TEL AVIV, Israel–(Business enterprise WIRE)–Jul 1, 2022–
Quantum Supply (QS), an Israel-primarily based quantum computing firm is coming out of stealth mode with a $15 million seed funding round co-led by Grove Ventures, Pitango First, and Eclipse Ventures.
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Quantum Source Administration Workforce. Photographer: Tal Rachmani
The corporation was started by three serial entrepreneurs and a Professor from the Weizmann Institute of Science: Oded Melamed, CEO, who was the co-founder and CEO of Altair Semiconductor acquired by Sony Gil Semo, VP R&D, who was amongst the founding group of Anobit Technologies acquired by Apple, who later on grew to become the Director of System Architecture at Apple in Israel Dan Charash, Chairman, who was the co-founder and CEO of Provigent obtained by Broadcom and Prof. Barak Dayan, Senior Scientist and founder and head of the Quantum Optics lab at the Weizmann Institute of Science. The firm employs 20-5 physicists and engineers, fifteen of whom maintain PhD levels.
A quantum pc is a new style of laptop with huge processing ability that will be ready to address issues that classical personal computers simply cannot, like factoring of substantial integers and simulations of complex molecules.
The international effort to produce a commercially practical quantum personal computer has received considerable momentum in new years. Most investigate teams and providers active in the area these kinds of as Google, IBM, IonQ, and Rigetti count on subject-primarily based technologies, e.g. superconducting qubit (a primary device of quantum facts) or trapped ions, and have designed quantum pcs with a smaller range of qubits (tens or hundreds of qubits). In get to clear up commercially valuable complications, a quantum pc with thousands and thousands of qubits is necessary.
Quantum Source’s eyesight is to help scaling quantum personal computers to thousands and thousands of qubits with its breakthrough photonic technology. Big-scale photonic quantum desktops are predicted to instigate a revolution in full industries. These quantum computers will accelerate, for instance, the enhancement of new prescription drugs, shorten the time pharma firms can introduce new medicines to the sector, and guidance medical professionals with remedy optimization for advanced illnesses.
Oded Melamed, CEO and Co-Founder, Quantum Resource: “The variance between tiny quantum computer systems that are formulated these days, with tens or hundreds of qubits, and creating successful, significant-scale quantum personal computers with hundreds of thousands of qubits is large. The photonic quantum know-how that Quantum Source is producing will help a spectacular leap ahead and the realization of quantum laptop or computer devices with millions of qubits. These new complete-scale quantum pcs will have a substantial affect on many industries, fixing previously computationally unattainable complications in various sectors, these kinds of as drug and product development, finance, and cybersecurity.”
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About Quantum Supply
Quantum Supply (QS) is situated in Rehovot, Israel, and is creating breakthrough technological know-how to empower a commercially practical photonic quantum pc with millions of qubits. The