Quantum Art Raises $100 Million in Series A Round to Drive Scalable, Multi-Core Quantum Computing
Today we announce the initial closing of a $100 million Series A funding round. The investment accelerates the company's path toward commercializing its systems, achieving quantum advantage, scaling its platform to enable quantum processors with thousands of qubits, and supporting Quantum Art’s expansion from early revenues into significant commercial scale.
Bedford Ridge Capital led the round alongside Battery Ventures, Destra Investments, Lumir Growth Partners, Disruptive AI, Harel Insurance, Karen W. Davidson, GTV, Yasmin Lukatz, Corner Capital, and Qbeat Ventures.
Existing investors and stakeholders Amiti Ventures, which led the seed round, StageOne Ventures, Vertex Ventures, Entrée Capital, and the Weizmann Institute of Science continued participating in this round.
The financing brings Quantum Art's total funding to date to $124 million following a seed round in 2022.
