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Front - Globes

Thu: Insurance, energy stocks lead rise "Israel can be a window to the Mediterranean" Google Finance AI beta version launches in Israel India signs $1.1b IAI tanker aircraft deal - report Indian co KPIT to acquire Israeli startup Cymotive Strengthening shekel nears NIS 2.90/$ threshold Wizz Air Israel hub talks break down Sakal makes shock bid to buy ZIM Israeli defense-tech co Kela raising $200m at $1.2b valuation Tue: Insurance stocks lead TASE higher Israel’s most expensive home up for sale TASE readying for big wave of IPOs this month AI ecommerce co ZyG raises $60m at $500m valuation Canadian real estate co Almadev plans TASE IPO Cisco to acquire Israeli co Astrix Security Rafael close to buying VW plant Mon: Nice lifts TASE to new record Israeli startup BridgeWise teams with Elon Musk�s X Leumi Partners invests NIS 200m in Landora Ministers approve two new combat aircraft squadrons Fri: Main indices rise, Tower surges Beilinson Hospital receives record donation for cancer research Thu: Main indices edge higher Keystone joining Hot Mobile acquisition Mekorot teams with nT-Tao on nuclear fusion Lufthansa Group suspends Israel flights until June Check Point disappoints on revenue, beats on profit SuperPlay earnout payments weigh on Playtika Tel Aviv Park HaMesila penthouse sells for NIS 55m Israeli credit card players eye potential of Wizz Air loyalty club
Quantum Art extends Series A financing to $140m
Globes correspondent · 2026-04-28 · via Front - Globes

The funding will be used to accelerate development of Perspective, Quantum Art’s 1,000-qubit multi-core system designed to enable commercial-scale quantum computing.

Israeli scalable quantum computing solutions company Quantum Art has announced that it has extended its Series A financing by $40 million to $140 million led by Bedford Ridge Capital and new investors, Hudson Bay Capital, Poalim Equity, LIP Ventures, Wolverine Global Ventures, and IDA Ventures.

Strong investor demand drove the extension, the company said, building on its Series A announced in December 2025 as Quantum Art moves toward large-scale, commercially viable quantum systems.

The Ness Ziona-based company said that new funding will be used to accelerate development of Perspective, Quantum Art’s 1,000-qubit multi-core system designed to enable commercial-scale quantum computing. The capital will also support development of advanced optical technologies required for massive qubit scaling, expansion of the company’s 2D architecture roadmap, and accelerate global business development.

Quantum Art was founded in 2022 by CEO Dr. Tal David and CTO Dr. Amit Ben Kish as a spin-off from the Weizmann Institute of Science. It is a full-stack trapped-ion quantum computing company developing systems and solutions for complex computational problems. The company’s architecture combines scalable hardware with software designed for real-world applications in optimization, simulation, and advanced computing.

Dr. David said, "This extension of our Series A reflects strong investor confidence in Quantum Art’s architecture and long-term vision for scalable commercial quantum computing. The funding will accelerate development of our 1,000-qubit multi-core system, Perspective, and enable us to strengthen the core technologies behind our architecture while continuing to grow our global team as we move forward with commercialization."

Published by Globes, Israel business news - en.globes.co.il - on April 28, 2026.

© Copyright of Globes Publisher Itonut (1983) Ltd., 2026.