Ex-Mossad Chief Yossi Cohen Joins Israeli Quantum Firm QXL

Former Mossad chief Yossi Cohen has been appointed president of the scientific council at QXL, a small Israeli quantum computing company. The company, which develops quantum computers based on cold atoms and related software, saw its stock price jump 10% following the announcement, increasing its market value to $63 million from $57 million. Cohen's role will be advisory, focusing on helping QXL integrate its quantum technologies into strategic, commercial, and security applications, particularly in areas like cyber, critical infrastructure, defense, aviation, and space. He will not be a board member.

QXL, led by Yaki Berns, is currently developing a 50-qubit quantum chip, a number considered low for significant quantum advantage, alongside algorithms for drug development, transportation optimization, and GPS alternatives. The company also has subsidiaries focused on online advertising and writing/translation software. Cohen's appointment aims to bridge QXL's scientific roadmap with the practical adoption of quantum technologies in various sectors.

Cohen's current activities also include a role with the Japanese investment giant SoftBank, focusing on strategic investments in critical infrastructure, server farms, and partnerships with AI and chip companies. Another prominent figure in the Israeli quantum sector is former Prime Minister Naftali Bennett, who serves as a director at the photonics quantum computing firm Quantum Source.

QXL's portfolio includes a quantum computing platform using neutral atoms, AI-based quantum error correction, a quantum gyroscope sensor for GPS-denied navigation, next-generation atomic clocks, and initiatives in quantum cybersecurity, nuclear simulations, and life sciences.