Classiq Raises $33M in Series B Funding

Classiq, a Tel Aviv, Israel-based quantum software development provider, raised $33M in Series B funding.

Backers included Hewlett Packard Pathfinder, Phoenix, Spike Ventures, Samsung NEXT, Lip-Bu Tan, Harvey Jones, Wing VC, Team8, Entrée Capital, Sumitomo Corp, and OurCrowd. This new round brings Classiq’s total funding to $48m in 20 months of existence.

The company intends to use the funds to expand the team of engineers and researchers, opening new offices around the globe, and continuing to develop and file quantum algorithm design patents.

Led by CEO Nir Minerbi,, Classiq provides a platform for Quantum Algorithm Design software development. Forward-thinking companies develop on the Classiq platform, solving real-world problems with quantum circuits that could not be created otherwise.

FinSMEs

17/02/2022