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News - Globes

Quantum computing co Q-Factor raises $24m Boaz Levy to become Israel Aerospace chair Aidoc raises $150m to prevent diagnostic errors Banks' efficiency drives spark worker unrest Teva acquires Emalex Biosciences for up to $900m Gasoline prices to rise again Thursday night Deputy budget commissioner warns on �trauma economy� Israel drops key demand on Wizz Air hub Gedera house sells for NIS 5.53m Huge Crusoe Afula deal boosts Israel’s data centers sector "Globes" poll of polls shows Beyachad brings opposition no gain Nvidia leases space for labs in Rishon Lezion Shekel-sterling rate heading below NIS 4/£ Shapir mulls buying control of Ashdod Refinery for NIS 1b Banks ask court to declare Nochi Dankner bankrupt Strong semiconductor sentiment boosts Ceva Yair Lapid and Naftali Bennett merge parties Supreme Court orders financial sanctions for draft evaders Israeli tech employees hold stock options worth NIS 150b Home price gap narrows between Tel Aviv and nearby cities Meta to lay off 100 employees in Israel EU regulator extends advisory not to fly to Israel Lyft buys Gett's London taxi-hailing operation Mobileye up sharply after beating analysts on Q1 Cyera buys Israeli startup Ryft for over $100m Israir to launch Israel-US flights in summer Ondas Israel unit to protect World Cup venues from drones Elbit awarded $200m IDF airborne munitions deal Study: IDF Talpiot program excels in producing entrepreneurs Israel's population grew 1.4% over past year
Quantum Art extends Series A financing to $140m
Globes correspondent · 2026-04-28 · via News - 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.