Quantum Source, a Rehovot Israel-based quantum computing company, is coming out of stealth mode with $15m in seed funding.
The round was co-led by Grove Ventures, Pitango First, and Eclipse Ventures.
Quantum Source aims to enable scaling quantum computers to millions of qubits with its photonic technology. Large-scale photonic quantum computers are expected to instigate a revolution in entire industries. These quantum computers will accelerate, for instance, the development of new drugs, shorten the time pharma companies can introduce new medicines to the market, and support physicians with treatment optimization for complex diseases.
The company was founded by three serial entrepreneurs and a Professor from the Weizmann Institute of Science: They include:
- Oded Melamed, CEO, who was the co-founder and CEO of Altair Semiconductor acquired by Sony;
- Gil Semo, VP R&D, who was among the founding team of Anobit Technologies acquired by Apple, who later became the Director of Platform Architecture at Apple in Israel;
- Dan Charash, Chairman, who was the co-founder and CEO of Provigent acquired by Broadcom; and
- Prof. Barak Dayan, Senior Scientist and founder and head of the Quantum Optics lab at the Weizmann Institute of Science. The company employs twenty-five physicists and engineers, fifteen of whom hold PhD degrees.
FinSMEs
04/07/2022