Quantum Machines, an Israeli startup building classical hardware and software infrastructure to help drive quantum machines, today announced a $50 million Series B investment.
Today’s round was led by Red Dot Capital Partners with help from Axor, Claridge Israel, Samsung Next, Valor Equity Partners, Atrides Management, LP, as well as TLV Partners, Battery Ventures, 2i Ventures and other existing investors. According to data from Crunchbase, the company has now raised about $83 million.
While quantum computing in general is in its early days, quantum machines have developed a decent niche by building a hardware and software system they call a quantum orchestration platform, which helps drive the growing quantum machines, allowing It gives a lot of room to grow. The industry develops.
Certainly Itamar Sivan, co-founder and CEO of Quantum Machines, who has been working at Quantum throughout his career, sees the enormous potential of this technology. “Quantum computers hold the promise of potentially accelerating computations that are impossible to accomplish in a reasonable amount of time with classical computers, and this is of interest in the field at the highest level right now. Quantum machines, in particular our The vision is to make quantum computers ubiquitous and disruptive across all industries,” he said.
To achieve this, the company has created a system that relies on classical computers to develop quantum computers. While the company has designed its own silicon for this purpose, it is important to note that it is not manufacturing quantum chips. As Sivan points out, classical computers have a software and hardware layer, but quantum machines have three layers: “Quantum hardware, which is the heart, and on top of that you have classical hardware. […] And then on top of that you have software,” he said.
“We focus on the two latter layers. So the classical hardware and the software that runs it. Now at the heart of our hardware is actually a classical processor. So it seems to me that one of the most interesting parts of the quantum stack is,” he explained.
He says this interaction between classical computing and quantum computing is fundamental to the technology, and it is a mix that will last well into the future, possibly forever. What quantum machines are building is essentially the classical cloud infrastructure needed to run quantum computers.
So far the approach is working out quite well, as Sivan reports that governments, researchers, universities and hyperscalar operators (which could include companies such as Amazon, Netflix and Google), though the company hasn’t said they will. customers are) all interested in the technology of QM. While it is not discussing specific metrics, the company currently has customers in 15 countries and is working with some larger entities that cannot be named.
Funding from this round helps validate what the company is doing, allowing it to continue to build solutions, as well as invest heavily in research and development, which is essential as the industry continues to grow. It is also in early development and a lot will change over time.
They have only been able to build this solution up to this point with 60 employees, and with the new funding they should be able to adequately build the team for years to come. He says that when it comes to diversity, he comes from an academic background where it is the norm and he has carried it into his company as he hires new people. What’s more, the pandemic has allowed him to hire from anywhere and he says the company has taken advantage of the opportunity.
“First of all, we are not just recruiting in Israel, we are recruiting globally, and we are not limited to recruiting in specific geographic areas. We have people [from a number of countries],” he said. He continued, “For me personally, diversity means getting more and more people involved in the recruitment processes. That’s the only way to ensure diversity.”
Even during the pandemic, the hardware team is meeting in-person in the office with necessary precautions, but most employees have continued to work from home, and this is an approach they will continue to take even when it is safe Coming back to the office regularly.
“Of course, work in a post-COVID era will involve a substantial amount of remote work. […] Even then [our] Headquarters, we envision allowing people to work remotely [if they wish].