B Valuation

Dailyza | Tech, Investments, Business & World News
  • Startups
  • Contact
  • About Us
© 2026 Dailyza

Type above and press Enter to search. Press Esc to cancel.