Quantum Machines (QM) has raised $170 million in a Series C funding round, bringing its total funding to $280 million. Led by PSG Equity, with participation from Intel Capital and Red Dot Capital Partners, this investment marks one of the largest in the quantum computing sector. The funding comes as over half of quantum computing companies now utilize QM’s control systems to develop and scale their quantum computers.
Founded in 2018 and headquartered in Tel Aviv, Israel, QM specializes in advanced quantum control solutions. The company’s flagship product, the Quantum Orchestration Platform (QOP), enables precise control and real-time processing for various quantum processors. In 2023, QM launched the OPX1000, a high-density quantum control platform designed to support systems exceeding 1,000 qubits. Additionally, QM collaborated with NVIDIA to integrate accelerated computing with real-time quantum control, aiming to expedite the development of practical quantum applications.
• Funding details: $170 million Series C, total funding now $280 million
• Lead investor: PSG Equity, with Intel Capital and Red Dot Capital Partners
• Company foundation: 2018, Tel Aviv, Israel
• Core technology: Quantum Orchestration Platform (QOP) for precise quantum control
• Recent milestones:
• Launch of OPX1000 for large-scale quantum systems
• Partnership with NVIDIA on DGX Quantum integration
“Significant adoption of quantum computers is around the corner. Quantum is one of the biggest, most important technological races of our generation,” said Dr. Itamar Sivan, co-founder and CEO of Quantum Machines.
