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Quantum computing remains a holy grail in the world of technology. But thanks to some important breakthroughs in the last several months, investors are

Quantum Machines has raised $170 million in a Series C funding round, marking one of the largest funding rounds in the quantum industry. Over the past year, Big Tech has been accelerating quantum breakthroughs and making major leaps in the sector.

The Israeli company’s latest round marks one of the largest fundraisings to date for a quantum computing company.

Quantum Machines has raised $170 million in series C funding, one of the largest rounds of funding in the quantum industry.

Quantum Machines’ total outside funding now stands at $280 million. Qubits, the basic building blocks of a quantum computer, can’t carry out calculations on their own. They usually rely on a classical server to coordinate processing.