Quantum Source Overview
Quantum Source Labs is focused on using its photonic technology to enable the scaling of quantum computers to millions of qubits. Large-scale photonic quantum computers are expected to revolutionize entire industries with their capabilities, including accelerating the development of new drugs, shortening the length of time before pharmaceutical companies can introduce new medicines to the market, and supporting physicians with treatment optimization for complex diseases.
Cumulative Funding Raised Over Time ($)
$12.0MApr 2023
$27.0MJul 2022
$77.0MSep 2024
Latest News
growth-positive
Former Prime Minister Naftali Bennett is a member of the Israeli company's board of directors.
Israeli startup Quantum Source, which focuses on developing photonic quantum computers, has raised $50 million in a Series A financing round. The round was led by Eclipse and included participation from several other investors. The funds will be used to expand the companys R&D team and achieve significant technology milestones. Founded in 2021, Quantum Source aims to make quantum computing commercially viable by addressing inefficiencies in creating entangled photonic states. The company currently has 44 employees and has raised a total of $77 million to date.
InvestmentExpand
growth-positive
Quantum Source secures $50 million Series A to advance photonic quantum computers | CTech
Quantum Source, an Israeli startup specializing in photonic quantum computing, has secured $50 million in a Series A funding round led by Eclipse, with participation from several other investors. This brings the companys total capital raised to $77 million. Founded in 2021, Quantum Source aims to develop large-scale, fault-tolerant quantum computers using a novel photonic approach. The company currently employs 45 people and plans to expand its team with the new funding. The technology promises significant advancements in various fields, including drug design and cybersecurity. Despite challenges, the company is optimistic about its progress and aims to position Israel as a leader in quantum computing.
InvestmentExpand
growth-positive
מדוע ההשקעות המשמעותיות במחשוב קוונטי בעשורים האחרונים טרם הניבו תוצאות מסחריות? - Chiportalכלי נגישותהגדל טקסטהקטן טקסטגווני אפורניגודיות גבוההניגודיות הפוכהרקע בהירהדגשת קישוריםפונט קריאאיפוס
Quantum Source CEO, Oded Maimon, discussed the challenges and potential of quantum computing at a conference in July 2024. He highlighted the need for quantum computers to have a large scale, containing millions of qubits, to have commercial value. Quantum Source is developing a technology that combines photonic and atomic qubits, which Maimon believes could significantly improve the efficiency of quantum computing. The company, founded in late 2021, has raised $27 million from American and Israeli venture capital funds and currently employs 44 people.
InvestmentExpand
growth-positive
Naftali Bennett appointed to Quantum Source board
Israeli photonic quantum computing company Quantum Source has appointed former Prime Minister Naftali Bennett to its board of directors. The company raised $27 million in its seed financing round and has 30 employees.
Management Changes
growth-positive
Photonic quantum computing startup Quantum Source extends Seed round to $27 million | CTech
Quantum Source, an Israel-based technology company focused on photonic quantum computing, has raised a $12 million Seed extension round led by Dell Technologies Capital. The total Seed round now amounts to $27 million, making it one of the largest Seed financings in Quantum Computing. Quantum Source aims to develop technology for large-scale fault-tolerant photonic quantum computers that can scale to millions of qubits. The additional funding will be used to expand the companys research and development team. Quantum Source believes that photonic quantum technologies are the best route to achieve large-scale, fault-tolerant quantum computers and that their unique approach will improve scalability and drive commercial success in the industry.
InvestmentExpand
| Sector | Industrial Technologies |
Funding
| Total funding | $77M |
| Last funding | $50M |
| Stage | A |
| Rounds | 3 |
| Investors | 8 |
Team Members
5
Employees: 51-200
Web & Social Links
| Website | www.qs-labs.com |
Locations
Ness Ziona, Israel
Photos & Videos
9 item(s)
Quantum Source Business
Business models
B2B
Product stage
R&D
Employees
51-200
Sector
Industrial TechnologiesMicroelectronics & Photonics SolutionsTarget Customer
Healthcare & Life SciencesLife SciencesPharmaceuticalsCore Technology
Quantum ComputingTags (2)
quantum-computingpharma-companiesQuantum Source Financials
$77M
Total funding
Undisclosed
Capital raised
$50M
Last funding
A
Funding stage
3
Total rounds
8
Investors
Cumulative Funding Raised Over Time ($)
$12.0MApr 2023
$27.0MJul 2022
$77.0MSep 2024
Private Equity Funding
A Round
Sep 2024
$50M
Eclipse Ventures (Lead)
,
Standard Investments, Grove Ventures, Canon Equity, Level VC, Dell Technologies Capital, Pitango First, 10D
Seed
Apr 2023
$12M
Dell Technologies Capital (Lead)
,
Grove Ventures, Eclipse Ventures, Pitango First, 10D
Seed
Jul 2022
$15M
Eclipse Ventures (Lead), Grove Ventures (Lead), Pitango First (Lead)
Quantum Source Lifecycle
Cumulative Funding Raised Over Time
$12.0MApr 2023
$27.0MJul 2022
$77.0MSep 2024
All Events
A Round
Sep 2024
$50M
Eclipse Ventures (Lead)
,
Standard Investments, Grove Ventures, Canon Equity, Level VC, Dell Technologies Capital, Pitango First, 10D
Seed
Apr 2023
$12M
Dell Technologies Capital (Lead)
,
Grove Ventures, Eclipse Ventures, Pitango First, 10D
Seed
Jul 2022
$15M
Eclipse Ventures (Lead), Grove Ventures (Lead), Pitango First (Lead)
Quantum Source News
7 articles
growth-positive
Former Prime Minister Naftali Bennett is a member of the Israeli company's board of directors.
