Classiq Technologies News
26 articles
SoftBank Vision Fund 2 joins international backers as Classiq’s latest funding round brings total raised to nearly $200 million.
Classiq, a developer of quantum software development platforms, has raised between $10 million and $20 million in a recent funding round led by SoftBank Vision Fund 2 and CDP Venture Capital. This investment is part of an expanded $110 million Series C round, bringing Classiqs total funding to nearly $200 million. The company aims to unlock quantum computing for real-world applications and has developed an operating system that allows organizations to build quantum applications in a hardware-agnostic way. Classiq collaborates with major companies like BMW Group, NVIDIA, and Toshiba Digital Solutions to optimize quantum computing applications.
Investment
The Japanese investment giant has resumed direct investments in Israel at a sensitive time with public opinion in Japan leaning against Israel.
SoftBank has resumed direct investments in Israel, investing in the quantum software company Classiq. This investment is part of a $110 million financing round led by Entrée Capital, with SoftBank contributing an additional $20-30 million. The investment, which values Classiq at $400 million, includes participation from Japanese corporations such as Sumitomos IN Venture and NTT, as well as Italys CDP. Classiq, known for its quantum computing operating system, has a branch in Japan and serves clients like Mitsubishi and Deloitte Japan. This marks SoftBanks return to direct investments in Israel and its first quantum investment.
InvestmentPartnersCustomers
Israeli quantum software co Classiq raises $110m
Classiq, an Israeli quantum software company, announced a $110 million Series C financing round, led by Entrée Capital and joined by several other investors. The funding will be used to expand marketing, sales, and R&D teams to meet growing demand. Classiq, founded in 2020, aims to become a leader in quantum computing software, with a platform that bridges the gap between quantum hardware and software. The company has tripled its customer base and revenue year over year, with clients like BMW, Citi, and Rolls-Royce. Classiq collaborates with tech giants such as Microsoft, AWS, and NVIDIA, and is part of the curriculum in top universities.
InvestmentCustomersPartnersExpand
זהו סבב הגיוס הגדול ביותר בחברת קלאסיק (Classiq שמפתחת כלי תוכנה עבור שוק המחשוב הקוונטי, והוא מצטרף לגל גיוסים של חברות ישראליות בתחום בשמונת החודשים האחרונים ■ הפתרונות שלה נמצאים בשימוש של חברות כמו רולס רויס, טושיבה ודלויט ■ "המטרה שלנו היא להיות סטנדרט"
Classiq, a startup developing software tools for the quantum computing market, announced a $110 million Series C funding round led by Entrée Capital. This round is the largest investment in a quantum software company to date, bringing Classiqs total funding to $173 million since its founding in 2020. The company aims to become the standard in quantum computing software, with its solutions already used by companies like Rolls Royce, Toshiba, and Deloitte. Classiqs platform allows organizations to develop quantum applications without needing quantum experts. The company has seen significant growth, with its solutions now used by dozens of companies and around 600 academic institutions. The quantum computing market is still in its early stages, but Classiq is positioning itself as a leader in the field.
InvestmentCustomers
ChipEx2024 מנכ"ל CLASSIQ מציג את ההבטחות של המיחשוב הקוונטי ואת האתגרים - Chiportal
Nir Minervi, CEO of Classiq, spoke about the rapid progress in the field of quantum computing and its profound future impact on many industries. He emphasized the significant advancements in the development of quantum computing hardware in recent years, with a race between tech giants like Google, Intel, Microsoft, IBM, and Amazon, alongside national labs, academia, and startups. Despite no clear winner in the race yet, Minervi expressed optimism that within two to three years, significant breakthroughs in the industry will enable tasks that are currently impossible with conventional computers.
InvestmentExpand
Citi Explores Quantum Computing for Portfolio Optimisation
Citi Innovation Labs has partnered with Classiq to explore the potential of quantum computing in improving portfolio optimisation. The partnership will leverage Amazons quantum technologies platform, Amazon Braket. Classiq provides a stack that allows for higher-level abstraction modelling, which Citi believes can bridge the gap between quantum information and the financial world. The partnership will focus on Quantum Approximate Optimisation Algorithms (QAOAs) and how they can be used to optimise portfolios. If successful, this could lead to improved results in portfolio optimisation and other complex challenges faced by banking firms.
Partners
NVIDIA, Rolls-Royce, and Classiq announce quantum computing breakthrough | CTech
Rolls-Royce, in collaboration with NVIDIA and Classiq, has achieved a quantum computing breakthrough by designing and simulating the worlds largest quantum computing circuit for computational fluid dynamics (CFD). The circuit, measuring 10 million layers deep with 39 qubits, will be used by Rolls-Royce to model the performance of jet engine designs in simulations. The collaboration utilizes NVIDIAs quantum computing platform and Classiqs synthesis engine. The breakthrough aims to bring increased efficiency to jet engines and accelerate Rolls-Royces research and development efforts in creating more efficient engines.
