Quantum Machines Secures $170 Million to Advance Quantum Computing

Quantum Machines (QM) has raised $170 million in Series C funding, bringing its total investment to $280 million. The round, led by PSG Equity with participation from Intel Capital, Red Dot Capital Partners, and existing investors, marks one of the largest funding rounds in the quantum computing sector.

The investment comes as quantum computing sees significant advancements. In 2024, Google’s Willow chip demonstrated improved hardware performance, multiple companies surpassed 1,000 qubits, and quantum error correction saw progress. As quantum systems scale, QM’s technology is playing a key role in enabling these developments, with plans to support systems reaching tens of thousands of qubits.

“The quantum computing ecosystem is advancing rapidly, with breakthroughs emerging at an unprecedented pace,” said Dr. Itamar Sivan, co-founder and CEO of Quantum Machines. “Quantum computing is one of the most important technological races of our time, and we are committed to providing the core infrastructure to support its development.”

QM’s hybrid control technology enables real-time execution of complex computational tasks across all types of quantum computers. This flexibility has driven its widespread adoption. The company’s collaboration with NVIDIA on DGX Quantum integrates accelerated computing with quantum control, further reducing the time required to transition from research to practical quantum computing applications.

“Turning a quantum processor into a functional computer requires precise control, rapid data processing, and coordination between quantum and classical systems,” said Dr. Yonatan Cohen, QM’s co-founder and CTO. “Our platform integrates these capabilities, allowing teams to transition from lab research to large-scale deployment.”

With the quantum computing market poised for growth, PSG Equity sees QM as a critical player. “QM has established itself as the solution that leading quantum companies rely on to build and scale their systems,” said Rotem Shacham, Director at PSG Equity. “We look forward to supporting QM’s continued expansion.”