Quantum Machines plans to expand quantum orchestration platform with $50M investment

• ByStartupStory     |    September 6, 2021

Quantum Machines, an Israeli startup building a classic hardware and software infrastructure to help run quantum machines today announced a $ 50 million Series B investment. Round was led by Red Dot Capital Partners with the support of Exor, Claridge Israel, Samsung NEXT, Valor Equity Partners, Atreides Management, LP, TLV Partners, Battery Ventures, 2i Ventures and other existing investors. Quantum computing is generally in its infancy, but Quantum Machines develops a great niche by building hardware and software systems (called the Quantum Orchestration Platform) that help run fast-growing quantum machines. Did. The industry is developing. Indeed, Itamar Sivan, co-founder and CEO of Quantum Machines, has been working on Quantum throughout his career and recognizes the great potential of this technology. “Quantum computers have the potential to potentially accelerate very significant computations that traditional computers cannot complete in a reasonable amount of time. This is currently the most interesting level in the field. Our vision, especially at Quantum Machines, is to make quantum computers ubiquitous and disruptive in all industries, “he says.
To achieve that, the company relied on classic computers to create systems that power the development of quantum computers. It is important to note that the company designed its own silicon for this purpose, but did not build a quantum chip. As Sivan explains, classic computers have layers of software and hardware, while quantum machines have three layers. In addition to that, there is software, “he said. “We are focusing on the latter two layers: classic hardware and the software that drives it. Today, the heart of our hardware is actually the classic processor. So, I think this is one of the most interesting parts of the quantum stack, “he explained. He states that this interaction between classical and quantum computing is the basis of technology and a mix that will probably last forever in the future.

What Quantum Machines is building is essentially the classic cloud infrastructure needed to run quantum computers. Sivan reports that governments, researchers, universities, and hyperscale operators (though they don’t say that companies like Amazon, Netflix, and Google are customers) are all interested. So far, the approach has worked very well. QM technology. Although we haven’t discussed specific metrics, the company currently has customers in 15 countries and is working with several large companies that couldn’t be named. The funding from this round will help verify what the company is doing, allow it to continue building solutions, and at the same time make a significant investment in R & D. This is essential because the industry is still in its early stages of development and will change significantly over time. Up to this point, they should be able to create this solution with only 60 employees and with new funding they should be able to build a team in a practical way over the next few years. He says that when it comes to diversity, this comes from a standard educational background and he brought it to the company when hiring new people. In addition, the pandemic allowed him to be hired from anywhere, and the company took advantage of this opportunity, he says.
“First of all, we are hiring globally, not just in Israel. We are not limited to hiring in any particular region. There are people.” For me, diversity means, personally, involving as many people as possible in the hiring process. That’s the only way to ensure diversity.” During the pandemic, the hardware team takes the necessary precautions when permitted and meets directly in the office, but most employees continue to work from home, which he hires even when it’s safe. It’s an approach that keeps going. I return to the office on a regular basis.

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