Quantum Machines, a Tel Aviv, Israel-based provider of advanced quantum control solutions, raised $170M in Series C funding.
The round, which brought the total amount to $280M, was led by PSG Equity with participation from Intel Capital, Red Dot Capital Partners and existing investors.
The company intends to use the funds to expand operations and its development efforts.
Led by CEO Dr. Itamar Sivan, CTO Dr. Yonatan Cohen, and CFO Nir Ackerman, Quantum Machines provides hybrid control technology that enables execution of some of the most demanding computational requirements across all types of quantum computers. This versatility has driven its rapid adoption by a majority of quantum computing companies worldwide. Its collaboration on NVIDIA DGX Quantum, combining accelerated computing with real-time quantum control, further shortens the timeline from breakthrough to practical quantum computers.
FinSMEs
25/02/2025