Quantum Machines (QM), an Israeli startup, funded with $5.5 million by Battery Ventures and TLV Partners, has just announced that it has raised $17.5 million more in venture capital. Israeli entrepreneur Avigdor Willenz and venture firm Harel led the round of funding, which included participation from previous investors.
Quantum Machines has created its own dedicated hardware processor to manage or “orchestrate” the pulses flowing in and out of a quantum processor.The company also has software that makes it possible to write algorithms in the QUA programming language it has written.
In just under two years, the company has already sold the system to several large corporations developing quantum computing, as well as government labs and academic institutions. (VentureBeat)
Read more.
