Quantum Machines, a provider of advanced quantum control solutions, announced it has raised $170 million in Series C funding, bringing the company’s total funding to date to $280 million.
The investment round was led by PSG Equity with participation from Intel Capital, Red Dot Capital Partners, and existing investors.
“This significant investment is a testament to the strength of our business model and growth trajectory,” said Nir Ackerman, CFO at Quantum Machines.
“With this funding, we believe that we are well-positioned to accelerate our expansion, drive innovation, and create long-term value for our stakeholders. We are excited to build on this momentum and execute on our vision with the support of our investors,” added Nir Ackerman.
Quantum Machines offers hybrid control technology that enables seamless execution of some of the most demanding computational requirements across all types of quantum computers.