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Quantum Machines One of Top Israeli Startups 2020

By IQT News posted 29 Apr 2020

(Calistech) Every year on Israel’s Independence Day Calcalist and CTech publish their list of the 50 most promising Israeli startups. This year, compiling the list was more difficult than ever since the world economy, and the tech sector as part of it is still in the midst of the global coronavirus (Covid-19) pandemic. CTech and Calcalist worked together with a committee of entrepreneurs, investors, and consultants, highlighted the Israeli startups the look best posed to survive even the worst that the coronavirus (Covid-19) pandemic can throw at them and even thrive by looking ahead to knowledge dominated world.
One of the most promising startups identified is Tel Aviv-based Quantum Machines Ltd., also known as QM. Quantum Machines develops operation and control systems for quantum computer processors, which has already been adopted by several multinationals, startups, and academic labs.
Product: quantum computing processors
Year founded: 2018
Founders: Itamar Sivan, Yonatan Cohen, Nissim Ofek
Number of employees: 25
Funding raised: $23 million
Investors: Avigdor Willenz, TLV Partners, Battery Ventures

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