Quantum Machines announced that it has received $17.5 million in a round of funding led by new investor Harel Insurance Investments & Financial Services Ltd (TASE:HARL) and individual investor Avigdor Willenz on March 19, 2020. The transaction also included participation form returning investors Battery Ventures, Meron Capital and TLV Partners. Avigdor Willenz will join the company's board. The company has received $23 million in funding till date.