On February 25, 2025, Israeli startup Quantum Machines announced it had raised USD 170 million in a funding round led by Boston-based PSG Equity, with participation from Intel Capital, Red Dot Capital Partners, and existing investors. The round brought total funding to USD 280 million, as reported by The Times of Israel.
Quantum Machines develops hardware and software for controlling and operating quantum processors. CEO Dr. Itamar Sivan said the company’s technology is used by more than 50 percent of quantum computing companies worldwide. The startup operates the Israel Innovation Authority-funded Israeli Quantum Computing Center at Tel Aviv University.