Quantum Source gets $50 million in Early Stage Funding

Another Tel Aviv-based startup we should be impressed with?

Hello Everyone,

I hope you had a fruitful summer. It wasn’t so long ago I was talking about Quantum Source, but here we are again.

It’s been a surprisingly eventful month so far in September, with Microsoft doing some exciting PR. Read what

Brian Lenahan

had to say here.

Quantum Source is right on schedule, and the Israel-based company developing, technology for powerful, cost-effective, practical photonic quantum computers, announced today it has raised a $50M Series A.

The investment round led by Eclipse, with participation from Standard Investments, Level VC, Canon Equity, as well as existing investors Pitango First, Grove Ventures, 10D, and Dell Technologies Capital. This brings the company's total funding raised to over $77M. The capital will be used to enhance engineering capabilities and accelerate the commercialization of quantum solutions.

Israeli startups sometimes have a rather quick life cycle, here are some of the main Quantum startups out of Israel that come to mind. I’ve always been partial to Classiq whom I have said Microsoft would end up acquiring like I believe they will acquire Wayve in the self-driving industry. Anti-trust be damned. It seems we have entered an era of American exceptionalism.

This could be a period where many of the best Quantum startups of today, find exits and get acquired in the 2025 to 2030 period. There’s no shortage of Quantum startups boating a unique solution to what we’ve all been waiting for:

Founded in 2021 by Oded Melamed, Gil Semo, and Dan Charash, and Professor Barak Dayan, Quantum Source is developing a photonic quantum architecture for fault-tolerant, practical quantum computers that can scale to millions of qubits at a fraction of the complexity, footprint, power consumption, and cost of other implementations.

• Let’s think about this a bit more deeply.