Classiq Technologies, a quantum computing software company, has announced its expansion into the Boston area. The company’s vice president of strategic partnerships, Shai Lev, will relocate to lead the company’s growth in North America. The expansion is a strategic move to tap into Boston’s thriving quantum ecosystem, renowned academic institutions, and key industries pursuing quantum applications.
The company, headquartered in Tel Aviv, has experienced significant growth over the past year due to increasing demand for its quantum computing software. The decision to expand into Boston was influenced by the city’s reputation as a hub for quantum research and education, as well as the presence of industries such as financial services, pharmaceuticals, and healthcare actively exploring the potential of quantum technology.
Shai Lev to Lead North American Expansion
Shai Lev, who has been instrumental in establishing partnerships with other quantum hardware and software companies, will lead Classiq’s North American expansion. He will open the company’s Boston-area office. Lev’s relocation is a strategic move to strengthen the company’s presence in North America and introduce more organizations to Classiq’s technologies and products.
Boston is known for its high concentration of quantum activity, from research at universities like MIT and Harvard to government-funded programs and private-sector efforts. Lev’s role will be to represent Classiq in the Boston ecosystem and throughout North America.
Classiq Technologies is a quantum software company that provides a comprehensive software platform for quantum computing, from algorithm design to execution. The company aims to democratize access to quantum computing with software that enables customers to fully leverage the quantum computing revolution.
The company’s software is designed to be accessible to developers of all proficiency levels. It offers a low-code development environment, which means that a broader range of talents, including those with backgrounds in AI, ML, and linear algebra, can harness quantum computing without requiring deep, specialized knowledge of how to program quantum computer hardware.
Classiq is backed by investors such as HPE, HSBC, Samsung, Intesa Sanpaolo, and NTT. Its team of scientists and engineers has distilled decades of quantum expertise into its groundbreaking software development platform.
Classiq’s Quantum Computing Software
Classiq’s quantum computing software is designed to democratize access to quantum computing. It provides a single entry point into quantum computing, from algorithm design to execution. The software is tailored to all levels of developer proficiency, making it accessible to a wide range of talents.
The software equips customers to take full advantage of the quantum computing revolution. It offers a low-code development environment, which means that a broader range of talents, including those with backgrounds in AI, ML, and linear algebra, can harness quantum computing without requiring deep, specialized knowledge of how to program quantum computer hardware.
Classiq’s Investors and Team
Classiq is backed by a number of powerful investors, including HPE, HSBC, Samsung, Intesa Sanpaolo, and NTT. The company’s team of scientists and engineers has distilled decades of quantum expertise into its groundbreaking software development platform.
The team’s collective expertise and the backing of these investors have positioned Classiq to be a significant player in the quantum computing field. The company’s expansion into Boston and the relocation of Shai Lev to lead the North American expansion are strategic moves to further strengthen its position in the industry.
“As we continue our impressive momentum helping organizations develop real-world quantum applications, Boston is a clear choice for further expansion,” said Nir Minerbi, CEO and co-founder of Classiq. “The Boston area is a hub for quantum research and education with an incredible pool of quantum talent. Industries aggressively exploring quantum’s potential, such as financial services, pharmaceuticals and healthcare, are very strong there.”
“Boston has one of the highest concentrations of quantum activity today – from research at MIT, Harvard and other universities, to government-funded programs and private-sector efforts,” said Lev. “It’s exciting to represent Classiq in the Boston ecosystem and throughout North America as we introduce more organizations to our technologies and products to accelerate their journey to quantum advantage.”
Summary
Classiq Technologies, a quantum computing software company, is expanding into Boston to tap into the region’s thriving quantum ecosystem and academic institutions. The move is aimed at aiding industries such as financial services, pharmaceuticals and healthcare that are exploring quantum’s potential.
- Classiq Technologies, a quantum computing software company based in Tel Aviv, is expanding into the Boston area.
- Shai Lev, the company’s vice president of strategic partnerships, will lead this North American expansion.
- The move is aimed at tapping into Boston’s thriving quantum ecosystem, renowned academic institutions, and key industries exploring quantum applications.
- CEO and co-founder of Classiq, Nir Minerbi, highlighted Boston’s strength in industries such as financial services, pharmaceuticals, and healthcare, which are actively exploring quantum’s potential.
- Classiq provides a software platform that simplifies access to quantum computing, from algorithm design to execution. It aims to democratise access to quantum computing, allowing a broader range of talents to harness quantum computing without requiring specialised knowledge.
- The company is backed by investors including HPE, HSBC, Samsung, Intesa Sanpaolo, and NTT.
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