Quantum Machines, the Israeli creator of hardware and software that control quantum computers, has raised $17.5 million in funding, led by Harel Insurance Investments and tech entrepreneur Avigdor Willenz. Existing investors TLV Partners and Battery Ventures also participated in the round.
Earlier this year the Tel Aviv-based startup launched its Quantum Orchestration Platform, a set of features that enables researchers and development teams to run quantum algorithms and experiments. In a press release, the company claims the platform has already been adopted by multinational corporations and startups.
“The race to commercial quantum computers is one of the most exciting technological challenges of our generation,” said Willenz, who recently sold Habana Labs to Intel for $2 billion.
Founded in 2018 by three PhD physicists, Drs. Itamar Sivan, Yonatan Cohen and Nissim Ofek, Quantum Machines now employs about 30 people — over half of whom are also physicists. The new funding will be split between customer adoption and technological advancements.