TEL AVIV, Israel, March 19, 2020 /PRNewswire/ -- Quantum Machines,
creator of the first complete hardware and software solution for
the control and operation of quantum computers, announced today
that it has secured $17.5M in funding
to accelerate the already rapid adoption of the company's Quantum
Orchestration Platform, which is driving the development of
tomorrow's quantum breakthroughs. The Series A round was led by
Avigdor Willenz and Harel with the
participation of previous backers TLV Partners and Battery
Ventures.
In the race to bring general-purpose quantum computers to
fruition, Quantum Machines (QM) announced a major breakthrough
earlier this year with the launch of its Quantum Orchestration
Platform and its adoption by major players. Its complete set of
features works with all quantum technologies, giving researchers
and development teams everything they need to run the most complex
quantum algorithms and experiments. Looking to the future, Quantum
Orchestration lays the ground for tackling some of the most
challenging hurdles facing quantum computing, such as complex
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, is backing QM after the
massive enthusiasm he's witnessed from across the quantum computing
industry. "The race to commercial quantum computers is one of the
most exciting technological challenges of our generation," said
Willenz, who has also sold companies to Intel, Marvell, Amazon and
Cisco. "Our goal at QM is to make this happen faster than
anticipated, and establish ourselves as an essential player in
this emerging industry."
QM was founded in 2018 by Drs. Itamar
Sivan, Yonatan Cohen and
Nissim Ofek, three physics Ph.Ds.
They met at Israel's Weizmann
Institute after each had studied at the world's top universities,
including Yale University, University of Washington, Oxford University and the Ecole Normale Superieure.
The QM team has since grown to nearly 30 — more than half of them
physicists.
QM's Orchestration Platform has already been adopted by
multinational corporations and startups at the forefront of quantum
computing, with many new paying customers joining us every month.
"We have been fortunate to assemble a team of all-star researchers
and scientists working on the greatest challenges of quantum
computing," said Dr. Itamar Sivan,
co-founder and CEO of QM. "Their prowess is evident in the lead
that QM has taken as the only company to develop Quantum
Orchestration. Quantum technology will decisively shape our future
and this new investment will ensure that QM remains at the center
of these exciting advancements."
About Quantum Machines
QM's full-stack Quantum Orchestration Platform enables an
entirely new approach to controlling and operating quantum
processors. Capable of running even the most complex algorithms –
from near-term applications of quantum computers to challenges of
quantum-error-correction – the Quantum Orchestration Platform
allows users to realize the potential of all quantum processors
right out of the box via its powerful, yet intuitive, programming
language QUA.
Media Contact:
Lazer
Cohen
lazer@westraycommunications.com
+347-753-8256
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SOURCE Quantum Machines