# Quantum Source Labs

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

- Industry: Hardware
- Headquarters: Ness Ziona, Israel
- Website: www.qs-labs.com
- Total disclosed funding: $77M
- Latest round: Series A (Sep 10, 2024)
- Investors on record: 8

## About

Founded in 2021 and based in Ness Ziona, Israel, Quantum Source Labs Ltd. operates as a quantum computing company that develops photonic technology that enables pharma companies to ramp up the development of new drugs, introduce new medicines to the market, and support physicians with treatment optimization for complex diseases. In September 2024, Quantum Source raised USD 50 million in series A funding led by returning investor Eclipse Ventures, with participation from new investors Standard Investments, Level Ventures, and Canon Equity. Other returning investors Pitango Venture Capital, Grove Ventures, 10D, and Dell Technologies Capital also participated in the round.

The company plans to use the September 2024 funding to enhance its engineering capabilities and accelerate the commercialization of its photonic quantum computing solutions.

## Funding rounds

- Series A, Sep 10, 2024, $50M — Pitango, Eclipse Ventures, Grove, Dell Technologies Capital, Level Ventures, Standard Investments, 10D, Canon Equity
- Seed, Apr 18, 2023, $12M — Pitango, Eclipse Ventures, Grove, Dell Technologies Capital, 10D
- Seed, Jul 1, 2022, $15M — Pitango, Eclipse Ventures, Grove

## Investors

- Pitango (https://capitalatlas.ai/funds/pitango) — Seed, Series A
- Eclipse Ventures (https://capitalatlas.ai/funds/eclipse-ventures) — Seed, Series A
- Grove (https://capitalatlas.ai/funds/grove) — Seed, Series A
- Dell Technologies Capital (https://capitalatlas.ai/funds/dell-technologies-capital) — Seed, Series A
- 10D (https://capitalatlas.ai/funds/10d) — Seed, Series A
- Level Ventures (https://capitalatlas.ai/funds/level-ventures) — Series A
- Standard Investments (https://capitalatlas.ai/funds/standard-investments) — Series A
- Canon Equity — Series A