Total amount raised
$363 Million
Latest funding date
02/01/2025
Location
Quantum Machines has successfully raised funding over six rounds, with the latest being a Series C round involving seven investors, including PSG Equity as a lead investor. The company is backed by 18 investors, with notable names such as Intel Capital and Avigdor Willenz.
Keep reading to explore the intricacies of Quantum Machines' fundraising journey and the investors backing this innovative platform.
What Is Quantum Machines?
Quantum Machines is a leading provider of quantum control solutions, specializing in quantum-classical integration at scale with Hybrid Control. The company operates in industries such as Quantum Computing, Semiconductor, Software, and Software Engineering.
Founded in Claymont, Delaware, Quantum Machines has an employee count ranging from 101 to 250. The company has raised funding through multiple rounds, with the latest being a Series C round.
How Much Funding Has Quantum Machines Raised?
- Seed Round
- Amount Raised: USD 5,500,000
- Date: November 2018
- Lead Investors: TLV Partners
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To kickstart the development of their quantum control solutions and establish a strong foundation in the quantum computing industry.
- Series A
- Amount Raised: USD 17,500,000
- Date: March 2020
- Lead Investors: Avigdor Willenz, Harel Insurance and Financial
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand their team and accelerate the development of their hybrid control technology.
- Series B
- Amount Raised: USD 50,000,000
- Date: September 2021
- Lead Investors: Red Dot Capital Partners
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale their operations and enhance their technology to support more complex quantum computing tasks.
- Series B
- Amount Raised: Not publicly disclosed
- Date: October 2021
- Lead Investors: Qualcomm Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To further develop their quantum-classical integration capabilities and expand their market reach.
- Series B
- Amount Raised: USD 20,000,000
- Date: July 2022
- Lead Investors: Meron Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To continue their growth trajectory and invest in new technological advancements.
- Series C
- Amount Raised: USD 170,000,000
- Date: February 2025
- Lead Investors: PSG Equity
- Valuation at Round: USD 700,000,000
- Motivation Behind the Round: To drive the development of larger quantum computers, enhance their technology, expand their team, and forge new partnerships within the quantum computing ecosystem.
Total Amount Raised: USD 263,000,000. Current Valuation: USD 700,000,000.
Key Investors
- PSG Equity
- Details: PSG Equity is a private equity firm that partners with middle-market software and technology-enabled service companies to help them grow and scale. Founded in 2014, PSG has offices in Boston, Kansas City, London, Madrid, Paris, and Tel-Aviv.
- Investment Focus Areas: Software, technology-enabled services, growth-stage companies.
- Notable Investments: Assembly, Formstack, Signavio.
- Intel Capital
- Details: Intel Capital is the strategic investment arm of Intel Corporation, focusing on investing in innovative technology startups and companies worldwide. It aims to align its investments with Intel's strategic interests.
- Investment Focus Areas: Artificial intelligence, autonomous systems, quantum computing.
- Notable Investments: Cloudera, MongoDB, Movidius.
- Red Dot Capital Partners
- Details: Red Dot Capital Partners is a growth-stage venture capital firm that invests in technology companies with a focus on scaling and expanding their market presence. The firm is known for its strategic investments in innovative solutions.
- Investment Focus Areas: Growth-stage technology companies, innovative solutions, strong market potential.
- Notable Investments: Trax, Claroty, Guardicore.
- Avigdor Willenz
- Details: Avigdor Willenz is an individual investor with a history of successful investments in the technology sector. He is known for his strategic insights and contributions to the semiconductor and computing industries.
- Investment Focus Areas: Technology startups, semiconductor, computing.
- Notable Investments: Habana Labs (acquired by Intel), Annapurna Labs (acquired by Amazon).
- TLV Partners
- Details: TLV Partners is a venture capital firm focusing on early-stage investments in technology startups. The firm aims to support innovative companies from their inception through their growth stages.
- Investment Focus Areas: Early-stage technology startups, innovation, growth.
- Notable Investments: Next Insurance, Aqua Security, Guardicore.
What's Next for Quantum Machines?
Quantum Machines stands at the cusp of a transformative era in quantum computing. With the recent $170 million Series C funding, the company is poised to develop larger quantum computers, targeting systems with tens of thousands of qubits. This opportunity is monumental, as the quantum computing market is rapidly expanding, with significant advancements and milestones being achieved globally. The company's hybrid control platform, which integrates quantum and classical computing, positions it as a key player in the industry, enabling researchers to execute complex programs more efficiently.
Future fundraising opportunities appear promising, given the strong investor confidence and the company's solid business model. The oversubscribed funding round and the involvement of prominent investors like PSG Equity, Intel Capital, and Red Dot Capital Partners suggest potential for additional investments to support their ambitious goals. As Quantum Machines continues to innovate and expand, it is likely to attract further investments, driving the development of advanced quantum systems and forging new partnerships within the quantum computing ecosystem.
However, the path forward is not without challenges. The technical complexities of turning a quantum processor into a functional quantum computer require precise control and real-time data processing. Additionally, the company must continuously innovate to maintain its competitive edge in a rapidly evolving industry. Despite these hurdles, Quantum Machines' strategic collaborations and robust market position provide a strong foundation for future growth and success in the quantum computing landscape.
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