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- Quantum Machines
Quantum Machines Valuation, Funding & Investors
Quantum Machines is valued at $700M as of February 2025.
Last Quantum Machines valuation
$700M
Series C · Feb 2025
Last Quantum Machines funding round
$170M
Series C · Feb 2025
Cumulative funding Quantum Machines raised
$263M
across 5 funding rounds
Key investors in Quantum Machines
Battery Ventures
TLV Partners
Red Dot Capital Partners
Samsung NEXT
Meron Capital
Avigdor Willenz
About Quantum Machines
Quantum Machines is a Tel Aviv-headquartered provider of quantum control infrastructure. It offers the OPX series of hybrid controllers that integrate classical and quantum processors for photonic, superconducting, and trapped-ion systems. The platform enables real-time pulse processing and error correction, supporting over 100-qubit experiments. Adopted by labs at Harvard, Oxford, and IBM, it accelerates quantum algorithm development through its open-source QUA programming language.
Founded
2018
HQ
Website
Status
Privately held
Customer focus
B2B
Revenue model
Product sales
Valuation
$700M (Feb 2025)
Quantum Machines Valuation
Quantum Machines is currently valued at $700M, based on its Series C in February 2025.
The $170M round was led by PSG Equity, with participation from Avigdor Willenz, Battery Ventures, TLV Partners, Union Tech Ventures, Intel Capital and 1 other investor.
Quantum Machines valuation by funding round
| Date | Stage | Valuation |
|---|---|---|
| Feb 2025 | Series C | $700M |
Quantum Machines Funding History
Quantum Machines has raised a total of $263M across 5 funding rounds.
Quantum Machines' first fundraising round was a $6M seed round in November 2018. The most recent completed round was a $170M Series C in February 2025.
Quantum Machines funding rounds
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| Feb 2025 | Series C | PSG Equity (lead); Avigdor Willenz; Battery Ventures; TLV Partners; Union Tech Ventures; Intel Capital; Red Dot Capital Partners | $170M | $700M | Quantum Machines (QM), an Israeli startup, develops advanced quantum control solutions that enable quantum computing companies to build and scale their systems. The company's technology is used by more than half of all quantum computing companies worldwide, positioning it as a key infrastructure provider agnostic to specific quantum modalities. On February 25, 2025, QM raised $170 million in an oversubscribed Series C funding round led by PSG Equity, with participation from Intel Capital, Red Dot Capital Partners, and existing investors including Avigdor Willenz, Battery Ventures, TLV Partners, and Union Tech Ventures. This brought total funding to $280 million (or $263 million per some trackers), marking one of the largest rounds in the quantum industry. Sources report a post-money valuation of $700 million. Funds will support development of larger quantum computers, technology enhancements, team expansion, and new partnerships in the quantum ecosystem. The round reflects accelerating quantum breakthroughs and QM's market leadership amid industry inflection. QM's traction includes reliance by leading quantum firms, with prior rounds like a $50 million Series B in 2020 signaling growing investor confidence in quantum infrastructure over hardware builders. The 2025 raise underscores strategic investments in quantum control as the sector matures toward commercial viability. |
| Jul 2022 | Series B | Meron Capital (lead); Qualcomm Ventures; Samsung NEXT; Alumni Ventures; Red Dot Capital Partners | $20M | - | Quantum Machines develops quantum control solutions, including hardware and software, to enable practical quantum computers by orchestrating quantum processors across various qubit technologies. The company provides full-stack quantum control infrastructure used in nearly 300 quantum computing facilities worldwide by 2022, supporting research and development in quantum error correction, scaling to thousands of qubits, and hybrid quantum-classical systems. Founded in 2018 by physicists from the Weizmann Institute, it operates teams in Israel, the US, Europe, and Canada, with over 150 employees by 2022. In July 2022, Quantum Machines raised $20 million in a Series B extension round led by Meron Capital, with participation from Alumni Ventures, Qualcomm Ventures, Red Dot Capital Partners, Samsung NEXT, and others, bringing total funding to $100 million. This followed a $50 million Series B in September 2021 led by Red Dot Capital Partners. The 2022 round aimed to continue growth and invest in technological advancements amid rising quantum industry maturity. Traction in 2022 included tripling its interdisciplinary team, acquiring Danish startup QDevil for quantum electronic components, strategic collaboration with Nvidia on DGX Quantum systems, and selection to build Israel's national quantum computing center at Tel Aviv University, funded partly by the Israel Innovation Authority. The company positioned itself as infrastructure for all quantum computer types, not a qubit builder, amid a surge in corporate proof-of-concept projects and industry investments. |
