Strengthening Quantum Computing Infrastructure Amid Growing Industry Momentum
Israeli startup Quantum Machines has raised $170 million in a Series C funding round, bringing its total funding to $280 million. This investment, led by PSG Equity with participation from Intel Capital and Red Dot Capital Partners, marks one of the largest fundraisings in the quantum computing sector to date.
Key Highlights:
- Investment Significance – The $170 million Series C round is the fifth-largest quantum computing investment recorded, underscoring the increasing confidence in the sector’s potential.
- Company Expansion Plans – Quantum Machines plans to utilize the funds to enhance its quantum control systems, expand its workforce by approximately 100 employees, and establish two additional offices by the end of 2025.
- Industry Perspective – Intel Capital’s investment director, Kike Miralles, emphasized the shift in the quantum computing debate from “if” to “when,” highlighting the field’s growing permanence and potential.
This substantial investment reflects the escalating momentum in quantum computing advancements and the critical role of companies like Quantum Machines in providing essential infrastructure to support the industry’s growth.
