What does Classiq do?
Classiq is a quantum software company that provides a comprehensive development platform—including an IDE, compiler, and operating system—that automates quantum programming. Its proprietary algorithmic compilation technology enables the synthesis of quantum circuits with millions of gates, making quantum application development accessible without deep quantum expertise.
How much did they raise?
The company raised $110M in its Series C round, led by Entrée Capital with participation from investors such as Norwest, NightDragon, Hamilton Lane, Clal, Neva SGR, Phoenix, Team8, IN Venture, Wing, HSBC, Samsung Next, and QBeat. This round brings its total funding to $173M.
What are their plans for the money?
Classiq intends to use the funds to expand its operations and further develop its quantum programming platform, which could accelerate the adoption and scaling of quantum computing across various industries.
What have they achieved so far?
The company has already achieved notable progress by delivering a robust platform used by major enterprises including BMW, Citi, Deloitte, Rolls-Royce, Mizuho, and Toshiba, demonstrating its capability to support scalable quantum applications.