PartnersInvestment
KPMG and Classiq join forces to offer quantum computing capabilities to enterprise customers | CTech
KPMGs Global Quantum Hub has announced a collaboration with Classiq, an Israeli quantum software company, to bring innovative quantum solutions to clients. The collaboration will target various industry verticals, and the companies will focus on quantum use-case exploration and capability development. Classiq, which has raised $63 million since its inception in 2020, provides a platform for designing, executing, and analyzing quantum software. The collaboration aims to help organizations adopt quantum technologies and drive real-world impact through the use of quantum computing.
Partners
Microsoft and Israeli startup Classiq collaborate to bring advanced quantum software to researchers and academic institutions | CTech
Microsoft and Israeli startup Classiq have launched a global program for quantum software research and education. The program offers Classiqs advanced quantum computing platform and Microsoft Azure Quantums cloud access to quantum computers. The collaboration aims to accelerate quantum software education and advance quantum computing by providing a scalable and robust quantum software design platform for researchers and students. The joint offering is already being used by leading universities.
PartnersCustomers
Office Tour: Classiq Technologies Offices - Tel Aviv
Switchup designed the ClassiQ Technologies offices in Tel Aviv, Israel, with contrasting architectural elements and color palettes. The office design aims to create a suitable and pleasant atmosphere for employees, guests, and clients. The office features a welcoming entrance, a stylish central meeting space, casual lounge chairs, and various meeting and workshop rooms. The design includes custom pivot doors, imported tile work, wall coverings, and unique lighting systems. Each area has its own style, creating a more intimate and satisfying work environment. The office also facilitates community connections and provides comfortable spaces for teams, visitors, and young people to gather. The design incorporates geometric figures and vibrant colors throughout the space.
CustomersPartners
Classiq, whose software help developers write quantum algorithms, announces new funding - SiliconANGLE
Quantum computing software startup Classiq Technologies has expanded its Series B funding round to $49 million with a new investment from Awz Ventures. The additional funding brings the total amount raised to $64 million, making Classiq one of the best-funded quantum software startups in the world. Classiq has developed a platform that enables developers to build quantum algorithms and applications more easily. The company also focuses on scaling the talent pool in the industry. Classiqs platform has attracted interest from customers in the financial, automotive, and pharmaceutical sectors. The company plans to grow its research and development team and open new offices in Europe and Japan.
Investment
Quantum Is Strategic To Companies And Countries, Upside And Downside Alike
The article discusses the strategic importance of quantum computing and its potential impact on various industries. It highlights the significant investments made by countries and companies in quantum computing. The author emphasizes the need for companies to engage in emerging strategic technologies like quantum computing to stay competitive. The required investment is relatively small, primarily in terms of time and money for software and talent. The article suggests that companies that invest in quantum computing early will be better positioned to benefit from its potential upside. Quantum computing is described as a strategic imperative that should be decided at the higher management level. The power of quantum computing is expected to enable rapid solutions to previously unsolvable problems. The article originally appeared on Forbes and is related to Classiq, a company that offers solutions for quantum computing adoption.
InvestmentPartners
The Quantum Computing Arms Race is not Just About Breaking Encryption Keys
The article discusses the ongoing arms race of quantum computing and the strategic importance of technologies for economic growth and national security. The company, Next Gov, is positively impacted by the article as it highlights the significance of quantum computing. The key theme of the article is the arms race in quantum computing. The key issues discussed in the article are related to partners. The date of the event described in the article is July 5, 2022. The confidence level of the answer is 8.
Partners
CIO Review Awards Classiq one of 10 Most Promising HPC Solutions Providers
Classiq has been recognized as one of CIO Reviews 10 Most Promising HPC Solutions Providers for their revolutionary platform that allows designing sophisticated quantum algorithms. The companys growth is positively impacted by this recognition. Classiq is also hosting a podcast called The Qubit Guys Podcast where thought leaders in quantum computing discuss various topics related to the industry. No specific partners, customers, or financial details are mentioned in the article.
Partners
Classiq Quantum Algorithm Design Platform Now Integrated With Amazon Braket
חברת המחשוב הקוונטי Classiq משיקה את התחרות הגלובלית הראשונה מסוגה לפיתוח תוכנה קוונטית New-Tech OnLine
Tel Aviv-based start-up Classiq, a global leader in quantum computing software development, has announced the first international Classiq Coding Competition for quantum software development. The company will award prizes to developers who create the most efficient quantum circuits to solve real-world problems. Classiq, which plans to double its development team in the coming year, has raised $51 million since its inception, including a $36 million Series B round recently joined by strategic investors HSBC, NTT Finance, and Neva SGR from the Intesa Sanpaolo banking group.
InvestmentExpand
Classiq Announces Strategic Investment from Global Business Leaders HSBC, NTT Finance, Neva SGR
Classiq, the leader in quantum software development, has announced the participation of HSBC, NTT Finance, and Intesa Sanpaolo in the second closing of its Series B funding. This brings Classiqs funding for this round to $36 million and its overall funding to $51 million. The involvement of these industry leaders demonstrates the strategic importance of quantum computing. HSBC, NTT, and Intesa Sanpaolo join existing investors in supporting Classiqs vision of advancing quantum software. Quantum computing is expected to have a significant impact in various sectors, including banking and finance. The need for and availability of quantum computing is forecasted to rise dramatically. This investment will help Classiq develop its platform and collaborate with its new investors to advance the state-of-the-art in quantum software.
