Quantum Machines Secures $50M to Expand Quantum Orchestration

Quantum Machines Secures $50 Million in Series B Funding

Quantum Machines, an Israeli firm specializing in the development of classical hardware and software infrastructure for quantum computers, has announced the successful completion of a $50 million Series B investment round.

Investment Details and Company Growth

This funding round was spearheaded by Red Dot Capital Partners, with significant participation from Exor, Claridge Israel, Samsung NEXT, Valor Equity Partners, Atreides Management, LP, and existing investors including TLV Partners, Battery Ventures, 2i Ventures, and others. According to Crunchbase data, the total funding raised by the company now reaches approximately $83 million.

Quantum Machines has carved out a distinct position within the nascent quantum computing landscape. They focus on creating a comprehensive Quantum Orchestration Platform – a hardware and software system designed to facilitate the operation of evolving quantum machines, positioning the company for substantial growth alongside industry advancements.

Vision for Ubiquitous Quantum Computing

Itamar Sivan, co-founder and CEO of Quantum Machines, emphasizes the transformative potential of quantum computing. “Quantum computers offer the possibility of dramatically accelerating computations that are currently intractable for classical computers,” he stated, highlighting the core driver of interest in the field.

“Our specific vision at Quantum Machines is to render quantum computers universally accessible and impactful across all sectors,” Sivan continued, outlining the company’s ambitious goals.

The Classical-Quantum Interface

The company’s approach centers on leveraging classical computers to empower the development of quantum computers. While Quantum Machines designs its own silicon, it’s crucial to understand they are not manufacturing quantum chips themselves.

Sivan clarifies the layered architecture: “Quantum machines comprise quantum hardware at the core, supported by classical hardware, and ultimately driven by software.”

Quantum Machines concentrates on the classical hardware and the software layer that controls and orchestrates the quantum processes. At the heart of their hardware lies a classical processor, a fundamental component of the quantum stack.

A Lasting Symbiosis

Sivan believes the interplay between classical and quantum computing is intrinsic to the technology’s future. This hybrid model is expected to persist for the foreseeable future, potentially indefinitely.

Essentially, Quantum Machines is constructing the classical cloud infrastructure necessary to operate quantum computers effectively.

Growing Demand and Global Reach

The company’s strategy is proving successful, with significant interest from governments, research institutions, universities, and large-scale cloud operators. While specific customer details remain confidential, Quantum Machines currently serves clients in 15 countries and collaborates with major organizations.

This new funding validates the company’s direction, enabling continued development of its platform and substantial investment in research and development – a critical necessity given the industry’s early stage and rapid evolution.

Team Expansion and Diversity

Quantum Machines has achieved its current progress with a team of 60 employees. The new funding will facilitate significant team expansion in the coming years.

Sivan prioritizes diversity, drawing from his academic background. He emphasizes inclusive hiring practices, stating, “Diversity for me personally means involving as many people as possible in hiring processes. That is the only way to ensure that there is diversity.”

Remote Work and Future Operations

The company has embraced global hiring, extending beyond Israel’s borders. The pandemic has accelerated this trend, allowing access to a wider talent pool.

Even as conditions improve, Quantum Machines intends to maintain a flexible work environment. “Work in a post-COVID era will include a substantial amount of remote work,” Sivan confirmed, adding that remote work options will remain available to employees even after a full return to the office is possible.