In the coming years, quantum computers will transform commercial industries, unlocking immense value across many sectors. Classiq, founded in 2020 by leading quantum researchers and engineers, has developed groundbreaking technology and built a premier quantum software platform that harnesses this new wave of computing power.<\/p>\n
Today, \u2248 announced a $110 million Series C funding round \u2014 the largest ever for a quantum software company. The round was led by Entr\u00e9e Capital<\/a>, with participation from Norwest<\/a>, NightDragon<\/a>, funds managed by Hamilton Lane, Clal, Neva SGR, Phoenix, Team8<\/a>, IN Venture, Wing, HSBC, Samsung Next and QBeat, along with other new and existing investors.\u00a0<\/p>\n This investment brings Classiq\u2019s total funding to $173 million, enabling the company to scale its go-to-market, customer success, and R&D teams to meet growing demand. Classiq will expand globally to strengthen its position in national quantum initiatives and as a cornerstone of the quantum ecosystem.<\/p>\n \u201cWe are building the Microsoft of quantum computing,\u201d said Nir Minerbi<\/a>, CEO and Co-founder of Classiq. \u201cIn this new era of computing, Classiq is delivering the essential software stack to empower the development of real-world quantum applications.\u201d<\/p>\n How Classiq synthesises quantum circuits with millions of gates<\/p>\n Classiq was founded by Nir Minerbi (CEO), Amir Naveh <\/a>(Chief Product Officer), and Dr. Yehuda Naveh<\/a> (CTO). The company offers a comprehensive quantum development platform (IDE, compiler, and OS) that simplifies quantum programming, enabling businesses and researchers to create sophisticated quantum applications without requiring extensive quantum expertise.<\/p>\n The Classiq platform uses proprietary algorithmic technology for quantum circuit compilation, enabling rapid synthesis of quantum circuits with millions of gates. This allows complex quantum programs to scale efficiently and run on any quantum computer \u2014 a task virtually impossible to accomplish manually.\u00a0<\/p>\n The platform\u2019s strength lies in its high-level abstraction: developers specify the desired functionality, and Classiq\u2019s system automatically generates optimised quantum circuits for various hardware architectures. This approach significantly reduces development time and lowers the barrier to entry for quantum software engineering.\u00a0<\/p>\n The platform can also compress quantum circuits by up to 97%, reducing error rates and accelerating practical enterprise applications, as demonstrated through collaborations with Deloitte Tohmatsu and Mitsubishi Chemical.<\/p>\n The company\u2019s team comprises expert researchers and engineers, including quantum computing pioneers and seasoned software professionals. They combine hundreds of years of expertise from leading technology institutions and global companies, spanning quantum physics, software engineering, chip design, and compilation technologies \u2014 all crucial to Classiq\u2019s enterprise-grade innovations.\u00a0<\/p>\n This innovation is protected by over 60 filed patents on key quantum modeling and compilation technologies, with a 100% acceptance rate, highlighting the company\u2019s scientific leadership and IP strategy.<\/p>\n The next era for quantum software<\/p>\n Classiq has tripled its customer base and revenues yearly, serving dozens of top enterprise teams and hundreds of academic institutions worldwide in creating quantum applications. The company serves enterprises across industries, including BMW, Citi, Deloitte, Rolls-Royce, Mizuho and Toshiba. It collaborates with industry leaders like Microsoft, AWS, and NVIDIA and is integrated into the curriculum of many leading universities.<\/p>\n Classiq\u2019s platform, the only enterprise solution designed for scalable quantum programs, bridges the growing gap between quantum hardware and software:<\/p>\n Minerbi distinguishes Classiq\u2019s approach as providing the \u201cfishing rod\u201d (a scalable, automated platform) rather than the \u201cfish\u201d (custom services). Other notable players include Phasecraft, which develops quantum software for near-term and fault-tolerant quantum computers, and Pasqal, which specialises in quantum computing solutions for energy, mobility, and finance.<\/p>\n \u201cQuantum computing is advancing rapidly, and Classiq has emerged as the clear leader in the quantum software category,\u201d said Avi Eyal, Managing Partner at Entr\u00e9e Capital. \u201cWe\u2019re proud to support the team as they continue to build the operating system and compiler for all quantum computers.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"In the coming years, quantum computers will transform commercial industries, unlocking immense value across many sectors. Classiq, founded…\n","protected":false},"author":2,"featured_media":95177,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3164],"tags":[3284,5036,12,3322,53,16,15],"class_list":{"0":"post-95176","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-computing","8":"tag-computing","9":"tag-funding","10":"tag-news","11":"tag-startups","12":"tag-technology","13":"tag-uk","14":"tag-united-kingdom"},"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@uk\/114494562852948928","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts\/95176","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/comments?post=95176"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts\/95176\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/media\/95177"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/media?parent=95176"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/categories?post=95176"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/tags?post=95176"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}\n