Company Overview
Snapshot
Founded in May 2021 by Oded Melamed, Dan Charash, Prof. Barak Dayan, and Gil Semo, Quantum Source operates with 51–200 employees. The company has raised $77 million across 3 funding rounds from 8 investors, with Eclipse Ventures as a notable lead investor. In September 2024, Quantum Source secured a Series A financing round.
Business overview
Quantum Source Labs is developing photonic technology to scale quantum computers to millions of qubits. Their large-scale photonic quantum computers are designed to revolutionize industries by accelerating new drug development, shortening pharmaceutical time-to-market, and optimizing treatment for complex diseases. The company operates within the Industrial Technologies sector, focusing on Microelectronics & Photonics Solutions and Quantum Computing, serving markets such as Healthcare & Life Sciences, particularly Pharmaceuticals.
Strategic signal
In September 2024, Quantum Source successfully closed a $50 million Series A funding round led by Eclipse, bringing its total capital raised to $77 million. This significant investment validates the company's photonic approach to quantum computing and signals strong investor confidence in its potential to achieve commercially viable, large-scale quantum computers. The funding is earmarked for expanding the R&D team and achieving critical technological milestones, indicating an accelerated development trajectory and a commitment to advancing Israel's position in quantum computing.
Log in to access full profile ›Company Intelligence Q&A
- What was Quantum Source's most recent funding round?
- In September 2024, Quantum Source secured a Series A financing round, which was led by Eclipse and included participation from.
- What was the total amount raised by Quantum Source in its Series A funding round?
- In September 2024, Quantum Source raised $50 million in its Series A funding round.
- When did Quantum Source extend its Seed round and who led it?
- In April 2023, Quantum Source extended its Seed round, with Dell Technologies Capital leading the investment.
- Who was appointed to Quantum Source's board of directors in May 2023?
- In May 2023, former Prime Minister Naftali Bennett was appointed to Quantum Source's board of directors.
- When did Quantum Source initially raise its Seed funding and who were the lead investors?
- In July 2022, Quantum Source raised its Seed funding, with.