Classiq Raises $110 Million in Massive Quantum Software Funding Round
Insider Brief
- Classiq has raised $110 million in Series C funding, reportedly the largest ever for a quantum software company, bringing its total funding to $173 million.
- The company plans to scale its commercial and R&D operations globally, positioning itself as a foundational player in the quantum ecosystem with customers like BMW, Citi, Rolls-Royce, and partners including Microsoft and NVIDIA.
- Classiq’s platform enables hardware-agnostic, automated quantum program development and is backed by over 60 granted or filed patents on core quantum technologies.
- ImageL Classiq Founders Yehuda Naveh, Amir Naveh and Nir Minerb. (Eyal Toueg)
PRESS RELEASE — Classiq today announced raising $110 million in Series C funding, the largest ever for a quantum software company. The round was led by Entrée Capital, with participation from Norwest, NightDragon, 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. Classiq will expand its global footprint to broaden its leading role in national quantum initiatives and as a cornerstone of the quantum ecosystem.
“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.”
The Next Era for Quantum Software
In the coming years, quantum computers will have a dramatic commercial impact, unlocking huge value across many sectors. 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, the only enterprise solution suited to designing scalable quantum programs, addresses the widening gap between quantum hardware and quantum software:
- 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.
“Quantum computing is advancing at a rapid pace, and Classiq has emerged as the clear leader in the quantum software category,” said Avi Eyal, Managing Partner at Entrée Capital.
“We’re proud to support the team as they continue to build the operating system and compiler for all quantum computers.”
World-Class Team and Intellectual Property
The company is powered by a team of skilled researchers and engineers, including quantum computing pioneers and enterprise software veterans. Together, they bring hundreds of years of combined experience from top technology institutions and leading global companies. The expertise spans quantum physics, software engineering, chip design and compilation technologies – all contributing to Classiq’s enterprise-grade innovation.
This innovation is protected by over 60 filed patents on core quantum modeling and compilation technologies, with a 100% acceptance rate to date – a testament to the company’s scientific leadership and IP strategy.
With this funding and with quantum computing getting ever closer to commercial readiness, Classiq is uniquely positioned to become the standard development platform for quantum – powering breakthrough applications across industry, government and academia.
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Matt Swayne
With a several-decades long background in journalism and communications, Matt Swayne has worked as a science communicator for an R1 university for more than 12 years, specializing in translating high tech and deep tech for the general audience. He has served as a writer, editor and analyst at The Quantum Insider since its inception. In addition to his service as a science communicator, Matt also develops courses to improve the media and communications skills of scientists and has taught courses.
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MENTIONED IN THE ARTICLE
Classiq
Classiq Technologies specializes in quantum computing software, focusing on enabling the design, optimization, analysis, and deployment of quantum algorithms. It develops a high-level quantum algorithm design platform (IDE, compiler, “OS”) that transforms functional models into optimized, hardware-aware quantum circuits to address the challenge of gate-level complexity. It emphasizes abstraction, circuit synthesis, and resource optimization, working with enterprises, researchers, and hardware/cloud providers to deliver scalable quantum software.
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BMW
BMW, which stands for Bayerische Motoren Werke AG, is a prominent German multinational corporation known for manufacturing luxury vehicles and motorcycles. The company has its headquarters in Munich, Bavaria, Germany. BMW is renowned for producing high-quality automobiles and motorcycles, often associated with innovative engineering and a premium driving experience.
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Citigroup
Citigroup Inc. or Citi is an American multinational investment bank and financial services corporation headquartered in New York City.
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Rolls-Royce
Rolls-Royce Holdings plc is a British multinational aerospace and defence company incorporated in February 2011. The company owns Rolls-Royce, a business established in 1904 which today designs, manufactures and distributes power systems for aviation and other industries.
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Microsoft
Microsoft engages in the creation and licensing of software for both consumer and enterprise use. The company is renowned for its development of Windows operating systems and the Office suite designed for productivity. Microsoft's structure encompasses three major segments of roughly equal size: productivity and business processes, which encompasses legacy Microsoft Office, cloud-based Office 365, Exchange, SharePoint, Skype, LinkedIn, and Dynamics; the intelligence cloud, which includes offerings like Azure, Windows Server OS, and SQL Server; and more personal computing, which covers Windows Client, Xbox, Bing search, display advertising, and a range of Surface laptops, tablets, and desktops.
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NVIDIA
NVIDIA Corporation is an American multinational technology company and a global player in accelerated computing and Artificial Intelligence (AI). Founded in 1993, the company pushes the aerospace frontier with the Space-1 Vera Rubin Module, a platform for orbital data centers that delivers massive AI-compute Space Computing. This NVIDIA technology enables satellites and autonomous spacecraft to process and fuse sensor data rapidly Space Computing.
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HSBC
HSBC stands as a global bank, possessing assets amounting to USD 3 trillion and serving a customer base of 40 million individuals across the world. Its operational footprint extends across 64 countries, supported by approximately 220,000 full-time employees. The bank maintains significant presence in regions such as Asia, Europe, the Middle East and North Africa, and North America. Notably, the United Kingdom and Hong Kong stand as the bank's largest markets. HSBC's services encompass a wide range, including retail, commercial, and institutional banking, global banking and markets, as well as wealth management and private banking.
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IBM
IBM is an iconic technology pioneer founded in 1911 as the Computing-Tabulating-Recording Company and officially renamed International Business Machines Corporation in 1924. Beyond foundational computing, IBM possesses a deep legacy in aerospace and defense from building the guidance computers and Instrument Unit for NASA's historic Apollo missions to partnering with Airbus on CIMON, the first AI assistant on the ISS.
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