TEL AVIV, Israel, Jan. 18, 2023 /PRNewswire/ -- Quantum Machines, the provider of breakthrough quantum control solutions that accelerate the realization of practical quantum computers, announced today that its customer base has grown sharply over the past year, reaching more than 280 quantum computing facilities worldwide. Additionally, the company announced that it has raised another $20M in funding, bringing the company's total funding to $100M. The round included participation from new and existing investors.
The quantum computing industry continues to make steady progress, bolstered by the exponential growth in public and private investment, which reached $35.5B by 2022 according to the World Economic Forum. While there are still open questions as to the architecture of future quantum computers, we are edging closer to the realization of practical quantum computing use cases.
Quantum Machines is uniquely positioned in the quantum computing space, with advanced quantum control technology that will be at the core of future quantum data centers yet provides tangible value today. The company's solution can control a wide range of qubit types, and customers typically see a more than 100x speedup of quantum workloads when integrating it with their existing hardware.
This has led to the widespread adoption of Quantum Machines' technology, which is now used by over 280 customers in 23 countries, powering a large portion of the quantum computers operated by cloud providers, research labs, national centers, and high-performance computing (HPC) centers.
"Businesses and governments around the world see the disruptive potential of quantum computers," said Itamar Sivan, co-founder and CEO of Quantum Machines. "They are investing heavily today to position their organizations and countries at the forefront of the quantum computing revolution. Their mindset is clear ? losing is not an option. Quantum Machines' solution helps them get more out of their quantum investment today, while our scalable and flexible architecture ensures their quantum infrastructure is future-proof and will be compatible with the quantum technologies of tomorrow."
Quantum Machines had a breakout year in 2022, reaching a number of significant milestones, including:
About Quantum Machines
Quantum Machines (QM) drives quantum breakthroughs that accelerate the path towards the new age of quantum computing. The company's Quantum Orchestration Platform (QOP) fundamentally redefines the control and operations architecture of quantum processors. The full-stack hardware and software platform is capable of running even the most complex algorithms right out of the box, including quantum error correction, multi-qubit calibration, and more. Helping achieve the full potential of any quantum processor, the QOP allows for unprecedented advancement and speed-up of quantum technologies as well as the ability to scale into the thousands of qubits. Visit us at: www.quantum-machines.co
Media Contact:
Gavriel Cohen
[email protected]
+914-336-4633
SOURCE Quantum Machines
These press releases may also interest you
|