Israeli start-up Quantum Machines, which specializes in the production of control systems for quantum computers, today announced the acquisition of QDevil, a well-known Danish company specializing in the production of equipment for controlling quantum systems. Both companies did not disclose financial details of the deal, and the company has only raised about $1 million, mostly in grants, according to Crunchbase. But it has become a major player in the market and has several reputable quantum computing research institutes and commercial organizations as its clients.
Itamar Sivan, founder and CEO of Quantum Machines, told me that he first met the QDevil team in person at the last APS face-to-face meeting in March 2019, and that the companies have continued to communicate for years. “At some point, we realized that joining forces would be very impressive, as their products really complement ours. That is why we can now offer a more comprehensive orchestration platform,” Sivan said. Ultimately, building a quantum processor (or buying one off the shelf) is one thing, but turning it into a full-fledged quantum computer requires a lot of experience.
One of QDevil’s flagship products is the QDAC, “high precision, low noise computerized voltage generator,” as the company describes it. Qubits seem to hate everything but noise, so QDevil’s low-noise DAC makes it easy for operators to control their qubits. In addition, QDevil also provides a number of other electronics and specialized components to run quantum processors. Together with pulse processing units and quantum machine software, this will allow both companies to provide a complete solution for optimizing quantum computers. Sivan also emphasized that QDevil has been working hard to master quantum dots, which are an increasingly popular topic in the world of quantum computing.
“QDevil is one of the leading suppliers of electronics for quantum computers,” said the doctor. Jonathan Kuczynski, CEO of QDevil. “We are delighted to partner with Quantum Machines, a company whose mission and goals are exactly the same as ours. Together we will continue to develop the quantum community Denmark and provide breakthrough technologies that enable quantum computing companies to intuitively unlock the potential of their QPUs.”
Sivan also noted that the acquisition brings a lot of new talent into quantum machines — and that there are only a limited number of physicists with doctoral degrees specializing in quantum mechanics on the market.
“This is a big acquisition for us as far as technology, products, customer base and people are concerned,” Sivan said. “That’s really all. they did a great job and i can say now [Quantum Machines] In addition, QDevil sells to almost all quantum computing players around the world – more than 90% – including companies, startups, national laboratories.
Most likely, this will not be the last addition to the quantum machine. The company has now raised $73 million, so it has reserves to work with smaller companies and build its platform. We will likely see the same in the market given the number of smaller niche companies right now and some of the larger players trying to build full stack platforms.
“I believe that this acquisition will certainly be a strategy for quantum machines and, I think, for other companies,” Sivan said. “Because in the value chain, I guess you will see that eventually there will be more or less important layers in the value chain.”