Israeli Quantum Computing Startup Quantum Machines Raises $5.5 Million
Quantum Machines develops software, hardware, and electronics for the nascent quantum computers industry
Hagar Ravet | 16:19 21.11.2018
Tel Aviv-based quantum computing startup Quantum Machines (QM) raised $5.5 million in a seed round led by Israeli venture capital firm TLV Partners, the company announced Wednesday. Venture capital firm Battery Ventures LP also participated in the round.
For daily updates, subscribe to our newsletter by clicking here.Quantum computing has the potential to drastically reduce computing time for complex problems. Google, IBM, Intel, and Alibaba have all embarked on initiatives related to quantum computing in recent years.