Quantum Machines has has secured $170 mil. in a series C investment round. The round was led by PSG, with participation from Intel Capital, Red Dot Capital Partners, and existing investors.
Quantum Machines is a an Israeli startup and creator of the first universal quantum computing cloud infrastructure. Since its founding in 2018, Quantum Machines has established itself as the leading provider of control and operation systems for quantum computing across companies and research centers.
The company has strong ties to Denmark as Quantum Machines in 2022 acquired the Danish spin-out from The Niels Bohr Institute QDevil – one of the premier providers of electronics for quantum computing. Today Quantum Machines employs an interdisciplinary team of physicists and engineers of over 80 in Denmark, Israel, France, Germany, Canada, and the United States.
One reason for the size of the current C round is supposedly because of the startupโs business funnel; Quantum Machinesโ technology is now used by more than half of all the companies in the world that are working on quantum computers and quantum computing, according to its CEO, Dr. Itamar Sivan, who co-founded the company with CTO Dr. Yonatan Cohen and chief engineer Dr. Nissim Ofek.
Read the full announcement here
About and Contact
For more information please contact Jonatan Kutchinsky, Vice President of Cryogenic Electronics at Quantum Machines and co-founder and former CEO of QDevil.
