Article By: Steven Scheer, Reuters
Published On: February 25, 2025
JERUSALEM, Feb 25 (Reuters) – Israel’s Quantum Machines (QM), whose hardware and software platform aims to accelerate the realization of practical quantum computers, said on Tuesday it had raised $170 million in mid-stage funding.
The investment brings its total funding to date to $280 million and comes as most quantum computing companies globally now rely on the company’s technology to build and scale their systems, it said.
With this funding, we believe that we are all well-positioned to accelerate our expansion, drive innovation, and create long-term value for our stakeholders,” said CFO Nir Ackerman.
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Quantum Machines Co-founder and Chief Engineer Nissim Ofek is a Technion alumnus.