What is Quantum Source?
Founded in 2021 and headquartered in Rehovot, Israel, Quantum Source is actively engaged in the development and manufacturing of quantum computer technology. The company operates within a rapidly evolving and highly competitive field, aiming to leverage the unique properties of quantum mechanics to solve complex computational problems that are intractable for classical computers. Its focus on this cutting-edge technology positions it as a key player in the future of computing.
How much funding has Quantum Source raised?
Quantum Source has raised a total of $67M across 2 funding rounds:
Angel/Seed
$17M
Series A
$50M
Angel/Seed (2022): $17M with participation from Dell Technologies Capital, Eclipse, Grove Ventures Ltd, 10d, and Pitango First
Series A (2024): $50M led by Dell Technologies Capital, Standard Industries, and Eclipse Ventures
Key Investors in Quantum Source
Dell Technologies Capital
Dell Technologies Capital (DTC) is a venture investment team that focuses on early-stage investments in companies developing innovative enterprise technologies. DTC aims to partner with visionary founders who are tackling significant technical challenges and driving industry-leading innovations.
Eclipse
Eclipse Development Group excels in developing partnerships with municipalities, and tenants to achieve aesthetically attractive quality projects that go beyond expectations of which communities can take pride in for generations to come.
Standard Industries
Standard Industries is a global building materials manufacturing and supply company. Their products include a variety of roofing, waterproofing, insulation, and aggregate, as well as solar solutions and real estate and investment solutions.
What's next for Quantum Source?
The recent major strategic investment, following substantial prior funding, indicates Quantum Source is likely in a scaling or expansion phase, possibly preparing for broader commercialization or significant technological advancements. This capital will be crucial for R&D, talent acquisition, and potentially expanding manufacturing capabilities. The company's trajectory suggests a focus on solidifying its position in the quantum computing market and exploring strategic partnerships to drive adoption of its technology.
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