# Quantum Machines

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/quantum-machines

- Industry: Hardware
- Headquarters: Tel Aviv, Israel
- Website: www.quantum-machines.co
- Total disclosed funding: $263M
- Latest round: Series C (Feb 25, 2025)
- Investors on record: 15

## About

Based in Israel, Quantum Machines specializes in advanced quantum computing control systems, enhancing the integration of quantum and classical operations for research and development across various sectors.Founded in 2018 in Tel Aviv, Israel, Quantum Machines develops solutions for optimizing quantum computing environments. The company has closed 6 deals and raised a total of USD 170.00 mn in funding, with the latest Series C round occurring on February 25, 2025, led by PSG Equity and including investors like Intel Capital and Red Dot Capital Partners. Nissim Ofek is the founder, with Itamar Sivan serving as CEO.Quantum Machines specializes in hybrid control systems designed to optimize both quantum and classical operations within quantum computing environments. Their flagship offerings include the OPX (Quantum Orchestration Platform), OPX+, and HPU (Hybrid Processing Unit), which provide seamless integration of quantum control and classical computing. These products enable researchers and developers to conduct experiments with unprecedented speed and efficiency, addressing challenges such as high latency and disjointed control systems. The OPX platform allows users to write and execute complex quantum and classical sequences using the QUA programming language, enhancing usability and experimental throughput. Quantum Machines serves a diverse clientele across the globe, including academic institutions, research labs, and commercial enterprises involved in quantum technology development, particularly in North America and Europe.Quantum Machines generates revenue primarily through direct sales of its control systems, subscriptions for software updates, and support services. The company's transactional structure is predominantly B2B, with clients purchasing hardware and software solutions to enhance their quantum research capabilities. These transactions often involve comprehensive packages that include technical support and customization tailored to meet the specific needs of clients in advanced quantum computing. Revenue from these engagements is supported by ongoing maintenance and updates, ensuring clients benefit from the latest technological advancements. Additionally, strategic partnerships with research institutions and industry leaders further contribute to the company's revenue stream, solidifying its position in the rapidly evolving quantum technology landscape.In February 2025, Quantum Machines raised USD 170.00 mn in Series C funding, led by PSG Equity, to support the development of quantum control technology and expand their quantum computing solutions. The company plans to launch new products aimed at enhancing quantum control capabilities, with ongoing advancements expected in the next 18 months. Additionally, Quantum Machines is targeting expansion into markets across Europe and Asia, with the intention of establishing a stronger presence in these regions by late 2025.

## Funding rounds

- Series C, Feb 25, 2025, $170M — Intel Capital, Red Dot Capital Partners, PSG Equity
- Series B, Jan 18, 2023, $20M — Qualcomm Ventures, Alumni Ventures Group, Samsung NEXT Ventures, Red Dot Capital Partners, Meron Capital
- Series B, Oct 26, 2021 — Qualcomm Ventures, Alumni Ventures Group
- Series B, Sep 5, 2021, $50M — Battery Ventures, Valor Equity Partners, EXOR, TLV Partners, Samsung NEXT Ventures, Red Dot Capital Partners, Claridge Israel, Atreides Management, I2I Ventures
- Series A, Mar 19, 2020, $18M — Battery Ventures, Harel Insurance Investments, TLV Partners, Meron Capital
- Seed, Nov 21, 2018, $5.5M — Battery Ventures, TLV Partners

## Investors

- Battery Ventures (https://capitalatlas.ai/funds/battery-ventures) — Seed, Series A, Series B
- TLV Partners (https://capitalatlas.ai/funds/tlv-partners) — Seed, Series A, Series B
- Harel Insurance Investments — Series A
- Meron Capital (https://capitalatlas.ai/funds/meron-capital) — Series A, Series B
- Valor Equity Partners (https://capitalatlas.ai/funds/valor-equity-partners) — Series B
- EXOR — Series B
- Samsung NEXT Ventures (https://capitalatlas.ai/funds/samsung-next-ventures) — Series B
- Red Dot Capital Partners (https://capitalatlas.ai/funds/red-dot-capital-partners) — Series B, Series C
- Claridge Israel (https://capitalatlas.ai/funds/claridge-israel) — Series B
- Atreides Management (https://capitalatlas.ai/funds/atreides-management) — Series B
- I2I Ventures (https://capitalatlas.ai/funds/i2i-ventures) — Series B
- Qualcomm Ventures (https://capitalatlas.ai/funds/qualcomm-ventures) — Series B
- Alumni Ventures Group (https://capitalatlas.ai/funds/alumni-ventures-group) — Series B
- Intel Capital (https://capitalatlas.ai/funds/intel-capital) — Series C
- PSG Equity (https://capitalatlas.ai/funds/psg-equity) — Series C