Quantum Machines develops operation and control systems for quantum computers. There's a high industry demand for their products and services. The new startup has been successful in this niche of the technology industry with rapid growth and expansion. It's an innovative enterprise that also develops hardware, electronics, and software for a range of industries that fall within the science and technology of quantum computing. The brilliant developers push the limits of technology to make new advances to lead us into the modern age where change is the single constant. If you're not familiar with this company, here are twenty things you probably didn't know about Quantum Machines.
1. Quantum Machines is still in its infancy
According to Crunchbase, Quantum Machines is a brand new startup that hasn't been in operation for long. It was founded in 2018 and has been active for three years. This is considered the infancy stage for new businesses. It's come a long way in a short time and this is one of the reasons why the business is receiving so much attention in business news.
2. Quantum Machines is an Israeli startup
Quantum Machines is headquartered in Tel Aviv, Israel. The legal name of the business is Quantum Machines Ltd, but it is also known as QM or Quantum Machines informally. The founders of the enterprise are Itamar Sivan, Nissim Ofek, and Yonatan Cohen. The company functions within three industries including Software, Software Engineering, and Quantum Computing.
3. Quantum Machines uses 43 technologies for its website
The Quantum Machines website is powered by 43 technologies. This is a complex array of assorted technologies that work together to create a smooth and seamless user experience. Some of the technology products and services that are actively used include SPF, Viewport Meta, iPhone Compatible, and several others.
4. Interest in the Quantum Machines company is exploding
Quantum Machines is a young company and the volume of web traffic is still low but it is growing quickly. The analytics for the website shows that over the past 30 days, 2,695 people have visited the website. This reflects a monthly visits growth rate of 813.56 percent, which is remarkable. It shows that there is a surge of interest in the products and services Quantum Machines offers. The website is ranked number 2,226,131 of the millions of websites registered on the world wide web.
5. Quantum Machines is the most popular in the United States
Even though Quantum Machines is based in Israel, the highest percentage of visitors to the website come from the United States. Sixty-four percent of visitors are from this country with a 3.76 percent monthly visits growth. Other global visitors to the website are from Switzerland and Australia. The analytics show that interest is growing at a fast rate.
6. Quantum Machines has a four-member executive leadership team
The core executive leadership team at Quantum Machines is comprised of four members. Itamar Sivan is the co-founder and chief executive officer. Nissim Ofek is the vice president of research and development. Ori Weber is a chip design engineer. Yonatan Cohen is the chief technology officer.
7. Quantum Machines has a solid support team
Three other executives provide next-tier leadership support for the core team of executives at Quantum Machines. Guy Ois is the head of technical sales. Alex Greensphun is the director of marketing. Ayelet Reich is the administrative manager in charge of operations.
8. Quantum Machines' board of directors has 3 members
There are three members on the board of directors for Quantum Machines. Avigdor Willenz is a co-founder and chairman of Lightbits Labs with 9 portfolio companies and one exit. He represents the interest of investors in the company. Yaniv Stern is a managing partner at Red Dot Capital Partners. He currently sits on five boards of directors in advisory roles. He has founded one organization. Shahar Kaminitz joined the board in 2018. He has founded two organizations and currently sits on the board of directors for two organizations in advisory roles.
9. Quantum Machines is a venture capital-backed enterprise
Quantum Machines has participated in three rounds of venture capital fundraising. The most recent round of Series B funding closed on September 5, 2021. The total amount raised over the three rounds is $73 million. 12 investors are backing Quantum Machines including Red Dot Capital Partners, Samsung NEXT, Exor Seeds, Claridge Israel, Battery Ventures, Atreides Management LP, Valor Equity Partners, TLV Partners, and i21 Ventures. Four of the twelve firms are lead investors who have led the three rounds of fundraising.
10. Quantum Machines is developing a niche in a new industry
According to Techcrunch, Quantum Computing is a recent technology that is still in its infancy in terms of development. Quantum Machines is getting in on the new technology early, which could give it an edge over competitors in the years to come. The industry is still developing and Quantum Machines stands to grow and mature as an organization as the industry evolves.
11. Quantum Machines is a disruptor
Quantum Machines have the potential to be a disruptor in the technology industry. The company has developed a niche for itself by building a system of hardware and software called The Quantum Orchestration Platform. It is useful for running the quantum machines that are currently under development. It has the potential to emerge as a leader in the field and to be a strong influencer in the way that quantum computing technology develops.
12. Quantum Machines could revolutionize data analysis
Quantum computers show great promise for making computations that are lengthy and difficult processes faster to complete. Classical computers have their limitations and some equations or problems are nearly impossible to solve. One of the goals of quantum computing is to speed up long computational processes. The vision of Quantum Machines is to be a part of the research and development of these faster processes through its hardware and software solutions.
