Quantum Machines Raises $170M to Advance Quantum Computing




📅 - Quantum control systems provider Quantum Machines (QM) has secured $170 million in Series C investment, increasing its total capital to $280 million. The investment comes as most quantum computing firms now construct and grow their systems using QM's technology. One of the biggest fundraising rounds in the quantum sector, the heavily oversubscribed round was headed by PSG Equity and included Intel Capital, Red Dot Capital Partners, and current investors.

2024 has been a landmark year for quantum computing, with ground-breaking developments in the sector establishing essential building blocks: Researchers made significant progress in implementing quantum error correction, spearheaded by [...][... Check source for end of article ...]
Tags: Quantum Computing

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