Israeli quantum software program firm Classiq at present introduced the completion of a $110 million Sequence C financing spherical. The quantum computing sector is booming and Classiq’s fund elevating comes three months after one other Israeli firm – Quantum Machines – raised $170 million. Classiq didn’t disclose the valuation at which the spherical was accomplished however trade sources estimate it at above $400 million. The modest valuation is according to the corporate’s annual income, which is estimated at $8-9 million.
RELATED ARTICLES
The spherical was led by Entrée Capital, with participation from Norwest, NightDragon, Hamilton Lane, Clal, Neva SGR, Phoenix, Team8, IN Enterprise, Wing, HSBC, Samsung Subsequent and QBeat, in addition to different new and present traders. This funding brings Classiq’s whole funding to $173 million.
The brand new funds will probably be used to assist meet rising demand by enlarging advertising, gross sales and R&D groups. Classiq will broaden its position in nationwide quantum initiatives and as a cornerstone of the quantum ecosystem.
Classiq was based in 2020 by CEO Nir Minerbi, Amir Naveh, and Yehuda Naveh. The corporate was chosen by “Globes” as one in all Israel’s most promising startups in 2022.
Minerbi stated “We’re constructing the Microsoft of quantum computing. On this new period of computing, Classiq is delivering the important software program stack to empower the event of real-world quantum functions.”
Classiq says it has tripled its buyer base and income yr over yr and is utilized by dozens of the highest enterprise groups and a whole bunch of educational establishments worldwide, enabling the creation of quantum functions. Clients embrace BMW, Citi, Deloitte, Rolls-Royce, Mizuho and Toshiba. The corporate additionally collaborates with main tech giants similar to Microsoft, AWS and NVIDIA, in addition to academia, forming a part of the official curriculum in lots of top-tier universities.
Classiq’s platform and enterprise answer is suited to designing scalable quantum applications, and addresses the widening hole between quantum {hardware} and quantum software program.
Printed by Globes, Israel enterprise information – en.globes.co.il – on Could 12, 2025.
© Copyright of Globes Writer Itonut (1983) Ltd., 2025.
