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
Enterprise big compute in the cloud provider Rescale completed its Series B round of $32 million in funding, raising total investment in the company to $52 million. Initialized Capital, Keen Venture Partners and SineWave Ventures led the round, joining 30 existing and new investors including
IoT Edge platform company IOTech acquired $2.5 million in seed funding to accelerate the development of its products and services, enhance support for its partner ecosystem, and expand its local presence. Dell Technologies Capital is an investor and Innovate UK is providing R&D funding. Founded by
Today a new company, Ampere, was launched with a goal of the building processors to improve memory performance, cost, space and power constraints for emerging hyperscale cloud applications and next-generation data centers. The company is backed by The Carlyle Group, the global alternative asset management
Artificial intelligence startup 1QBit acquired $45 million in Series B financing, led by Fujitsu-Siemens, with participation from Accenture Ventures, Allianz Digital Corporate Ventures, and CME Group. According to the company, 1QBit is dedicated to building quantum and quantum-inspired software to solve the world’s most demanding computational
Enterprise IT startup Emu Technology completed $5 million in Series A financing. Three investors participated in the round: Samsung Ventures, Blu Venture Investors, and Irish Angels. According to the company, for the past five years Emu Technology has been developing an Exascale-capable computing architecture, featuring proprietary,
Semiconductors startup Aquantia brought in $61.2 million in its initial public offering on Friday, after pricing shares at $9. It closed the day of trading at $9.51. Aquantia develops Ethernet connectivity solutions for cloud computing and next generation enterprise networks to help businesses convert from outdated
Software startup Altair Engineering raised $156 million in an IPO of 12 million shares at $13. Altair Engineering provides enterprise analytics, engineering, and on-demand computing software technologies to optimize business and engineering information management. The company's products include HyperWorks, an enterprise simulation solution for design exploration
Edtech startup Linux Academy and Cloud Assessments announced the close of $6.8 million in Series A financing led by Arthur Ventures. Linux Academy’s cloud-computing education platform tests students in live server environments. Through self-paced courses, hands-on labs, six cloud servers, personal access to expert instructors, and
Metaform announced the completion of a seed round from an undisclosed investor. Metaform is an invention studio that provides intellectual property and expertise to Fortune 500 and Global 1000 companies, startups, government agencies and partners. It creates ambient computing technologies, which bridge physical and digital environments