TechCrunch
Now, Quantum Machines, an Israeli startup that provides quantum control solutions to others in the field, has raised $170 million. Led by PSG Equity with participation from Intel Capital, Red Dot Capital Partners, and existing investors, this all-equity Series C round is one of the biggest funding rounds raised by a quantum computing company to date. Quantum Machines’ technology is now used by more than half of all the companies in the world that are working on quantum computers and quantum computing, according to its CEO, Dr. Itamar Sivan, who co-founded the company with CTO Dr. Yonatan Cohen and chief engineer Dr. Nissim Ofek.