Quantum Source, a company focused on developing practical photonic quantum computers, has raised $50 million in a Series A funding round. This latest round, led by Eclipse with participation from Standard Investments, Level VC, Canon Equity, and existing investors Pitango First, Grove Ventures, 10D, and Dell Technologies Capital, brings the company’s total funding to $77 million.
Founded in 2021 by Oded Melamed, Gil Semo, Dan Charash, and Professor Barak Dayan, Quantum Source is developing a scalable photonic quantum architecture designed to handle millions of qubits with reduced complexity, footprint, power consumption, and cost compared to other quantum computing technologies. The funds will be used to enhance the company’s engineering capabilities and accelerate the commercialization of their quantum solutions.
Quantum Source currently employs 45 people, with over half holding PhDs.
A blog article with additional information about Quantum Source and this investment has been posted on the Eclipse website here.
September 11, 2024