Forbes February 25, 2025
Quantum Machines announced today that it has raised $170 million in series C funding, led by PSG Equity and with participation from Intel Capital, Red Dot Capital Partners, and existing investors. One of the largest rounds of funding in the quantum industry, it marks an auspicious financing start to the international year of quantum science and technology, recognizing 100 years since the initial development of quantum mechanics.
“The funding landscape is shifting from general tech bets to quantum-dedicated capital,” observes industry watcher Quantum Computing Report. Prominent investors are entering the sector, betting on new developments such as the promise of AI-powered quantum computing and motivated by the myriad 2024 announcements by quantum players of very specific roadmaps and measurable goals.
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