Lumir Ventures has participated in Quantum Art's $100 million Series A funding round to accelerate the development of its quantum computing technology.

Overview of Quantum Art

Quantum Art is a pioneering Israeli company focused on quantum computing, specifically developing scalable trapped-ion systems that aim to significantly increase the capacity to handle qubits. The company is working towards transitioning from hundreds to thousands of qubits within its proprietary architecture. This strategic endeavor is designed to provide practical quantum advantages that can support a range of impactful commercial applications.

The recent $100 million Series A funding will primarily be utilized to expedite the development of Quantum Art's upcoming 1,000-qubit multi-core platform, named Perspective, alongside advancing its innovative third-generation 2D architecture. Notably, Quantum Art has achieved significant technical milestones, such as successfully demonstrating the world's longest fully controlled trapped-ion chain consisting of 200 ions, a critical indicator of their scalability and system reliability.

Industry Overview in Israel

Israel is recognized as a global leader in technology and innovation, boasting a vibrant ecosystem for startups, particularly in the fields of artificial intelligence and quantum computing. The Israeli tech landscape is characterized by a r