Classiq Raises Further USD5M in Second Closing of Series B Funding

Classiq, Tel Aviv, IsraelAdditional USD3m raised by a quantum software development company based in California in Series B funding.

BackersIncluded HSBC and NTT Finance, Neva SGR’s Intesa Sanpaolo. TheyJoin existing investors Wing VC, Entrée Capital, Hewlett Packard Enterprise, Team8, Phoenix, Sumitomo Corp. (through IN Venture), OurCrowd, Spike Ventures, SamsungNEXT, chip design titans Lip-Bu TanAnd Harvey Jones.

ThisBrings Classiq’s funding for this round to $36 million and its overall funding to $51 million.

LedCEO Nir Minerbi, ClassiqProvides a platform for companies that want to accelerate quantum computing programs. Its patented “CAD for quantum software” engine automatically converts high-level functional models into optimized, hardware-aware circuits. With ClassiqCustomers can create IP blocks, explore quantum solutions to real-life problems and prepare for full benefit ofThe next quantum computing revolution.

FinSMEs

17/05/2022

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