# Quantum Machines raises $170 million Series C led by PSG Equity

Canonical page: https://technooptimist.io/stories/quantum-machines-raises-170-million-series-c-led-by-psg-equity-2b94bd00
Date: 25 Feb 2025
About: [Quantum Machines](https://technooptimist.io/companies/quantum-machines.md)
Original source: https://www.fortune.com/2025/02/25/quantum-machines-computing-startup-170-million-series-c-funding

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.

## Key facts

- 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.

---

The Techno Optimist tracks every frontier of technology, program by program: https://technooptimist.io/ (a Markdown version of any page: add .md to its URL; site map for agents: https://technooptimist.io/llms.txt).
Data API (JSON, realtime stream): https://technooptimist.io/developers. People read 5 pages free, then Reader $10/month; these Markdown pages are open to agents.