Quantum Source Receives $12 Million Seed Extension Funding Round
This funding round is for Quantum Source led by Dell Technologies Capital with additional participation from 10D and existing investors, Eclipse VC, Grove Ventures, and Pitago First. The company previously received $15 million in seed funding bringing the total amount of seed funding for the company to $27 million. The Quantum Source was discovered in 2021 and is located in Rehovot, Israel. They are working to develop a large-scale, fault-tolerant, photonic quantum computer that will scale to millions of qubits. The company includes semiconductor industry veterans and accomplished physicists who have co-founded companies and then sold them to major corporations including Apple, Broadcom, and Sony. Additional information is available in a press release provided by Quantum Source where available Here.
April 20, 2023