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Quantum computing remains a holy grail in the world of technology. But thanks to some important breakthroughs in the last several months, investors are

Quantum Machines has raised $170 million in series C funding, one of the largest rounds of funding in the quantum industry.

The tech giant has joined Google and IBM in predicting that a fundamental change in computing technology is closer than recently believed.

The Israeli company’s latest round marks one of the largest fundraisings to date for a quantum computing company.

Quantum Machines’ total outside funding now stands at $280 million. Qubits, the basic building blocks of a quantum computer, can’t carry out calculations on their own. They usually rely on a classical server to coordinate processing.