Israeli quantum startup Qedma just raised $26 million, with IBM joining in

Israeli quantum computing startup Qedma has raised $26 million in a Series A funding round led by Israeli VC firm Glilot+, with participation from existing investors like TPY Capital, new investors including Korean Investment Partners, and notably IBM. Qedma specializes in quantum error mitigation software, particularly its flagship product QESEM (quantum error suppression and error mitigation), which analyzes and reduces noise-induced errors in quantum computations both during execution and in post-processing. This approach enables more accurate quantum circuit runs on current hardware without waiting for full error correction advancements at the hardware level. IBM’s involvement reflects its strategy to foster a collaborative quantum ecosystem by partnering with companies focused on software layers, complementing its own hardware and software development efforts. IBM’s VP of Quantum, Jay Gambetta, emphasized the importance of community efforts to achieve scientifically accepted definitions of “quantum advantage”—the point where quantum computers demonstrably outperform classical ones. Qedma’s CEO, Asif Sinay, expressed optimism that the company could