Overview

• Quantum Machines raised $170 million in a Series C funding round led by PSG Equity, with Intel Capital and Red Dot Capital Partners also participating.
• The company provides quantum control solutions and is utilized by more than half of all quantum computing companies worldwide, including large corporations, startups, national labs, and universities.
• The funding will support the development of next-generation technology, scaling quantum computers to tens of thousands of qubits, and expanding global operations and hiring.
• Recent quantum breakthroughs from Google and Microsoft, including Google's Willow chip and Microsoft's Majorana 1 chip, have fueled optimism and investment in the sector.
• Quantum Machines remains technology-agnostic, positioning itself as a critical infrastructure provider for the rapidly evolving quantum computing industry.