Israeli startup Quantum Source, which focuses on developing photonic quantum computers, has raised $50 million in a Series A financing round. The round was led by Eclipse and included participation from several other investors. The funds will be used to expand the companys R&D team and achieve significant technology milestones. Founded in 2021, Quantum Source aims to make quantum computing commercially viable by addressing inefficiencies in creating entangled photonic states. The company currently has 44 employees and has raised a total of $77 million to date.
InvestmentExpand
growth-positive
Quantum Source secures $50 million Series A to advance photonic quantum computers | CTech
Quantum Source, an Israeli startup specializing in photonic quantum computing, has secured $50 million in a Series A funding round led by Eclipse, with participation from several other investors. This brings the companys total capital raised to $77 million. Founded in 2021, Quantum Source aims to develop large-scale, fault-tolerant quantum computers using a novel photonic approach. The company currently employs 45 people and plans to expand its team with the new funding. The technology promises significant advancements in various fields, including drug design and cybersecurity. Despite challenges, the company is optimistic about its progress and aims to position Israel as a leader in quantum computing.
InvestmentExpand
growth-positive
מדוע ההשקעות המשמעותיות במחשוב קוונטי בעשורים האחרונים טרם הניבו תוצאות מסחריות? - Chiportalכלי נגישותהגדל טקסטהקטן טקסטגווני אפורניגודיות גבוההניגודיות הפוכהרקע בהירהדגשת קישוריםפונט קריאאיפוס
Quantum Source CEO, Oded Maimon, discussed the challenges and potential of quantum computing at a conference in July 2024. He highlighted the need for quantum computers to have a large scale, containing millions of qubits, to have commercial value. Quantum Source is developing a technology that combines photonic and atomic qubits, which Maimon believes could significantly improve the efficiency of quantum computing. The company, founded in late 2021, has raised $27 million from American and Israeli venture capital funds and currently employs 44 people.
InvestmentExpand
growth-positive
Naftali Bennett appointed to Quantum Source board
Israeli photonic quantum computing company Quantum Source has appointed former Prime Minister Naftali Bennett to its board of directors. The company raised $27 million in its seed financing round and has 30 employees.
Management Changes
growth-positive
Photonic quantum computing startup Quantum Source extends Seed round to $27 million | CTech
Quantum Source, an Israel-based technology company focused on photonic quantum computing, has raised a $12 million Seed extension round led by Dell Technologies Capital. The total Seed round now amounts to $27 million, making it one of the largest Seed financings in Quantum Computing. Quantum Source aims to develop technology for large-scale fault-tolerant photonic quantum computers that can scale to millions of qubits. The additional funding will be used to expand the companys research and development team. Quantum Source believes that photonic quantum technologies are the best route to achieve large-scale, fault-tolerant quantum computers and that their unique approach will improve scalability and drive commercial success in the industry.
InvestmentExpand
growth-positive
Quantum Source Raises $15M in Seed Funding
Quantum Source, an Israeli quantum computing company, has raised $15 million in seed funding. The funding round was co-led by Grove Ventures, Pitango First, and Eclipse Ventures. Quantum Source aims to enable the scaling of quantum computers to millions of qubits using its photonic technology. The companys large-scale photonic quantum computers are expected to revolutionize industries by accelerating the development of new drugs, shortening the time for introducing new medicines to the market, and optimizing treatment for complex diseases. The company was founded by three serial entrepreneurs and a professor from the Weizmann Institute of Science. Quantum Source currently employs twenty-five physicists and engineers, fifteen of whom hold PhD degrees.
Investment
Unknown
"הבנו שיש לנו זהב ביד": האם מהפכת המחשוב העולמית הבאה תתחיל בישראל?
The article discusses a conversation between Professor Barak Dayan and entrepreneur Dan Harush about a breakthrough in quantum computing. The conversation took place three years ago at a conference for alumni of the Talpiot Unit in the IDF. Professor Dayan, the head of the Quantum Optics Laboratory at the Weizmann Institute, realized that the breakthrough in his lab could open significant barriers in the development of quantum computers. The article does not provide information about the company, its impact, key themes, structured issues, investors, customers, valuation amount, layoffs, investment amount, acquisition amount, or partners. The date of the event described in the article is unknown. Confidence level: 5
Quantum Source Team
Employee Info
| Employees (range) | 51-200 |
| Exact count | 51 |
| Team members | 5 |
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Quantum Source Internal
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Admin Info
| Confidence | 90/100 |
| Missing | tags, markets |
| BI Verification | Maor Perlov |
| Registrar ID | 516393402 |
| Creator | Maor Perlov |
| Creator email | maorperlov@gmail.com |
| Last updater | Maor Perlov |
| Updater email | maor.perlov@sncentral.org |
| Last update | 2023-07-17T00:00:00.000Z |
| Created | 2022-02-09T00:00:00.000Z |
| Claimed | Yes |