Quantum Art

growth-positive

The BIRD Foundation has approved $6.55 million in funding for six new projects between Israeli and American companies. The projects relate to innovations in environment, electro-optics, healthcare IT, and quantum computing. In addition to the grants from BIRD, the projects will also access private-sector funding bringing the total investment in all projects to $16 million. The projects approved include Amarel Embedded Solutions and Gleason Corporation, CyberRidge and Molex, Datos Health and Permanente Health Care Ventures, Groundwork BioAg and Indigo Agriculture Inc., Quai.MD and MUSC Health, Quantum Art and BlueQubit Inc.

growth-positive

Quantum Art, an Israeli startup, is developing the countrys first ion trap quantum computer. The company was founded by Tal David, Amit Ben Kish, and Roee Ozeri, and is based on research from the Weizmann Institute of Science. Quantum Art has raised seed funding from Vertex Ventures, Entrée Capital, Amiti VC, and Stage One VC. The companys quantum computer uses ion traps, which allow for high-quality qubits and long-range connectivity between the qubits, to solve complex problems that classical supercomputers cannot.

growth-positive

Quantum Art, an Israeli quantum computing company, has raised $24 million in a seed round from investors including Amiti, Entrée Capital, StageOne, Vertex, and Yeda. The company, led by CEO and co-founder Tal David, is developing quantum computing technology using trapped ions and compatible quantum software. Quantum Art aims to present a computer with 64 qubits, a significant increase from the current five, and prove quantum advantage, a key goal in the global quantum computing field. The company is currently considered the leading quantum computing company in Israel.