| Sep 2021 | Series B | Red Dot Capital Partners (lead); Samsung NEXT; Atreides Management; Battery Ventures; i2i Ventures; Claridge Israel; TLV Partners; Valor Equity Partners; Exor Ventures; Cerca Partners | $50M | - | Quantum Machines is a provider of quantum control solutions, focusing on quantum-classical integration through its Hybrid Control platform to support scaling quantum computers across various qubit technologies. The company, founded with operations in Israel and international teams, raised $50 million in a Series B round in September 2021 led by Red Dot Capital Partners, with participation from Atreides Management, Battery Ventures, Cerca Partners, Claridge Israel, Exor Ventures, i2i Ventures, Samsung NEXT, TLV Partners, and Valor Equity Partners, bringing total funding to $73 million at that time. This marked the largest investment in a quantum infrastructure company not building quantum computers, aimed at scaling operations, tripling the team of physicists and engineers across Israel, France, Germany, Canada, and the US, and developing cloud infrastructure for quantum computers. The round reflected growing investor confidence in quantum computing's maturation, contrasting with average 2020 quantum startup deals under $10 million, amid corporate proof-of-concept investments and billions poured into the sector. Quantum Machines positioned itself as infrastructure for all quantum computer types and brands, enabling complex programs and supporting industry-wide scaling to tens of thousands of qubits. Post-2021, Quantum Machines continued raising capital, reaching total funding of $263 million by 2025 with a $170 million Series C in February 2025 led by PSG Equity alongside Intel Capital and Red Dot. Later customer base exceeded 50% of quantum developers, with collaborations like NVIDIA's DGX Quantum. |
| Mar 2020 | Series A | Avigdor Willenz (lead); Harel Hamishmar (lead); Battery Ventures; TLV Partners; Meron Capital | $18M | - | Quantum Machines raised $17.5 million in a Series A funding round on March 19, 2020, led by Avigdor Willenz and Harel Hamishmar, with participation from TLV Partners and Battery Ventures. The funding aimed to accelerate adoption of the company's Quantum Orchestration Platform, a hardware and software solution for controlling and operating quantum computers. The platform supports multinational corporations at the forefront of quantum computing development. Founded in 2018, Quantum Machines develops hybrid control technology applicable to all types of quantum computers. The Series A followed a $5.5 million seed round led by TLV Partners in November 2018. The company has offices in Israel and other countries, focusing on enabling complex computational tasks in quantum systems. |
| Nov 2018 | Seed | TLV Partners (lead); Battery Ventures | $6M | - | Quantum Machines was founded in 2018 by Drs. Itamar Sivan, Yonatan Cohen, and Nissim Ofek, three physics PhDs with expertise in quantum computing and quantum electronics. The company develops control and operation systems for quantum computers, positioning itself as infrastructure-layer software rather than attempting to build full quantum computers themselves. In its seed round, Quantum Machines raised $5.5 million from venture-capital firms TLV Partners (lead) and Battery Ventures. The funding was allocated toward developing the company's first system, the OPX+, and the company was already working with leading quantum-computing groups worldwide at the time of the raise. |
Who has invested in Quantum Machines?
18 investors have backed Quantum Machines across its funding rounds, including Battery Ventures, TLV Partners, Red Dot Capital Partners, Samsung NEXT, Meron Capital and Avigdor Willenz.
Lead investors include PSG Equity, Meron Capital, Red Dot Capital Partners, Avigdor Willenz, Harel Hamishmar and 1 other investor.
Quantum Machines Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 4 | Participant | Nov 2018 | ||
| 4 | Lead | Nov 2018 | ||
| 3 | Lead | Sep 2021 | ||
| -- | 2 | Lead | Mar 2020 | |
| 2 | Participant | Sep 2021 | ||
| 2 | Lead | Mar 2020 | ||
| 1 | Participant | Jul 2022 | ||
| 1 | Participant | Sep 2021 | ||
| 1 | Participant | Sep 2021 | ||
| 1 | Participant | Jul 2022 | ||
| 1 | Participant | Sep 2021 | ||
| 1 | Lead | Mar 2020 | ||
| 1 | Participant | Sep 2021 | ||
This data is available for Pro users. Sign up to see all 18 Quantum Machines investors. Start Free Trial | ||||
Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
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Start Free TrialAcquisitions by Quantum Machines
Quantum Machines has acquired 3 companies to date.
