Quantum Transistors Secures $19M to Make Quantum Computing Accessible and Scalable

Quantum Transistors, a Tel Aviv-based developer of advanced quantum processors, has secured a substantial $19 million investment from the European Innovation Council (EIC) to further its mission of making quantum computing more accessible and scalable.

Landmark investment validates Quantum Transistors’ vision: The EIC’s investment, comprising a $2.7 million grant and a future equity investment of $16.3 million, is a strong endorsement of Quantum Transistors’ innovative approach to quantum computing:

• Quantum Transistors aims to leverage the trillions invested in the semiconductor industry to build a scalable quantum technology, making it more accessible to everyone.
• CEO Shmuel Bachinsky likened the company’s goal to what Intel’s 8086 processor did for classical computing, emphasizing the potential for increased accessibility.

Overcoming current quantum computing challenges: Quantum Transistors is developing an integrated universal quantum processor on a single chip to address the limitations of existing quantum computing approaches:

• Current methods using photons, semiconductors, and atoms require massive, energy-intensive infrastructure and are limited in the number of qubits they can deliver, making them expensive and restrictive.
• By leveraging native photonics, where each qubit is photonically connected, Quantum Transistors eliminates inter-qubit noise caused by proximity, enhancing computational power and enabling deployment in standard data centers.

EIC Accelerator’s role in supporting innovation: The EIC Accelerator, established under the EU Horizon Europe programme, supports start-ups and SMEs with grants and equity investments totaling an estimated $445.9 million:

• The program offers grants up to $2.71 million and equity investments ranging from $540,000 to $16.28 million or more.
• Since its launch in 2021, over 12,000 start-ups have applied, with Quantum Transistors being one of 68 selected for funding in the latest round.

Broader implications for quantum computing accessibility: Quantum Transistors’ innovative approach and the substantial investment from the EIC have the potential to significantly advance the accessibility and practicality of quantum computing:

• By developing a scalable quantum technology that can be deployed in standard data centers, Quantum Transistors is working to reduce the costs and infrastructure requirements associated with current quantum computing methods.
• Making quantum computing more accessible could accelerate its application in solving complex problems across various fields, including cryptography, cybersecurity, drug discovery, investments, weather modeling, and aeronautics.