Quantum Machines (QM), a leading provider of quantum control solutions, has raised $170 million in a Series C funding round, bringing its total funding to $280 million. The round was led by PSG Equity, with participation from Intel Capital, Red Dot Capital Partners, and existing investors. This funding will support QM’s efforts to enable quantum computers with tens of thousands of qubits, as the company’s technology is now used by over 50% of quantum computing developers worldwide.
QM’s hybrid control technology integrates quantum and classical computing operations, enabling precise control, real-time data processing, and complex algorithm orchestration. This versatility has made QM a critical partner for quantum computing companies, including collaborations like the NVIDIA DGX Quantum project. Dr. Itamar Sivan, QM’s CEO, stated, “Quantum is one of the most important technological races of our generation, and we are honored to deliver the core infrastructure enabling these advancements.”
The funding will accelerate QM’s expansion and innovation, supporting its vision to scale quantum systems and drive breakthroughs. Rotem Shacham of PSG Equity noted, “QM has established itself as the go-to solution for leading quantum companies, uniquely positioning them to expand their leadership in this growing market.”
For more information, visit a press release posted on the Quantum Machines’ website here.
February 25, 2025
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