QuamCore News
4 articles
growth-positive
Israeli startup claims blueprint for million-qubit machine in single cryostat, challenging Google and IBM.
QuamCore, an Israeli deep-tech startup, has raised $26 million in a Series A funding round to advance its development of a million-qubit quantum processor. The funding, which includes a $4 million non-dilutive grant from the Israel Innovation Authority, brings the companys total funding to $35 million. The Series A was led by Sentinel Global, with participation from Arkin Capital and other investors. QuamCore aims to overcome the scaling challenges in quantum computing by redesigning the architecture of superconducting qubits, embedding digital control logic within the cryostat. This approach reduces thermal load and facilitates large-scale operation. The company plans to move from simulation to fabrication of its processors, establish a quantum lab, and expand its operations.
Investment
growth-positive
The company has developed a fully designed and simulated architecture capable of scaling to 1 million qubits in a single cryostat.
QuamCore, an Israeli quantum computing company, has completed a $26 million Series A financing round led by Sentinel Global, with participation from Arkin Capital and other existing investors. The Israel Innovation Authority also contributed a $4 million non-dilutive grant, bringing the total funding to $35 million. QuamCore has developed a scalable architecture capable of supporting 1 million qubits in a single cryostat, which could revolutionize quantum computing by eliminating the need for massive multi-cryostat infrastructure. The funding will accelerate chip production and prototype integration, moving the company from design to fabrication of its first-generation processors.
Investment
הסטארטאפ QuamCore מפתח מחשב קוונטי באלפית המחיר והגודל של המחשבים שאנחנו מכירים כיום, והמנכ"ל מספר לנו שעוד השאיר כסף על השולחן
QuamCore raises $9 million in Seed funding to build scalable 1 million qubit quantum computer | CTech