Quantum Machines Raises $50M in Series B Funding

Quantum Machines, the company behind the Quantum Orchestration Platform, has raised $50 million in Series B investment to accelerate its expansion into quantum cloud computing and increase its global distribution.

Quantum Machines was established in 2018 with the goal of developing practical quantum computers. To that aim, the firm has created a ground-breaking orchestration platform that allows all quantum computers to fulfill their full potential. With a customer base spanning 15 countries, Quantum Machines claims it has quickly established itself as a premier provider of control and orchestration solutions for quantum computing across enterprises and research institutes.

The Quantum Orchestration Platform, which is capable of running even the most complex algorithms – from near-term quantum computer applications to quantum-error-correction challenges – would allow users to realize the potential of all quantum processors right out of the box using its “powerful, yet intuitive” programming language QUA.

The Quantum Orchestration Platform (QOP) provider plans to use the funds to expand the existing comprehensive QOP, expand the use of QUA, and introduce ground-breaking innovations in the future year. In addition, the firm intends to build offices in additional locations in order to expand the team’s size and attract skilled quantum developers from across the world.

“Quantum processors hold the potential for immense computational power, far beyond those of any classical processor we could ever develop, and they will impact each and every aspect of our lives,” said Dr. Itamar Sivan, Chief Executive Officer (CEO) of Quantum Machines. “Given that we work with so many of the global leaders in the field, we are in an incredible position to make this happen sooner than ever believed possible. Our latest funding represents the largest ever investment in a non-full-stack quantum startup and is a major step forward towards implementing an effective cloud infrastructure for quantum computers.”

Quantum Technology Development

Photo Dr. Itamar Sivan, Chief Executive Officer (CEO) of Quantum Machines
“Our latest funding represents the largest ever investment in a non-full-stack quantum startup and is a major step forward towards implementing an effective cloud infrastructure for quantum computers,” said Dr. Itamar Sivan, Chief Executive Officer (CEO) of Quantum Machines.

Quantum Machines recently announced major achievements in quantum development, including the release of QUA, their universal language for quantum computers, and the Quantum Orchestration Platform (QOP), which would help boost the productivity of quantum R&D teams by orders of magnitude. Researchers may use the enhanced capabilities and infrastructure to run the very complicated algorithms required to tackle the most advanced quantum computing issues, such as quantum error correction, multi-qubit calibrations, and more.

Focused on expansion, Quantum Machines has tripled its interdisciplinary staff of physicists and engineers stationed in Israel, France, Germany, Canada, and the United States in the last year. Multinational businesses, major government laboratories, academic organizations, and startups at the cutting edge of quantum development are just a few of Quantum Machines’ clients.

“Despite the unprecedented challenges the world faced in 2020, we’ve had a year of remarkable achievements,” said Dr. Yonatan Cohen, co-founder, and Chief Technology Officer (CTO) of Quantum Machines. “Quantum technology development is rapidly accelerating, and researchers require tools that can push their capabilities to the next level. Quantum Machines is focused on solving a critical bottleneck with quantum research and development, providing the best infrastructure capable of the most advanced algorithms and scaling at the rate of development.”

The latest funding round was led by Red Dot Capital Partners. It included participation of Exor, Claridge Israel, Samsung NEXT, Valor Equity Partners, Atreides Management LP, and was joined by TLV Partners, Battery Ventures, 2i Ventures, an affiliate of Altshuler Shaham as well as other existing investors. Yaniv Stern, Managing Partner at Red Dot Capital Partners, will join the Board of Directors of Quantum Machines.

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