Quantum Machines raises $50M Series B Funding

Quantum Machines is a Tel Aviv-based company that specializes in quantum processors. It raised $50M Series A funding.

Quantum Machines raises $50M Series B Funding

Red Dot Capital Partners led the round with participation from Exor and Claridge Israel. TLV Partners, Battery Ventures, and 2i Ventures also participated. Yaniv Stern (Managing Partner, Red Dot Capital Partners) will join Quantum Machines’ Board of directors.

The company plans to use the funds for its Quantum Orchestration Platform growth, to further adopt QUA, its programming language, and to release new technologies next year.

Quantum Machines was founded in 2018 by Dr. Itamar Siva, CEO, and Dr. Yonatan, CTO. The Quantum Orchestration Platform allows companies to manage and control quantum processors. Researchers can use the advanced infrastructure and capabilities to create complex algorithms that address some of the most difficult problems in quantum computing.

These include multi-qubit calibrations and quantum error correction. A global customer base of 15 countries uses the platform, which includes multinational corporations, top government laboratories, universities, and startups in quantum development.

The company’s multidisciplinary team of engineers and physicists is based in Israel and Canada.

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