Israel’s Quantum Machines raises $17.5 million

Israel’s Quantum Machines raises $17.5 million

Business news |
By Peter Clarke

The company said the money will be used to accelerate the adoption of the its Quantum Orchestration Platform. The Series A was led by Avigdor Willenz and Harel with the participation of previous backers TLV Partners and Battery Ventures.

Earlier in 2020 Quantum Machines announced it had agreed to join IBM’s Q Network and that as part of the collaboration a compiler between IBM’s quantum computing programming languages, and those of QM will be developed and offered to customers.

The Quantum Orchestration Platform supports multi-qubit calibrations, quantum-error-correction, and scaling up to many hundreds of qubits.

Israeli entrepreneur Avigdor Willenz, who recently sold Habana Labs to Intel for $2 billion (see Intel drops Nervana after buying Habana), said: “The race to commercial quantum computers is one of the most exciting technological challenges of our generation.”

QM was founded in 2018 by physicists Itamar Sivan, Yonatan Cohen and Nissim Ofek. The QM team has since grown to nearly 30 — more than half of them physicists.

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