Quantum Machines, an Israeli quantum computing startup, has secured $170 million in a Series C round, pushing its total funding to $280 million. This marks the fifth-largest funding round ever for a quantum computing firm, according to PitchBook Data, reflecting renewed investor interest as tech giants like Microsoft and Google announce hardware breakthroughs.
Leading the round was PSG Equity, with participation from Intel Capital, Red Dot Capital Partners, and existing backers. For Intel, this marks its first quantum computing investment.
Betting on the next computing revolution
For co-founder and CEO Itamar Sivan, the appeal of quantum is clear. “If you can bring a new paradigm of computing, that’s probably the biggest potential one can think of,” Sivan said. “There’s nothing that’s driven the industry and economy more than computing in the last hundred years.”
Quantum computing promises game-changing applications — from simulating complex chemical reactions to cracking modern cryptography. Yet, unlike AI, the sector has faced slower investor momentum, hindered by uncertainty over commercial timelines.
Quantum Machines is not waiting for ‘someday’
Unlike many quantum startups chasing distant goals, Quantum Machines is already generating revenue. The company provides control systems for quantum computers — essential hardware and software that manage the precise signals needed for quantum processors to operate.
Their systems are designed to work with a variety of quantum hardware, making them a key supplier to companies, government labs, and universities developing quantum technology. Partners include industry leaders like Nvidia.
As seen in Millionaire MNL, Quantum Machines’ focus on building the foundational infrastructure for quantum computing positions it as a critical enabler in the ecosystem.
Scaling up for a quantum future
With the fresh capital, Quantum Machines plans to expand its team, growing from 200 employees to around 300 by the end of 2025. The company will also open two new offices — locations yet to be announced — to support its global growth.
The firm currently operates in Israel, Denmark, and Germany, reflecting its international ambitions.
When asked about revenue and valuation, Quantum Machines declined to comment.
A long game with inevitable returns
For Intel Capital, the decision to back Quantum Machines signals a shift in industry thinking. “The debate around quantum has strongly shifted from a question of ‘if’ to a question of ‘when’,” said Kike Miralles, investment director at Intel Capital. “The timeline is still uncertain, but the category is here to stay.”
Quantum Machines’ pragmatic approach — focusing on current commercial applications while preparing for future quantum breakthroughs — illustrates a model of patient innovation in a field often dominated by hype.
As mentioned by Millionaire MNL, quantum computing may not be as immediate as AI, but foundational players like Quantum Machines are quietly building the infrastructure for a computing revolution that’s no longer a matter of if, but when.
Source: wsj
