March 20, 2020

Startup Quantum Computing Raises $17.5 M For Its Platform

Quantum computing is a Tel Aviv-based startup and the creator of both hardware and software solutions that help in operating quantum computers. The company today announced that it has finally, raised a huge sum of $17.5 million Series a funding round. The complete funding round was led by Israeli tech entrepreneur Avigdor Willenz who co-founded Habana Labs and Anapurna Labs and then sold them out to Intel and Amazon, respectively.

To make this process for effective Battery Ventures and TLV Partners also participated in this funding round. The seed funding of the company was also funded done by TLV Partners in 2018, in which the Battery Partners company has also participated.

The Quantum computing machine designed a full-stack new Platform that enables a totally new move toward controlling and operating quantum procedures. This process is competent of running even the most intricate algorithms of all computers to tests of quantum-error-correction. The novel Quantum Orchestration Platform allows users to understand the perspective of all quantum procedures and their power. Well, it is a great, yet automatic, programming language QUA.

Startup Quantum computing raises $17.5 M for its platform

The Co-founder and chairman of Lightbits Labs said that- “The race to commercial quantum computers is one of the most exciting technological challenges of our generation,” said Willenz. “Our goal at [Quantum Machines] is to make this happen faster than anticipated and establish ourselves as a key player in this emerging industry” Willenz added.

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The Tel Aviv-based startup company says also said that it will use the fresh funding process to accelerate the process of the Quantum Orchestration Platform. This news platform went started earlier this year. The main thing that makes this process unique is that it is the mixture of custom hardware, which the company intended itself, and software tools that can be used to manage virtually any quantum laptop. To handle a quantum processor, you not only need an influential classical computer but also traditional computers are for this task.

The Co-founder and chairman of Lightbits Labs also added further that -The classical layers of the quantum computer are the real unmet need. They are the bottleneck,” Quantum Machines co-founder Itamar Sivan told me when the platform launched. “We were looking into what is holding the industry back. What are the things that we can do today to drive this industry forward, but that will also enable faster progress in the future. Since most of the focus in the last years has been devoted to quantum processors, it was only natural that you know we take on this challenge” he added.

For now, the Quantum computing Orchestration Platform has by now been adopted by various startups multinational corporations. Every month some new customers are joining the services of quantum computing. The huge fundraised by the startup will be used to encourage and speed up the previously speedy adoption of the company’s Quantum Orchestration Platform while escalating the development of quantum computing procedures.

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Anshul Sharma is the visionary CEO of Fluper, the leading mobile app development company known for its innovative solutions and cutting-edge mobile applications. With a relentless drive for excellence and a deep understanding of the tech industry, Anshul leads Fluper with a focus on delivering value-driven products that transform businesses. Under his leadership, Fluper has become synonymous with quality, reliability, and innovation in the digital space.