Quantum Machines, a Tel Aviv-based startup focused on Quantum Control Hardware and Software, has raised $170 million in Series C funding. This latest round brings total funding to $280 million. Leading by PSG Equity, backed by Intel Capital, Red Dot Capital Partners and other existing investors, the investment is one of the largest funding rounds in the quantum computing space.
The latest funding is just over three years after Quantum Machines secured $50 million in Series B funding. Since then, the company has grown rapidly, with over half of all quantum computing companies currently relying on technology to develop and expand their systems.
The company has become a key player in the industry, with over half of all quantum computing companies relying on technology to develop and expand systems.
Quantum Machinery: From labs to industry leaders
Founded in 2018 by three researchers (Itamar Sheban, Nishim Offek and Jonathan Cohen) from the Department of Physics at the Wiseman Institute of Science in Israel, Quantum Machinery develops software, hardware and electronics tailored to the quantum computing industry.
The company integrates the classic engineering sectors of power, hardware and software with quantum computing technology. Their work spans algorithm development, digital signal processing, RF microwave engineering, machine learning, and quantum physics, all aims to expand what quantum computing can achieve.
Since its founding about seven years ago, the startup has developed an advanced orchestration platform designed to unlock the full potential of quantum processors. Within just a few years, quantum machines have become the leading provider of control and orchestration systems to serve quantum computing, service companies and research centers in 15 countries.
Quantum computing has reached a turning point
Quantum computing has long been considered one of the biggest challenges of technology. However, in recent months, the breakthrough has brought it closer to reality and has boosted investors’ trust in the startups that work to bring quantum processing to real applications.
The concept of quantum computing dates back to the early 1980s, when physicist Paul Benioff introduced quantum mechanical models of Turing machines. Unlike traditional computers that store information in binary (0S and 1S), quantum computers use qubits that can represent 0, 1, or both at the same time. This idea has been around for decades, but making it practical has always been a major hurdle.
Quantum machines are located at the heart of this shift. Its quantum orchestration platform provides businesses with tools to run complex quantum algorithms, including multi-diam calibration and quantum error correction, right out of the box.
This year was a turning point for quantum computing. Google’s Willow Chip has significantly improved hardware performance, with multiple companies exceeding the 1,000 qubit threshold, and researchers driven by Google’s work have made meaningful advances in quantum error correction. As the field progresses, quantum machines are planning to enable many of these breakthroughs and use the latest funds to drive development towards systems with tens of thousands of Qubits.
Infrastructure that powers the next wave of quantum innovation
“The Quantum Computing Ecosystem has taken off, hundreds of teams around the world are pushing limits and discovering at an incredible pace,” said Dr. Itamar Sivan, co-founder and CEO of Quantum Machines. “We are on the edge of a massive adoption. Quantum computing is one of the most important technology races of our generation and we are proud to provide the infrastructure that makes it possible.”
The company’s hybrid control technology allows quantum and classical processors to work together efficiently. This flexibility makes it the biggest choice for quantum computing companies around the world. The partnership with Nvidia on DGX Quantum, which integrates accelerated computing with real-time quantum control, is another step towards making quantum computing commercially feasible.
“Transforming quantum processors into working computers is a major technical challenge,” said Dr. Yonatan Cohen, co-founder and CTO of Quantum Machines. “We need to precisely control quantum systems, process huge amounts of data in real time, and coordinate complex algorithms across quantum and classical architectures. Our platform brings together all of these factors to help our teams move from lab research to real-world deployments much faster.”
Investors see the company’s role in the industry becoming increasingly important.
“The quantum computing market is reaching a turning point,” said Rotem Shacham, director of PSG Equity. “Quantum machines have established themselves as a key solution for businesses looking to build and expand quantum computers. With demand growing rapidly, QM is in a strong position to expand its leadership and is excited to support them in this next phase.”
“This funding strengthens the strength of our business and the potential for long-term growth,” said Nir Ackerman, CFO at Quantum Machines. “This will accelerate expansion, drive further innovation and provide long-term value to stakeholders.”
With this momentum, quantum machines have set themselves up as one of the most influential companies in quantum computing, offering technologies that could make large quantum systems a reality.
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