We reported on Quantum Machines raise of $50 million in a Series B round in September. They now have announced that Qualcomm Ventures will also become an investor in Quantum Machines as an extension to their Series B round. The amount of the investment was not disclosed. To our knowledge this is Quantum Ventures first investment in a quantum company. Overall they have invested in 150 portfolio companies around the world in companies working in the 5G, artificial intelligence, automotive, IoT, consumer, enterprise cloud areas. You can view Quantum Machines press release announcing this investment here.

October 26, 2021