13. Itamar Sivan is a serial entrepreneur
Sivan is a co-founder of Quantum Machines. According to LinkedIn, he also co-founded a company called Noah Initiative in 2011. it is a non-profit organization that helps to ease economic struggles for young couples in Israel attempting to purchase homes. He served as CEO of the company through 2014. He also co-founded WISe, a club for entrepreneurs in 2015. He earned his Ph.D. degree from Weizmann Institute of Science in Matter and Material Physics. He is currently the CEO of Quantum Machines. From his career history, we can see that he is a caring person who has established organizations to help young married couples to get a better start in their lives together, and he has helped young entrepreneurs to learn the basics of starting a new business. He has given a lot to his local community.
14. Nissim Ofek is a Weizmann PhD
Nissim Ofek is a co-founder of Quantum Machines, who also earned his Ph.D. from Weizmann Institute. He earned his bachelor's degree in computer science, physics, and math in 2002 from Technion Israel Institute of Technology. He graduated Summa Cum Laude. He went on to earn his MA and Ph.D. degrees in physics from Weizmann Institute of Science. He completed post-doctoral work at Yale University in the Applied Physics department. He was an experimentalist in the Rob Shoelkopf group focusing on quantum computation using superconducting qubits. He worked as a software engineer for several years at various companies including Ma'agalim, Elbit Systems Ltd, Google, Celvibe, Postendo, and IBM. He was a teacher and software engineer for the Israel Defense forces from 1992 through 1998 before co-founding and serving as the vice president of Quantum Machines from 2018 to the present.
15. Yonatan Cohen is also a Weizmann PhD
The third co-founder of Quantum Machines is Yonatan Cohen. He also earned his Ph.D. from Weizmann Institute. He is also a co-founder of WISe, the Weizmann Institute Students Entrepreneurship Club. He served as a managing director of the club. He has a passion for helping others to realize their potential in the technology arena as founders and business owners. He is the chief technology officer at Quantum Machines. He works with his two co-founding partners to help make quantum computing a reality that improves the speed of computer calculations.
16. Quantum Machines is a privately held company
Quantum Machines is a privately owned business. The owners of the company are the three co-founders. Several investors have a stake in the future profitability of the operation, however, the precise details of the funding agreements have not yet been disclosed. You won' find Quantum Machines stock shares listed on any of the public stock exchanges because the enterprise has not to get filed for an IPO. The key decision-makers have decided to remain operations as a private company at this point.
17. Quantum Machines is working with large corporations and organizations
The leadership at Quantum Machines confirmed that the company is working with several large organizations that are showing an interest in QM's technology. They're keeping the names of the interested parties confidential for now. QM did disclose that they are working on partnerships with customers in fifteen countries. These organizations include universities, researchers, governments, and others. They hinted that companies like Netflix, Google, Amazon, and several others have shown interest but they would not confirm whether these specific organizations are customers. They're playing their cards close to the vest and not able to share many details, except to confirm that they're moving ahead with negotiations and partnerships. It's an exciting time for the new company that holds so much promise for the future.
18. Quantum Machines is working with a small staff
Quantum Machines is conducting its research and development with a team of 59 staff members. According to its LinkedIn page, Quantum Machines employs the best minds in research and development in the quantum physics field. The company employs several engineers, research assistants, and other high-level professionals. We also saw that the company has posted 13 new job openings. Most of the positions are located at the headquarters in Tel Aviv, Israel. They're actively recruiting talent for experimental physicists for the product team, software engineers in automation, account executives, software team leaders, head of sales, senior Python software developers, and more. We noticed that one of the positions is for a position offered in Schonefeld, Brandenburg, Germany, suggesting that they might be beefing up their operations in that country. The recent fundraising has given Quantum Machines a strong boost that will allow them to expand its workforce.
19. Quantum Machines plans to hire globally
Leadership at Quantum Machines confirmed that the company plans to continue adding staff to the organization. They plan to make more hires in the months to come and to expand their staffing in countries throughout the world. We're seeing the beginning of this new hiring campaign with the 13 new jobs posted on LinkedIn. We know that they are active in 15 countries throughout the world, although QM has not been transparent about which countries yet. We do know that they're hiring new workers in Germany.
20. The company values diversity
Leadership at Quantum Machines also confirmed that they value diversity in their workforce. They're involving several people in the hiring process to ensure that the new hires represent a diverse workforce as the organization moves ahead into the future. This will help to bring an infusion of new thoughts and contributions for solutions to the problems the R&D arm must address. One certainty is that Quantum Machines is embarking on a journey that will lead the organization and the world around it into a continuum of change. The groundbreaking work that they're undertaking has the potential and likelihood of yielding new technologies that will change the way that analytics are performed. It has far-reaching implications for medical science and healthcare, physics, business, and most other industries.
Written by Allen Lee
Read more posts by Allen Lee