Operating System Quantum Machines Raises $5.5 Million
December 3, 2018
Quantum Machines, a startup developing control and operation systems for quantum computers, raised $5.5 million in seed financing from venture capital firms TLV Partners and Battery Ventures.
The firm, based in Israel, was founded by Itamar Sivan, Yonatan Cohen, and Nissim Ofek — three physics Ph.D.s in the fields of quantum computing and electronics — to build hardware and software for users across industries to solve computing problems far more quickly than traditional technology. This computational power stems from the exotic behavior of the fundamental building blocks of the quantum processors—the quantum bits (qubits).