Israeli Startup Classiq Raises $110M to Become 'Microsoft of Quantum Computing', Total Funding Reaches $173M

Israeli quantum computing startup Classiq has secured $110 million in a Series C funding round, led by Entree Capital. This latest investment brings the company's total funding to $173 million since its founding in 2020 by Nir Minerbi, Amir Naveh, and Yehuda Naveh.

Classiq aims to develop the software stack for quantum computing, positioning itself as the 'Microsoft of quantum computing.' The funding will be used to expand Classiq's go-to-market, customer success, and R&D teams globally, as well as to enhance its role in national quantum initiatives.

The company's platform is designed to be hardware-agnostic, allowing for deployment across various quantum computing systems including AWS Braket, Microsoft Azure Quantum, and Google Cloud. Classiq collaborates with major industry players like Microsoft, AWS, and NVIDIA, and serves enterprises such as BMW, Citi, Deloitte, Rolls-Royce, Mizuho, and Toshiba.

Classiq's technology has been protected by over 60 filed patents, and the company has tripled its customer base and revenue annually. The company now employs 63 people, including 11 Talpiot graduates and dozens of Ph.D's, and has engaged with over 500 universities and thousands of users. This significant funding round underscores the growing importance of software in the quantum computing industry.