Quantum Machines declares a $50M Series B Investment

Quantum Machines, an Israeli start-up, mainly focuses on the making of classical hardware and software infrastructure---this shall help execute quantum machines. 

 

Apart from this, the company also builds unique software and hardware, electronics which invokes the essence of classical engineering referring to the wide spectrum of various fields along with the science and technology of quantum computing.

 

Announcement

 

Today, Quantum Machines has declared a $50 million Series B Investment. The segment that it built, comprising a hardware and software system, is referred to as The Quantum Orchestration Platform. This not only helps the flourishing quantum machines to execute properly, but also leaves enough space for the industry to develop and promote growth at the same time.

 

Co-founder & CEO of Quantum Machines, Itamar Sivan differentiated between the classical computers and quantum computers and stated his vision which is to "make quantum computers ubiquitous and disruptive across all industries."

 

(Recommended Blog: How Does Quantum Computing Improve Machine Learning?)

 

The company has generated a system that would solely depend on classical computers to develop and power quantum computers.

 

Itamar Sivan elaborates the process, saying that the classical computer has two layers- a software and a hardware layer. Whereas, a quantum computer has three layers--the quantum hardware and then on the top of it, there's "classical hardware […] and then on top of that you have software."  But the focus is mainly concentrated on the two latter layers.

 

According to Tech Crunch, today's round fell under the supervision of Red Dot Capital Partners and the amount from this round allows whatever the company is deciding to do. It narrows down the process, enabling it to bring out the solutions, and simultaneously, it is heavily involved in research and development.

 

With just sixty employees, they have been able to proceed with such an incredible step and with the right and new funding, it would be a lot easier for the team to bring out the desired outcome in the next few years.

 

CEO Sivan stated that he has hired new people from almost everywhere and that the company is not restricted to a limited number of geographical locations. Diversity, to him, is like "involving as many people as possible in hiring processes."