Israeli quantum computing startup Quantum Art has raised $100 million in its Series A funding round. With this new investment, the company has now raised a total of $124 million so far.
The funding was led by Bedford Ridge Capital. Other investors who joined the round include Battery Ventures, Destra Investments, Lumir Growth Partners, Disruptive AI, Harel Insurance, Karen W. Davidson, GTV, Yasmin Lukatz, Corner Capital, and Qbeat Ventures.
Existing backers Amiti Ventures (which led the Seed round), StageOne Ventures, Vertex Ventures, Entrée Capital, and the Weizmann Institute of Science also took part in this new funding round.
Quantum Art was created as a spin-off from Prof. Roee Ozeri’s research group at the Weizmann Institute of Science. Its leadership team is made up of global experts in trapped-ion quantum computing, large engineering systems, and quantum industry strategy.
The company was founded by Dr. Tal David (CEO), Dr. Amit Ben Kish (CTO), and Prof. Roee Ozeri (CSO). They have spent years building their own advanced methods for running multi-qubit operations, designing systems that can grow easily, and creating strong error-correction techniques for quantum computers.
Quantum Art says its technology can run up to 100 times more operations per second and 100 times more tasks in parallel than competing systems. It also needs much less space — up to 50 times smaller.
This faster, smaller, and more efficient setup could help the industry reach commercial quantum advantage sooner and make it possible to run more advanced algorithms with strong error correction.
“We have already demonstrated the core building blocks of our architecture in the lab, including multi-qubit gates, segmented multi-core operation, and scalable system control,” Dr. Amit Ben-Kish, CTO and co-founder, said earlier this year. “These technologies enable high-speed, robust execution across large-scale systems without the need for photonic links or ion shuttling.”
“Investment support at this level reflects strong confidence in our technology and products,” said Dr. Tal David, CEO and co-founder of Quantum Art. “It reinforces the momentum behind our multi-qubit gate architecture and our path toward systems that scale from hundreds to ultimately thousands and millions of qubits.”
Quantum Art is building technology that can be used in many important areas, including materials discovery, finance, logistics, defense, and more.
With the new funding, the company plans to speed up its product development and strengthen its position among other startups competing to lead the fast-growing quantum computing industry.
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