With its eye on the next generation of computing technology, the quantum technology developer has secured funding from Samsung.

Samsung Next, a corporate venturing arm of electronics manufacturer Samsung, took part in a $50m series B round for Quantum Machines, an Israel-based quantum computing technology developer, yesterday.

Red Dot Capital Partners led the round, which also featured Claridge Israel, Valor Equity Partners, Atreides Management, Exor, TLV Partners, Battery Ventures, 2i Ventures and unnamed existing backers.

Founded in 2018, Quantum Machines develops quantum-compatible hardware and software with a view to help bring about useful quantum computers. It came out of…

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Fernando Moncada Rivera

Fernando Moncada Rivera is a reporter at Global Corporate Venturing and also host of the CVC Unplugged podcast.
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