Insider Brief
- Israeli quantum computing startup Quantum Machines is reportedly raising $100 million, which could be the largest funding round in the country’s quantum technology sector, according to the Israeli tech press.
- Founded in 2018, Quantum Machines specializes in control technologies for quantum computers and has raised about $90 million to date from investors including Samsung Next and Battery Ventures.
- The company’s technologies are central to Israel’s national quantum computing center, opened in 2024, which supports research across hardware and software layers.
Israeli quantum computing startup Quantum Machines is said to be raising $100 million in what is expected to be the largest funding round in Israel’s quantum technology sector to date, according to Israeli tech media outlet, Calcalist. The funding, sought at a significantly higher valuation than previous rounds, is a sign of both the growing global competition in quantum computing and Israel’s ambitions in the sector.
Quantum Machines declined to comment on the ongoing funding round, Calcalist reports.
Founded in 2018 by Dr. Itamar Sivan, Dr. Yonatan Cohen and Dr. Nissim Ofek — physicists with expertise in quantum computing and quantum electronics — Quantum Machines has taken their own path to quantum innovation. In what might be described as a selling picks and shovels during the Gold Rush approach, the company has concentrated on control technologies rather than a constructing a full quantum computer. In this model, the company provides essential hardware and software for operating and integrating quantum systems with conventional computing environments.
A Growing Player in Quantum Tech
Quantum Machines has raised around $90 million to date from investors including Battery Ventures, Samsung Next, and Red Dot Capital Partners, according the The Quantum Insider’s Intelligence Platform . The company’s strategy reflects its acknowledgment of the challenges of competing against well-funded global tech giants and the lengthy timelines required to develop fully operational quantum computers.
By focusing on modular and interoperable solutions, Quantum Machines has carved out a niche in quantum control systems, becoming a key player in enabling the broader quantum ecosystem.
In 2022, the company expanded its footprint by acquiring QDevil, a Danish firm specializing in components for quantum computers. QDevil now serves as Quantum Machines’ European hub. This acquisition complements Quantum Machines’ ongoing collaboration with Nvidia, including the development of the DGX Quantum system, which integrates Nvidia’s high-performance computing capabilities with Quantum Machines’ technologies, according to Calcalist. The system is already operational at Israel’s national quantum computing center, signaling a strong endorsement of the company’s approach, the media outlet reports.
Israel’s Quantum Ambitions
Another example of Quantum Machines’ leadership in Israel’s quantum landscape is its role in establishing the country’s national quantum computing center. Opened in 2024 at Tel Aviv University, the NIS 100 million facility—two-thirds funded by the Israel Innovation Authority—provides a platform for research across hardware and software layers, leveraging three different quantum processing technologies.
Sivan emphasized the need for open access and cutting-edge capabilities during the center’s inauguration.
“All of the world’s most advanced quantum computing research facilities are closed or offer very limited access to those outside of their organization,” said Sivan during the opening. “You can’t compete if you need to fly halfway around the world for limited access. When we thought about what would propel quantum computing forward, we realized that building the most advanced facility in terms of interoperability, modularity, and integration with high-performance computing (HPC) and the cloud was the way to go. Our open architecture approach will ensure that the facility can be continuously upgraded and scaled to stay at the cutting edge, making it an accelerator for the entire ecosystem in Israel and internationally.”
Important Challenges, Global Opportunities
If true, the $100 million funding round would position Quantum Machines as a significant player in the global quantum race. However, the company faces stiff competition from multinational corporations and other startups vying for dominance in quantum computing — a field that promises revolutionary applications but remains in early stages of practical implementation.
Further, a new funding round for Quantum Machines would not only boost its valuation but also signal investor confidence in Israel’s growing role in the quantum sector.
