Quantum Machines Team (promo pic)
Israeli startup Quantum Machines, the developer of the Quantum Orchestration Platform, has raised $170 million in Series C funding, bringing its total funding to $280 million. The investment underscores the company’s growing influence, as a majority of quantum computing firms now rely on its technology to build and scale their systems.
The highly oversubscribed funding round was led by PSG Equity, with participation from Intel Capital, Red Dot Capital Partners, and existing investors. This latest investment marks one of the largest funding rounds in the quantum computing industry, further cementing Quantum Machines’ position as a key player in the field.
Quantum is defined as the discrete quantity of energy proportional in magnitude to the frequency of the radiation it represents. The word’s Latin root means “how much.” In physics the word, in the simplest terms, is used to explain physics that explains how everything works. This field deals with the smallest level of matter.
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If you saw the Ant Man movies then you heard the people talk over and over again about quantum this or quantum that. This is because they found ways to make people so small as to be able to enter even a single atom.
Well, small is the word that applies when we talk about quantum computing. According to IBM, quantum computing harnesses the phenomena of quantum mechanics to deliver a “huge leap forward in computation to solve certain problems.” Such computers are said to be able to take advantage of collective properties of quantum states, such as superposition and entanglement, to perform computation. The computers that execute quantum computations are said to be able to solve certain computational problems, such as integer factorization (which underlies RSA encryption), considerably faster than classical computers.
So, what does Quantum Machines do?
Founded in 2018, Quantum Machines has developed an orchestration platform that makes it “seamless to realize the potential of all quantum processors.” Within just a few years, QM has established itself as the leading provider of control and orchestration systems for quantum computing across companies and research centers with a customer base now spanning 15 countries.
“The quantum computing ecosystem has opened up and there are now hundreds of teams worldwide advancing the bleeding edge in parallel, with breakthroughs emerging at an unprecedented pace,” said Dr. Itamar Sivan, co-founder and CEO of Quantum Machines. “Significant adoption of quantum computers is around the corner. Quantum is one of the biggest, most important technological races of our generation. It’s a no-lose game, and we are deeply honored to work with the leaders in this field, delivering the core infrastructure to make this possible.”
