Classiq announced it has raised $110 million in Series C funding, one of the largest finance rounds for a quantum software company—enabling the expansion of the company’s global footprint to broaden its leading role in national quantum initiatives and as a cornerstone of the quantum ecosystem.
The round was led by Entrée Capital, with participation from Norwest, NightDragon, funds managed by Hamilton Lane, Clal, Neva SGR, Phoenix, Team8, IN Venture, Wing, HSBC, Samsung Next, and QBeat, as well as other new and existing investors.
This investment brings Classiq’s total funding to $173 million, positioning the company to meet growing demand by significantly scaling its go-to-market, customer success, and R&D teams, the vendor said.
“We are building the Microsoft of quantum computing,” said Nir Minerbi, CEO and co-founder of Classiq. “In this new era of computing, Classiq is delivering the essential software stack to empower the development of real-world quantum applications.”
According to the company, with this funding and with quantum computing getting ever closer to commercial readiness, Classiq is positioned to become the standard development platform for quantum—powering breakthrough applications across industry, government and academia.
Classiq, founded in 2020, has developed deep technology and built a leading quantum software product that unleashes this new wave of computing power.
Classiq has tripled its customer base and revenues year over year and is used by dozens of the top enterprise teams and hundreds of academic institutions worldwide, enabling the creation of quantum applications.
Classiq serves enterprises across industries, including BMW, Citi, Deloitte, Rolls-Royce, Mizuho, and Toshiba. The company collaborates with leading entities such as Microsoft, AWS, and NVIDIA, and is also deeply embedded across academia, forming part of the official curriculum in many top-tier universities.
Classiq’s platform, an enterprise solution suited to designing scalable quantum programs, addresses the widening gap between quantum hardware and quantum software by providing:
- Accelerated onboarding: Enables developers, data scientists, computational scientists and engineers to build production-grade quantum programs quickly.
- Automated algorithm development that scales: Seamlessly translates high-level functional models into low-level circuits, optimized for execution via the cloud.
- Hardware-agnostic deployment: AWS Braket, Microsoft Azure Quantum, Google Cloud. Direct integration with: IBM, IonQ, QuEra, Quantinuum, OQC, AQT, Alice & Bob, Rigetti, and most leading simulators including NVIDIA and Intel.
The company is powered by a team of skilled researchers and engineers, including quantum computing pioneers and enterprise software veterans. The expertise spans quantum physics, software engineering, chip design and compilation technologies—all contributing to Classiq’s enterprise-grade innovation.
For more information about this news, visit www.classiq.io.