Quantum Transistors

Company Overview

Snapshot

Founded in November 2022 by Shmuel Bachinsky, Quantum Transistors operates with 11–50 employees. The company has raised a total of $18.97M across 3 funding rounds from 3 investors. In July 2024, the European Innovation Council (EIC) awarded the company up to €17.5 million, comprising an initial grant and a future equity investment, to scale its R&D and expand its team.

Business overview

Quantum Transistors is a quantum chip company focused on developing a solid-state quantum processor. The company's core technology integrates advanced solid-state qubits with state-of-the-art photonics to achieve high fidelity and scalability. Its objective is to transition quantum computing from large mainframes to more accessible data centers and enterprise servers, operating within the Industrial Technologies sector, specifically in Microelectronics & Photonics Solutions and Quantum Computing.

Strategic signal

In July 2024, Quantum Transistors secured up to €17.5 million from the European Innovation Council (EIC), including a €2.5 million grant and a €15 million future equity investment. This significant funding validates the company's innovative approach to quantum computing and signals strong European institutional support for its integrated universal quantum processor. The investment is earmarked for scaling R&D and team expansion, indicating a clear trajectory towards accelerated technological development and market readiness.

Company Intelligence Q&A

What significant funding did Quantum Transistors receive in July 2024?

In July 2024, Quantum Transistors was awarded up to €17.5 million by the European Innovation Council (EIC). This included an initial grant of €2.5 million from the EIC Accelerator and a future equity investment of €15 million through the EIC Fund.

What is the purpose of the funding received from the European Innovation Council?

The funding from the European Innovation Council is intended to scale up Quantum Transistors' research and development efforts and to expand its team.

When was Quantum Transistors founded and by whom?

Quantum Transistors was founded in November 2022 by Shmuel Bachinsky.

What is Quantum Transistors' core technology?

Quantum Transistors' core technology is based on a combination of advanced solid-state qubits and state-of-the-art photonics, designed to achieve high fidelity and scale in its quantum processors.

Which investors participated in Quantum Transistors' November 2022 funding round?

In November 2022, Quantum Transistors received funding from Tal Ventures and Entrée Capital.