Classiq Technologies, based in Israel, has secured $110 million in Series C funding, marking the largest investment ever for a quantum software company. The round was led by Entre Capital and included participation from Norwest, NightDragon, Hamilton Lane-managed funds, Clal, Neva SGR, Phoenix, Team8, IN Venture, Wing, HSBC, Samsung Next, QBeat, and other investors, bringing the company’s total funding to $173 million. The capital will be used to expand its global presence, scale teams including go-to-market, customer success, and R&D, and meet growing demand for quantum software solutions. Classiq serves top enterprises such as BMW, Citi, Deloitte, Rolls-Royce, Mizuho, and Toshiba, along with leading academic institutions, providing a platform that enables the development of scalable quantum applications across various industries.
Classiq Secures $110 Million in Series C Funding
Classiq has secured $110 million in a Series C funding round, the largest ever for a quantum software company. This round was led by Entre Capital, with participation from several notable investors, bringing Classiq’s total funding to $173 million. The funds will be utilized to expand their go-to-market strategies, enhance customer success initiatives, and bolster research and development efforts, positioning Classiq to meet the growing demand for quantum software solutions.
The company has experienced rapid growth, tripling its customer base and revenues annually. Key clients include major enterprises such as BMW, Citi, Deloitte, Rolls-Royce, Mizuho, and Toshiba. Classiq collaborates with leading tech companies like Microsoft, AWS, and NVIDIA, further solidifying its position in the quantum computing ecosystem.
Positioning for Future in Quantum Computing
Classiq’s platform addresses a critical challenge in quantum computing: the hardware-software gap. By enabling developers to design scalable quantum programs, Classiq supports a wide range of hardware providers, from cloud platforms like AWS and Azure to direct connections with leading quantum computers. This versatility allows developers to advance quantum applications without being locked into specific architectures.
The company’s proprietary algorithmic circuit compilation technology efficiently synthesizes large-scale quantum circuits, enabling sophisticated programs that can scale across various systems regardless of their underlying architecture. By abstracting hardware-specific details, Classiq simplifies the development process for users without deep expertise in quantum mechanics.
Classiq has established itself as a key player in the quantum computing space by serving prominent enterprises such as BMW, Citi, Deloitte, Rolls-Royce, Mizuho, and Toshiba. These collaborations highlight Classiq’s ability to deliver practical solutions across diverse industries. Additionally, the company partners closely with leading technology firms like Microsoft, AWS, and NVIDIA, enhancing its position within the broader quantum ecosystem.
The platform’s versatility is a cornerstone of its success, facilitating seamless integration with multiple cloud platforms and direct connections to leading quantum computers. This capability empowers developers to work across different hardware architectures without constraints, fostering innovation and scalability in quantum application development.
Classiq’s platform also supports academic institutions, contributing to research and education in quantum computing. By offering tools that simplify the creation of large-scale quantum circuits, Classiq enables both industry professionals and researchers to advance their work effectively.
The company’s achievements are underpinned by a team of experts with deep expertise in quantum physics and software engineering, alongside a robust intellectual property portfolio. This foundation ensures Classiq remains at the forefront of addressing hardware-software integration challenges in quantum computing.
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