Summary:
- Classiq, a quantum development platform based in Tel Aviv, Israel, secured $110M in Series C funding.
- The round was led by Entrée Capital, with participation from various investors, to support the company’s expansion and development efforts.
- Classiq Technologies offers a quantum software platform that simplifies quantum programming for enterprises like BMW, Citi, and Toshiba.
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Rewritten Article:
Classiq Secures $110M in Series C Funding for Quantum Development Platform
In a recent announcement, Classiq, a leading quantum development platform headquartered in Tel Aviv, Israel, revealed that it has successfully raised $110 million in Series C funding. This funding round was spearheaded by Entrée Capital and saw participation from prominent investors such as Norwest, NightDragon, and funds managed by Hamilton Lane, among others. The influx of capital is intended to fuel the company’s expansion initiatives and further enhance its development efforts.
Under the leadership of CEO Nir Minerbi, Classiq Technologies stands out as a quantum software company that offers a comprehensive platform comprising an IDE, compiler, and operating system. This platform revolutionizes quantum programming by automating the process, making it accessible to companies and researchers without requiring specialized quantum expertise. Through its proprietary algorithmic compilation technology, Classiq can synthesize complex quantum circuits with millions of gates, facilitating the scaling of quantum programs on quantum computers.
Notable enterprises across various industries, including BMW, Citi, Deloitte, Rolls-Royce, and Toshiba, have already benefitted from Classiq’s innovative quantum solutions. This recent funding injection brings Classiq’s total funding to an impressive $173 million, underscoring the company’s strong market position and growth trajectory.
As the quantum computing landscape continues to evolve rapidly, Classiq remains at the forefront of driving innovation and enabling organizations to harness the power of quantum technologies effectively. With a solid foundation of financial backing and a proven track record of success, Classiq is poised to play a pivotal role in shaping the future of quantum computing.
Stay tuned for more updates on Classiq’s groundbreaking advancements in the quantum development space.
Published by FinSMEs on 12/05/2025