Investment
Classiq raises additional funding for its quantum algorithm design tools
Tel Aviv-based startup Classiq has raised additional funding of $3 million for its quantum algorithm design tools. The funding comes from strategic investors HSBC, NTT Finance, and Intesa Sanpaolo, bringing the total funding for Classiq to $51 million. The company plans to use the funding to scale its operations and expand its presence in Europe, Japan, and the United States. Classiq focuses on making it easier for developers to build quantum algorithms and applications. It sells its platform mainly to enterprises and academia, with a particular focus on the Japanese and German markets. The company is also looking to grow its talent pool and has launched a coding competition to reward developers who can create efficient quantum circuits using its tools.
InvestmentExpand
Classiq Collaborates With NVIDIA to Accelerate the Path to Quantum Advantage
Classiq raises $33 million Series B for quantum computing software platform
Israeli company Classiq has closed a $33 million Series B funding round led by Phoenix, the venture capital arm of HPE. The funding round also included investments from IN Venture, Spike Ventures, Samsung Next, Lip-Bu Tan, and Harvey Jones. Classiq develops solutions for the quantum software market and has created a technological solution that simplifies quantum computer software development. The companys customers include large organizations and it collaborates with technological giants such as Amazon, Microsoft, IBM, and Nvidia. The funding brings the total capital raised by Classiq to $48 million.
Investment
"אנחנו נהיה הקיידנס של המיחשוב הקוונטי". - Chiportal
Nir Minerbi, CEO of Classiq, discusses the companys work in developing a software language for quantum computers to simplify programming. Minerbi highlights the lack of expert developers in the field as a bottleneck for the quantum computing revolution. He likens the situation to the early days of data science, where only those with specific academic training could participate. However, as software began to automate some of the work, any programmer with a reasonable background in mathematics and computer science could learn the field. Minerbi suggests that quantum computing is similar and does not inherently require genius, but rather a suitable set of mathematical tools.
Expand
Inaugurating QX Project for Social Change with Quantum Technology
Sumitomo Corporation has inaugurated the QX Project to utilize quantum technology in its existing and new businesses. As part of this project, the company has invested in Classiq Ltd., an Israel-based start-up that develops software for gate model quantum computers. Sumitomo Corporation aims to evangelize Classiqs solution in the Japanese market and contribute to the growth of the quantum computing ecosystem. The company has also conducted a demonstration of staffing optimization using quantum computing, which showed a 30% improvement in efficiency. Sumitomo Corporation has signed agreements with Tohoku University and Keio Leading-edge Laboratory of Science and Technology for joint research and application partnerships. The company plans to leverage its global corporate venture capital network and collaborate with industry-academia-government partners to drive the growth and industrial use of quantum technology.
InvestmentPartners
Classiq aims to advance software development for quantum computers
Classiq, a startup providing a modeling tool for building algorithms for quantum computers, has raised $10.5 million in a funding round led by Team8 and Wing Venture Capital. The company aims to simplify the process of building algorithms for quantum computers by providing a modeling tool that enables developers to work at a higher level of abstraction. This tool allows algorithms to be employed on different quantum computing platforms. The demand for such tools is expected to increase as organizations prepare to take advantage of stable qubits by 2023. Quantum computing applications are likely to be made available as infrastructure-as-a-service platforms, and the number of companies providing tools for building and managing software on these platforms is expected to grow.
Investment
Classiq raises $10.5M Series A round for its quantum software development platform
Tel Aviv-based startup Classiq has raised $10.5 million in a Series A funding round led by Team8 Capital and Wing Capital. The company aims to simplify the development of quantum algorithms and applications by providing a computer-aided design and automation layer. Classiqs platform allows developers to describe quantum circuits at a higher level of abstraction, making it easier to define algorithms. The funding will be used to expand the team and further develop the platform. Classiq is already working with larger companies, including banks and a semiconductor firm, to optimize algorithms for specific quantum computing hardware.
Investment
עדיין אין מחשב קוונטי שמיש, אבל המרוץ לתוכנה הקוונטית בעיצומו
Israeli startup Classiq, which is developing a platform to simplify the process of developing algorithms for quantum computers, has raised $4 million in seed funding from Entrée Capital. The company was founded this year and is led by a promising team of founders, including Dr. Yehuda Naveh, a lecturer at the Technion who has worked at IBM for the past 20 years. Classiqs platform is designed to make the process of developing algorithms for quantum computers more accessible to more physicists and quantum developers, as well as experts from various industrial sectors.
Investment
Israeli Startup - Classiq - has raised $4M Directed at Building the Next Layer of the Quantum Software stack
Classiq, an Israeli startup in the field of quantum computing software, has raised $4M from Entrée Capital. The company aims to develop the next layer of the quantum software stack, increasing the level of abstraction for developers. This will enable the practical and efficient development of quantum algorithms. Classiq follows a classical path in computer-aided design (CAD) technologies to facilitate algorithmic design. The investment from Entrée Capital will support Classiqs growth and advancement in the quantum computing industry.
Investment