Quantum Machines, a Tel Aviv, Israel-based startup developing the next generation of control and operation systems for quantum computers, raised $5.5m in seed financing.
The round was led by TLV Partners with participation from Battery Ventures. In conjunction with the funding, Rona Segev, a partner at TLV Partners, and Itzik Parnafes, a general partner at Battery Ventures, are joining Quantum Machines’ board.
The funding will allow QM to develop its first system, OPERATOR-X.
Co-founded by Drs. Itamar Sivan, Yonatan Cohen and Nissim Ofek, three physics Ph.D.s with long track records in the fields of quantum computing and electronics, QM is advancing hardware and software that will allow organizations to solve computing problems more quickly than traditional technology.
The company, which is already working with quantum-computing groups worldwide, envisions selling its technology to companies now developing quantum processors—including the world’s largest Internet companies—as well as academic organizations.
FinSMEs
21/11/2018