Israel Advanced Quantum Control Solutions Company Quantum Machine Today we announced the $170 million completion in the Oversubscribe Series C Finance Round, led by PSG Equity with participation from Intel Capital, Red Dot Capital Partners and existing investors. This brings the total amount raised by the company to $280 million.
“Globes” learned that the $20 million raised funds were from the sale of stock by founders and employees. Sources say the company’s valuation, which was $520 million before the most recent round, has now increased to $670 million.
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Israeli startup quantum machine raises $50 million
The investment is currently relying on the company’s technology to build and expand systems, and quantum machines will use this fund to develop quantum computers with tens of thousands of Qubits. It helps to promote.
Quantum Machines was founded by CEO Dr. Itamar Sivan, CTO Dr. Yonatan Cohen and Chief Engineer Dr. Nissim Ofek. The company has 170 employees, half of which are in Tel Aviv and the rest in Denmark, Germany, Japan and the United States. 50% of employees have a PhD degree.
“The quantum computing ecosystem has opened and now hundreds of teams around the world are moving forward at the edge of bleeding in parallel, breakthroughs are emerging at an unprecedented pace,” Dr. Sheban said. The key adoption of the world is turning the corner. Our generation’s biggest and most important technology race is a strong honor to work with leaders in this field. To make this possible, It provides infrastructure.”
Quantum Machines’ hybrid control technology allows you to seamlessly execute the most demanding computational requirements on any type of quantum computer. This versatility makes it rapidly adopted by most quantum computing companies around the world. Quantum machine collaboration on the NVIDIA DGX Quantum combines accelerated computing with real-time quantum control to further shorten the timeline from breakthroughs to real quantum computers.
“Transforming quantum processors into functional quantum computers is an immeasurable technical challenge. It controls quantum systems accurately, processes huge amounts of data in real time, and quantum and classical quantities of data. You need to coordinate complex algorithms across the processor. The platform integrates all of these capabilities in its own way, allowing teams to move quickly from lab innovation to data center deployment.”
Published by Globes, Israel Business News -en.globes.co.il- February 25, 2025.
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