Quantum Source, an Israeli-based company, has recently raised a whopping total of $27 million in seed-extension investment. This move makes the company one of the most successful startups in the field of quantum computing. Founded in 2021 by experienced professionals from the semiconductor and physics fields, Quantum Source is working on developing quantum systems that are faster, more reliable, and more scalable for millions of qubits. This could potentially open up a world of possibilities and applications that would benefit multiple industries such as new drug development, material science, AI processing, and cyber and defense security.
Oded Melamed, the co-founder and CEO of Quantum Source, said that the challenge in achieving scalable, reliable and valuable quantum computers is rooted in the difficulties of generating entangled cluster states, which serve as the "fuel" for photonic quantum computers. To overcome this problem and make quantum computing more efficient, Quantum Source utilizes Cavity-QED-based technology that helps to increase the efficiency of generating entangled photons by a whopping five orders of magnitude. This method of production offers a much more compact and manageable solution while also reducing the complexity of the system by running on room temperature.
Due to the promising aspects of quantum computing, Dell Technologies Capital partner Omri Green said that it has the potential to catalyze a revolution in many industries because of its unprecedented computing power.
Under the leadership of Oded Melamed, Quantum Source holds a strong team of experienced professionals with backgrounds in semiconductors, physics, and computer engineering. They are currently working to perfect the photonic process of generation, entanglement, and measurement of large clusters of qubits in order to bring to life their vision of having reliable and fault-tolerant quantum computers.
The company has stirred a lot of excitement by their efforts in the field of quantum computing and have already attracted several investors to this project. It is estimated that their new seed extension investment of $12 million will be the starting point of a major breakthrough. Don’t miss the chance to hear first-hand from Quantum Source’s leading executives at the July 11-12 AI Investment Summit in San Francisco, California.
