StoryFunding
Quantum Machines raises $170 million Series C led by PSG Equity
Quantum Machines raised $170 million, bringing its total to $280 million, in a round led by PSG Equity with Intel Capital and Red Dot Capital Partners. The company says more than half of the companies building quantum computers rely on its control systems. The valuation was not disclosed.
- About 200 employees in over 10 countries at the time.
- Customers span large corporations, national labs, university labs and startups.
- CEO Itamar Sivan called quantum one of the biggest technological races of the generation.