Israeli quantum startup Qedma just raised $26 million, with IBM joining in

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Here’s a structured summary based on the provided information:

Company and Founders

  • Startup: Qedma
  • Founders:
    • Asif Sinay (CEO, Co-founder)
    • Dorit Aharonov (Co-founder, Chief Scientific Officer)
    • Netanel Lindner (Co-founder, CTO)

Funding Information

  • Series:

    • Series A
    • Seed Round

  • Funding Amounts:

    • Series A: $26 million
    • Seed Round: $4.7 million
  • Investors:
    • Glilot Capital Partners (led the Series A)
    • TPY Capital (existing investor from the seed round)
    • Korean Investment Partners
    • IBM (participation in Series A)

Dates

  • Seed Round: 2020
  • Series A: Date not explicitly stated in the provided text but implied as happening around 2023 or 2024 based on the context of the funding discussion.

Key Points

  • Main Software: QESEM (Quantum Error Suppression and Error Mitigation)
  • Focus: Error mitigation software for quantum computing
  • Application Areas: Finance, drug discovery, materials science
  • Notable Collaborations:
    • IBM is partnering with Qedma for quantum software solutions.
    • Conducted a demo on IonQ’s Aria quantum computer.
    • Partnership with RIKEN for combining quantum with supercomputers.

This list consolidates the major components regarding the funding, startup, founders, and relevant details from the provided text.

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2025-07-03 13:00:00