Qedma Secures $26M Funding from IBM for Quantum Error Reduction

QEDMA, an Israeli startup specializing in quantum noise resilience software, has raised $26 million in a Series A funding round led by Glilot Capital Partners, with participation from IBM, Korean Investment Partners, TPY Capital, and others. The company develops a platform-agnostic software solution that characterizes and learns the unique noise patterns of quantum devices to suppress and mitigate errors, thereby enabling more complex quantum calculations on existing hardware. QEDMA's approach combines error suppression during computation with post-processing error correction, potentially reducing the qubit overhead needed for reliable quantum computing and accelerating the timeline to practical quantum advantage. Founded in 2020 by Dr. Asif Sinay, Prof. Dorit Aharonov, and Prof. Netanel Lindner, the startup integrates theoretical insights from quantum fault tolerance with practical optimization techniques. The company collaborates closely with IBM, which grants them access to its quantum operating system, and anticipates demonstrating quantum advantage in the near future through partnerships with multiple quantum computing firms and research institutions. This funding will support expanding QEDMA's team and advancing its software capabilities to help overcome one of the greatest challenges in scaling quantum computing—error rates in qubits.