Classiq 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, 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. 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.”
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“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.”
SOURCE: PRNewswire