Classiq raises $110 million, plans to build out quantum computing [English]

Author: Constellation Research Inc. | Source: constellationr.com | Read the full article in English

Classiq, an innovative technology company specializing in quantum computing software, has recently secured a significant financial milestone. The company successfully raised $110 million in Series C funding, marking a major step forward in their mission to develop advanced quantum computing solutions. Led by Entrée Capital and supported by multiple investors, this funding will help Classiq expand its global operations and strengthen its research and development teams.

The company's software is designed to be versatile and adaptable, capable of working across different types of quantum computing systems. This unique approach has already attracted impressive clients, including major corporations like BMW, Citi, Deloitte, and Toshiba. Nir Minerbi, the CEO of Classiq, emphasized the company's primary goal of creating essential software that enables the development of practical quantum computing applications.

Since its founding in 2020, Classiq has demonstrated remarkable growth, tripling both its customer base and revenue compared to the previous year. The new funding will support the company's continued expansion and innovation in the rapidly evolving quantum computing landscape. By focusing on developing a comprehensive software stack, Classiq aims to make quantum computing more accessible and applicable across various industries.

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