Total amount raised
$363 Millions
Latest funding date
Location
Quantum Machines has successfully raised funds through multiple rounds, with the latest being a Series C round. The company has attracted 17 investors, including notable names like Intel Capital and Avigdor Willenz.
Keep reading to explore the intricacies of Quantum Machines' fundraising journey and the investors backing this innovative platform.
What Is Quantum Machines?
Quantum Machines, founded in 2018, is based in Tel Aviv, Israel. The company was established by Itamar Sivan, Nissim Ofek, and Yonatan Cohen.
Quantum Machines specializes in developing advanced hardware and software solutions for the control and operation of quantum computers. Their offerings include control systems, programming languages, and high-precision voltage sources.
With a team of 101-250 employees, Quantum Machines is at the forefront of integrating classical engineering with quantum computing technology to optimize performance and reduce friction in quantum research and development.
How Much Funding Has Quantum Machines Raised?
- Seed Round
- Amount Raised: $5.5M
- Date: November 2018
- Lead Investors: TLV Partners
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To establish the company and develop initial quantum control solutions.
- Series A
- Amount Raised: $17.5M
- Date: March 2020
- Lead Investors: Avigdor Willenz, Harel Insurance and Financial
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand the team and accelerate the development of their quantum control platform.
- Series B
- Amount Raised: $50M
- Date: September 2021
- Lead Investors: Red Dot Capital Partners
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale operations and enhance product offerings.
- Series B
- Amount Raised: Not publicly disclosed
- Date: October 2021
- Lead Investors: Qualcomm Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To further develop their quantum computing technology.
- Series B
- Amount Raised: $20M
- Date: July 2022
- Lead Investors: Meron Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support ongoing research and development efforts.
- Venture Round
- Amount Raised: $100M
- Date: January 2024
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand their market reach and enhance technological capabilities.
- Series C
- Amount Raised: $170M
- Date: February 2025
- Lead Investors: PSG Equity
- Valuation at Round: $700M
- Motivation Behind the Round: To drive the development of larger quantum computers and enhance their hybrid control platform.
Total Amount Raised: $363M
Current Valuation: $700M
Key Investors
- PSG Equity
- Details: PSG Equity is a private equity firm that partners with middle-market software and technology-enabled service companies. Founded in 2014, it has offices in Boston, Kansas City, London, Madrid, Paris, and Tel-Aviv.
- Investment Focus Areas: Software, technology-enabled services, transformational growth.
- Notable Investments: Over 150 companies backed, over 520 add-on acquisitions facilitated.
- Intel Capital
- Details: Intel Capital is the strategic investment arm of Intel Corporation, investing in innovative technology startups and companies worldwide. It focuses on sectors like AI, autonomous systems, and quantum computing.
- Investment Focus Areas: AI, autonomous systems, quantum computing.
- Notable Investments: Cloudera, Mirantis, Vuzix.
- Red Dot Capital Partners
- Details: Red Dot Capital Partners is a growth-stage venture capital firm that invests in Israeli and Israeli-related technology companies. It focuses on companies with innovative solutions and strong market potential.
- Investment Focus Areas: Growth-stage technology companies, innovative solutions.
- Notable Investments: Trax, Claroty, Guardicore.
- Avigdor Willenz
- Details: Avigdor Willenz is a notable individual investor known for his involvement in the semiconductor industry. He has a history of successful investments in technology startups.
- Investment Focus Areas: Semiconductor industry, technology startups.
- Notable Investments: Habana Labs, Anobit Technologies.
- TLV Partners
- Details: TLV Partners is a venture capital firm that invests in early-stage technology companies in Israel. It led Quantum Machines' seed round in 2018.
- Investment Focus Areas: Early-stage technology companies in Israel.
- Notable Investments: Next Insurance, Aqua Security, Guardicore.
What's Next for Quantum Machines?
Quantum Machines stands at the cusp of a transformative era in quantum computing. With the recent $170 million Series C funding, the company is poised to develop larger quantum computers, targeting systems with tens of thousands of qubits. This opportunity is monumental, as the quantum computing market is rapidly expanding, with significant advancements and widespread adoption on the horizon.
Future fundraising opportunities appear promising, given the strong investor confidence and the company's leadership in the quantum computing market. The substantial financial backing from major investors like PSG Equity, Intel Capital, and Red Dot Capital Partners suggests that Quantum Machines is well-positioned to attract further investment as it continues to innovate and expand its technological capabilities.
However, the path forward is not without challenges. The technical complexity of turning a quantum processor into a functional quantum computer, coupled with the need for precise control and real-time data processing, presents significant hurdles. Additionally, the rapidly evolving and highly competitive nature of the quantum computing industry requires continuous innovation to maintain a leading position.
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