Drs. Itamar Sivan, Yonatan Cohen and Nissim Ofek founded Quantum Machines in order to build the classical hardware and software that will allow organisations across industries to realize the potential of quantum processors. Quantum computers hold a great promise to deliver immense computational power, as they will enable organisations to solve computing problems far more quickly than traditional technology. This computational power stems from the exotic behaviour of the fundamental building blocks of the quantum processors - the quantum bits (qubits).
"We are on a mission to revolutionize computing", stated Itamar Sivan, Quantum Machines' CEO. "We are tackling huge technological and scientific challenges with relevance in sectors ranging from transportation to medicine to artificial intelligence. The power of quantum computers stems from their complexity and richness, though it is also this complexity which makes them incredibly difficult to control and operate - which is the problem our company is attempting to solve." Ultimately, Quantum Machines envisions selling its technology to companies now developing quantum processors - including the world's largest Internet companies - as well as academic organisations.
Itamar Sivan and Yonatan Cohen, Quantum Machines' chief technology officer, previously founded and managed the entrepreneurship centre of the Weizmann Institute, one of the most prestigious research institutes in Israel. The centre provides Ph.D.s from all disciplines a platform for founding deep-tech start-ups and incubating them.
The three founders bring together the experience of working on an incredible range of quantum technologies, including superconducting qubits, nano-wires, quantum optics, atomic clocks, etc. They have spent many years in top universities working on the cutting-edge of quantum computing, including Yale University, University of Washington, Oxford University and the Ecole Normale Superieure.
"Quantum computing is moving at an incredible speed, but there are still many great challenges before these computers start solving real-world problems", stated Yonatan Cohen. "Up until recently, the efforts were very concentrated on quantum hardware alone. As the number of qubits is increasing and as the complexity of algorithms grows, however, classical hardware and software can become real bottlenecks. After many years of academic research in the field we decided to found a company laser-focused on the development of scalable and universal quantum-control systems, aimed at addressing the most pressing bottlenecks."
"Quantum computing is a fascinating emerging market, but one that could also dramatically change the world of computing and impact a great deal of industries", stated Segev, a partner at TLV Partners who is joining the company's board. "This is exactly where we as a venture-capital firm are entering the picture - and especially when we meet a team of entrepreneurs like those at Quantum Machines. The company develops an important and unique layer in quantum computing systems thanks to a team of entrepreneurs who are world experts in the field. It is a great honour to be part of this journey to establish such a pioneering company."
Added Itzik Parnafes, a general partner at Battery Ventures, who is joining the company's board: "Quantum Machines has an immense vision and the perfect team to fulfil it. Quantum Machines is building a world leading team of engineers and physicists specialized in every single bit in the quantum control stack and is already advancing at an incredible pace."
The funding will allow Quantum Machines to develop its first system, OPERATOR-X. The company is already working with leading quantum-computing groups worldwide.