REHOVOT, Israel--(BUSINESS WIRE)--Quantum Source Ltd., a pioneering quantum computing innovator, welcomes former Israeli Prime Minister Naftali Bennett to its board of directors. Bennett's exceptional leadership and extensive experience will be instrumental in driving Quantum Source's mission of advancing quantum computing technology and shaping the future of computing.
“Quantum computing is one of the few technologies that has the potential to move the world forward in a significant way. As a true high-tech nation, Israel has the opportunity to lead once again in this developing area of innovation. The Quantum Source team will play a significant role in this progress,” said Naftali Bennett.
Quantum Source is at the forefront of revolutionizing the computing industry through cutting-edge research and development in quantum technology. By leveraging the power of quantum bits (qubits), quantum computing offers unparalleled computational speed and the potential to solve complex problems in various fields.
Quantum Source is developing technology to enable the efficient implementation of large scale, fault-tolerant, photonic quantum computers. To date, companies have built small quantum computers with just tens or hundreds of qubits. While these rudimentary quantum computers are truly groundbreaking technology, the systems are not yet commercially viable.
“We are honored to have Naftali Bennett join our board of directors. He has a deep appreciation for the profound, positive impact quantum technologies can have on innovation across many areas,” said Oded Melamed, co-founder and CEO of Quantum Source. “He also brings the rare first-person experience of having built a very successful technology company from day one. His perspective and leadership will be invaluable as we continue our work of advancing the frontiers of quantum computing technology.”
Quantum Source has raised to date a $27 Million seed round from Grove Ventures, Pitango First, Eclipse, Dell Technologies Capital and 10D – making it one of the largest seed financings in Quantum Computing.
About Quantum Source
Quantum Source (QS), located in Rehovot Israel, is developing breakthrough technology to enable a commercially viable photonic quantum computer with millions of qubits. The company was established in 2021.
Quantum Source aims to build fault-tolerant quantum systems that scale to millions of qubits and that will have the potential to unleash dramatic acceleration in numerous cutting-edge fields, including drug design, material development, cybersecurity, and the processing of large datasets for AI applications. For more information, please visit: http://www.qs-labs.com/
