Quantum Machines, an Israeli quantum computing startup, raised $170 million in a Series C round, bringing total funding to date to $280 million. The raise, the fifth-largest ever for a quantum computing company according to data provider PitchBook Data, comes amid growing excitement for quantum computing in the wake of hardware advancements announced by Microsoft and Google. The largest was a $624.6 million investment into PsiQuantum in 2024, according to PitchBook. “Investors understand that at the end of the day, if you can bring a new paradigm of computing, that’s probably the biggest potential one can think of,” said Quantum Machines co-founder and Chief Executive Itamar Sivan. “There’s nothing that’s driving the industry and the economy more than computing in the last hundred years.” PSG Equity led the round with participation from Intel Capital, Red Dot Capital Partners and existing investors. Quantum computing promises to do everything from simulating the behavior of natural materials in chemistry to breaking the public-key cryptography used to secure the internet.

Full story : Israeli startup Quantum Machines, which offers hardware tools to other quantum computing companies, raised a $170 million Series C led by PSG Equity.