Gate News message, April 28 — Israeli quantum computing startup Quantum Art has raised an additional $40 million in Series A funding, bringing the total to $140 million. The company, spun out of the Weizmann Institute of Science, is developing a 1,000-qubit system for commercial-scale quantum computing.
The funding round was led by Bedford Ridge Capital, with participation from Hudson Bay Capital, Poalim Equity, LIP Ventures, Wolverine Global Ventures, and IDA Ventures. This extension follows the company’s initial $100 million Series A announced in December 2025. The new capital will support development of Perspective, its planned 1,000-qubit multi-core system, as well as optical technologies for qubit scaling, 2D architecture roadmap expansion, global business growth, and hiring.
Quantum Art has achieved a technical milestone by stabilizing a chain of 200 ions—electrically charged atoms that store and process quantum information—in a fully linear setup. This advancement demonstrates progress toward a more scalable trapped-ion architecture, the method the company uses to build quantum computers.
The startup is also pursuing commercial applications, including traffic planning work with Ayalon Highways, an Israeli road infrastructure company, reflecting industry pressure on quantum hardware firms to develop near-term revenue streams before achieving fault-tolerance.