Quantum Source Secures $50M Series A Funding to Propel Photonic Quantum Computing
Friday, 13 September 2024, 13:01
Quantum Source's Series A Funding Details
Quantum Source, an Israel-based company pioneering photonic quantum computing, announced a successful $50M Series A funding round led by Eclipse Ventures. This investment marks a significant milestone in the company’s journey to revolutionize the quantum computing landscape.
Impacts of the Funding
- The new capital will enhance research and development efforts.
- Funds will be allocated to expand the engineering team and accelerate product development.
- Investments will support partnerships with leading institutions to advance quantum technology.
With this funding, Quantum Source aims to expedite the development of high-performance quantum computers that leverage light for superior processing capabilities.
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