Last acquisition by Quantum Machines was on June 16th 2026. Quantum Machines acquired PCB Design for undisclosed valuation.
Latest Acquisitions by Quantum Machines
| Description | Yash Patel is a General Partner at Titanium Ventures in San Francisco. Patel previously worked as an investor at OpenGov Inc and attended University College London. | QHarbor is a data storage and visualization platform for physics researchers and data-driven scientists. The secure repository holds measurement data in line with management best practices. | QDevil is a Copenhagen-based supplier of cryogenic equipment for quantum electronics research labs. The company produces QFilter coaxial filters, tested at Harvard University and University of Copenhagen, reducing noise in millikelvin setups for qubit experiments. Founded in 2019, QDevil delivers components to institutions like Delft University and IBM Quantum, enabling focus on scientific measurements over hardware fabrication. |
| HQ Country | |||
| HQ City | Budapest | Delft | Copenhagen |
| Deal Date | 16 Jun 2026 | 4 May 2026 | 30 Mar 2022 |
| Valuation | undisclosed | undisclosed | undisclosed |
| EV/Revenue | |||
| EV/EBITDA | |||
This data is available for Pro users. Sign up to see all Quantum Machines acquisitions and their M&A valuation multiples. Start Free Trial | |||
Quantum Machines Competitors
Quantum Machines competitors include listed companies like D-Wave Quantum and Northern Data, and private ones like IQM Quantum Computers, QuEra Computing, SeeQC and Riverlane.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Private | $35M | - | $1B | 28.6x | ||
| Private | $41M | - | $1B | 24.4x | ||
| Private | - | - | $1B | - | ||
| Private | $3M | - | $400M | 133.3x | ||
| Publicly listed | $25M | ($373M) | $6.7B | 166.4x | ||
| Publicly listed | $92M | ($36M) | $624M | - |
Quantum Machines Public Comps
Quantum Machines is still privately-owned, but its public comps include Whitefiber, Northern Data, Fixstars, SemiFive, Corvex, QumulusAI, Exascale Labs, Stradvision, POET Technologies and Boost Run.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $79M | ($2M) | 12.1x | 7.9x | (412.2x) | 25.8x | |||
| $92M | ($36M) | 15.4x | - | (39.8x) | - | |||
| $62M | $18M | 6.7x | 5.9x | 23.5x | - | |||
| $80M | ($31M) | 5.5x | 3.5x | (14.0x) | (31.6x) | |||
| $433K | ($15M) | 2054.0x | - | (57.9x) | - | |||
| $13M | $3M | 27.0x | - | 122.7x | - | |||
| $7M | ($8M) | 26.2x | - | (24.0x) | - | |||
| $13M | ($21M) | 6.6x | 6.9x | (4.2x) | - | |||
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Common questions about Quantum Machines
| When was Quantum Machines founded? | Quantum Machines was founded in 2018. |
| Where is Quantum Machines headquartered? | Quantum Machines is headquartered in Wilmington, DE, United States. |
| Is Quantum Machines publicly listed? | No, Quantum Machines is a private, VC-backed company. |
| What is Quantum Machines' valuation? | Quantum Machines was last valued at $700M in its Series C in February 2025. |
| How much funding has Quantum Machines raised? | Quantum Machines has raised $263M across 5 funding rounds. |
| What was Quantum Machines' last funding round? | Quantum Machines' last funding round was a $170M Series C in February 2025, led by PSG Equity. |
| Who are Quantum Machines' investors? | Quantum Machines' investors include Battery Ventures, TLV Partners, Red Dot Capital Partners, Avigdor Willenz, Samsung NEXT, Meron Capital, Qualcomm Ventures, Atreides Management, i2i Ventures, Alumni Ventures and 8 others. |
| Which companies are comparable to Quantum Machines? | Companies comparable to Quantum Machines include IQM Quantum Computers, QuEra Computing, SeeQC, Riverlane, D-Wave Quantum and Northern Data. |
| How many companies has Quantum Machines acquired? | Quantum Machines has acquired 3 companies, including PCB Design, QHarbor and QDevil. |
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