Quantum Source, a pioneer in the realm of practical photonic quantum computers, has successfully secured a staggering $50 million in Series A funding. The funding round was spearheaded by the esteemed Eclipse, accompanied by prominent investors such as Standard Investments, Level VC, Canon Equity, and a consortium of existing investors comprising of Pitango First, Grove Ventures, 10D, and Dell Technologies Capital. This substantial infusion elevates the total funding amassed by Quantum Source to an impressive $77 million.

Established in 2021 by the visionary quartet of Oded Melamed, Gil Semo, Dan Charash, and Professor Barak Dayan, Quantum Source is at the forefront of developing a scalable photonic quantum architecture capable of supporting millions of qubits while substantially reducing complexity, size, power consumption, and overall operational costs compared to traditional quantum computing technologies. The influx of funds will be instrumental in strengthening the company’s engineering capabilities and expediting the commercialization of their cutting-edge quantum solutions.

Currently boasting a workforce of 45 talented individuals, with more than half holding PhDs, Quantum Source stands as a beacon of innovation in the rapidly evolving quantum computing landscape.

For more information on this funding milestone, the official press release can be accessed here.

September 11, 2024