Quantum Source develops a photonic quantum architecture aimed at building fault-tolerant, practical quantum computers. Its approach targets scalability to millions of qubits while reducing complexity, footprint, power consumption, and cost versus other implementations. The company intends to use recent funding to enhance engineering capabilities and accelerate commercialization of quantum solutions. Founded in 2021 by Oded Melamed, Gil Semo, Dan Charash, and Professor Barak Dayan, the company is based in Ness Ziona, Israel. Quantum Source has 45 employees, more than half of whom hold PhDs, reflecting a highly technical team. Recent financing brought total capital raised to $77M (including a $50M Series A), providing capital to support product development and commercialization. Quantum Source, founded in 2021 and based in Rehovot, Israel, is developing technology to enable commercially viable photonic quantum computers that can scale to millions of qubits. The company uses a unique approach for generating photons and quantum gates that it says is five orders of magnitude more efficient than state-of-the-art implementations. QS targets fault tolerance and large-scale scalability to unlock applications in drug design, materials development, cybersecurity, and AI data processing. The team includes four co-founders with semiconductor and physics backgrounds and a broader technical staff with 18 PhDs and extensive publication records. The company plans to expand its research and development team as it scales to reach significant technical and performance milestones. Its leadership has prior experience founding, scaling, and exiting companies to Apple, Broadcom, and Sony. Quantum Source is developing breakthrough photonic technology to enable commercially viable quantum computers with millions of qubits. The company says its approach targets the scalability limits of current matter-based systems and aims to unlock applications in drug and materials discovery, finance, and cybersecurity. Quantum Source emerged from stealth with a $15 million seed round to advance product development and commercialization. The founding team includes three serial entrepreneurs and Prof. Barak Dayan of the Weizmann Institute of Science, and the company employs twenty-five physicists and engineers, fifteen of whom hold PhDs. Quantum Source was established in 2021 and is based in Rehovot, Israel.

Total raised

$77M

Funding rounds

3

Latest round

Series A

Latest activity

Sep 2024