Quantum Machines Plans to Expand Quantum Orchestration Platform with $ 50 Million Investment – TechCrunch

Quantum machines, an Israeli startup that is building classic hardware and software infrastructure to help run quantum machines, announced today a $ 50 million Series B investment.

Today’s round was led by Red Dot Capital Partners with the help of Exor, Claridge Israel, Samsung NEXT, Valor Equity Partners, Atreides Management, LP, as well as TLV Partners, Battery Ventures, 2i Ventures, and other existing investors. The company has now raised approximately $ 83 million, according to Crunchbase. data.

While quantum computing in general is in its infancy, Quantum Machines have developed a good niche by building a system of hardware and software, what they call The Quantum Orchestration Platform, that helps run the burgeoning quantum machines, leaving them plenty of space. to grow as they go. the industry develops.

Certainly Quantum Machines co-founder and CEO Itamar Sivan, who has been working on quantum technology for his entire career, sees the enormous potential of this technology. “Quantum computers hold the promise of potentially speeding up calculations very substantially that are impossible to complete in a reasonable time with classical computers, and this is the highest level of interest in the field at this time. Our vision specifically at Quantum Machines is to make quantum computers ubiquitous and disruptive across all industries, ”he said.

To achieve this, the company has created a system that relies on classical computers to power quantum computers as they are developed. While the company has designed its own silicon for this purpose, it is important to note that it is not building quantum chips. As Sivan explains, the classical computer has one layer of software and hardware, but quantum machines have three layers: “The quantum hardware, which is the heart, and you also have the classical hardware. […] and then, on top of that, you have the software, “he said.

“We focus on the last two layers. So classic hardware and the software that powers it. Now, at the heart of our hardware is, in fact, a classic processor. I think this is one of the most interesting parts of the quantum stack, ”he explained.

He says that this interplay between classical computing and quantum computing is fundamental to the technology, and it is a combination that will endure into the future, possibly forever. What Quantum Machines is building is essentially the classic cloud infrastructure needed to run quantum computers.

Founding team of Quantum Machines.

Quantum Machines founding team: Itamar Sivan, Nissim Ofek, Yonatan Cohen. Author of the photo: Quantum machines

So far the approach has worked quite well, as Sivan reports that governments, researchers, universities, and operators of the hyperscaler (which could include companies like Amazon, Netflix, and Google, though the company hasn’t said they are customers) are interested in QM Technology. While it is not discussing specific metrics, the company has clients in 15 countries at the moment and is working with some large entities that it was unable to name.

The money from this round helps validate what the company is doing, allowing it to continue developing the solution, while investing heavily in research and development, which is essential as the industry is still in early development and many things will change over time.

They have been able to create this solution up to this point with just 60 employees, and with the new funding they should be able to build the team substantially for years to come. He says that when it comes to diversity, he comes from an academic background where this is the norm and has carried it forward to his company as he hires new people. What’s more, the pandemic has allowed him to hire from anywhere, and he says the company has taken advantage of this opportunity.

“First of all, we are not hiring only in Israel, we are hiring globally and we are not limited to hiring in specific geographies. We have people [from a number of countries], “he said. He adds,” For me personally, diversity means involving as many people as possible in the hiring process. That’s the only way to guarantee diversity. “

Even during the pandemic, the hardware team has been meeting in person at the office with the necessary precautions when allowed, but most employees have continued to work from home, and that is an approach they will continue to take even when it is sure to do it. Return to the office regularly.

“Of course, work in a post-COVID era will include a substantial amount of remote work. […] So even in [our] Headquarters, we anticipate allowing people to work remotely [if they wish].


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