Quantum Machines Raises $170M as Its Customer Base Exceeds 50% of Companies Developing Quantum Computers

Quantum Machines Raises $170M as Its Customer Base Exceeds 50% of Companies Developing Quantum Computers

February 26, 2025
Quantum Machines (QM), a leading provider of advanced quantum control solutions, today announced it has raised $170 million in Series C funding, bringing the company’s total funding to date to $280 million. The investment comes as the majority of quantum computing companies now rely on QM’s technology to build and scale their systems. The highly oversubscribed round was led by PSG Equity with participation from Intel Capital, Red Dot Capital Partners, and existing investors, and marks one of the largest rounds of funding in the quantum industry.

NTU and NUS Spin-Off Cutting-Edge Quantum Control Technology

NTU and NUS Spin-Off Cutting-Edge Quantum Control Technology

December 27, 2024
Quantum technology jointly developed at Nanyang Technological University, Singapore (NTU Singapore) and National University of Singapore (NUS) has now been spun off into a new deep tech startup, AQSolotl.

RIKEN, NTT, and Amplify Inc. Introduce General-Purpose Optical Quantum Computer

RIKEN, NTT, and Amplify Inc. Introduce General-Purpose Optical Quantum Computer

November 12, 2024
A collaboration between RIKEN, NTT, and Amplify Inc. has developed the world’s first general-purpose optical quantum computer, which is accessible through the cloud system and is designed to advance large-scale quantum calculations.

Intel Has Recently Launched a Millikelvin-Level Low-Temperature Quantum Control Chip Named “Pando Tree”

Intel recently introduced a millikelvin-level low-temperature quantum control chip named "Pando Tree." Intel claims it is the industry's first demonstration of a low-temperature control electronic device capable of controlling spin qubits within a dilution refrigerator. Utilizing Pando Tree's demultiplexing capabilities, Intel needs only about 20 cables to control one million qubits. This innovation represents a significant step forward in addressing the wiring bottleneck that limits the scaling of quantum computing.

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Qblox Secures $26 Million in Series a Funding to Accelerate Quantum Control Stack Development

Qblox Secures $26 Million in Series a Funding to Accelerate Quantum Control Stack Development

June 21, 2024
Qblox, a leading innovator in quantum technology, announces the successful closure of its Series A funding round, securing $26 million in investment led by Quantonation and Invest-NL Deep Tech fund and with the participation of QDNL participations and the European Innovation Council (EIC).

AIST and Keysight Technologies Have Signed a MOU to Carry Out In-Depth Cooperation in the Field of Quantum Technology

The National Institute of Advanced Industrial Science and Technology (AIST) of Japan recently announced that it has signed a Memorandum of Understanding (MOU) with Keysight Technologies to jointly carry out quantum research and drive the industrialization of quantum technology.

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Four Companies Have Joined Forces to Launch a 25-Qubit Superconducting Quantum Computing System and Have Integrated It With Supercomputing

The German research center Jülich, Frankfurt University, ParTec, and Quantum Machines have collaborated to develop a 25-qubit superconducting quantum computing system, which has been integrated into the supercomputing infrastructure at the Jülich Supercomputing Center. Reportedly, the system utilizes QuantumWare's quantum chips, Bluefors' cryogenic refrigerator, Quantum Machines' OPX quantum control system, and the QBridge software environment introduced through collaboration between ParTec and Quantum Machines.

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Four-Way Excellence for a New 10+ Qubit Quantum Computing System at Forschungszentrum Jülich

Four-Way Excellence for a New 10+ Qubit Quantum Computing System at Forschungszentrum Jülich

May 23, 2024
Four world-leaders are joining forces for pushing the realisation of quantum computers and their integration in HPC systems forward: Forschungszentrum Jülich, Goethe-University Frankfurt, ParTec and Quantum Machines have partnered for developing a 10+ superconducting qubit system and integrating it into the supercomputing infrastructure of the Jülich Supercomputing Centre.

Experiment Opens Door for Millions of Qubits on One Chip

Experiment Opens Door for Millions of Qubits on One Chip

May 7, 2024
Researchers from the University of Basel and the NCCR SPIN have achieved the first controllable interaction between two hole spin qubits in a conventional silicon transistor. The breakthrough opens up the possibility of integrating millions of these qubits on a single chip using mature manufacturing processes.

A Blueprint for Making Quantum Computers Easier to Program

A Blueprint for Making Quantum Computers Easier to Program

April 18, 2024
A CSAIL study highlights why it is so challenging to program a quantum computer to run a quantum algorithm, and offers a conceptual model for a more user-friendly quantum computer.
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