Photonic QC Firm Quantum Source Emerges from Stealth with $15M Seed
Summary
TEL AVIV, July 1, 2022 Quantum Source (QS), an Israel-based quantum computing company is coming out of stealth mode with a $15 million seed funding round co-led by Grove Ventures, Pitango First, and Eclipse Ventures.The company was founded by three serial entrepreneurs and a Professor from the Weizmann Institute of Science: Oded Melamed, CEO, who was the co-founder and CEO of Altair Semiconductor acquired by Sony; Gil Semo, VP R&D, who was among the founding team of Anobit Technologies acquired by Apple, who later became the Director of Platform Architecture at Apple in Israel; Dan Charash, Chairman, who was the co-founder and CEO of Provigent acquired by Broadcom; and Prof. Barak Dayan, Senior Scientist and founder and head of the Quantum Optics lab at the Weizmann Institute of Science. For more information, please visit: http://www.qs-labs.com.Pitango is home to visionary entrepreneurs and ground breaking companies from stealth mode to shining unicorns. Founded in 2016, Grove invests in leading startups developing hard-to-replicate solutions at the intersection of technology, science, and applicable market needs. For more information, visit www.grovevc.com.With over $2 billion in assets under management, 70 portfolio companies, and a team of investors with deep expertise in technology, manufacturing, supply chain, logistics, healthcare and consumer products, Eclipse is one of the US leading venture capital organizations. Its leadership team has the experience and deep expertise necessary to create and scale complex operations with partners coming from industry giants, such as Flextronics, Tesla, Apple, Samsara, Intel and GE.