Tel-Aviv based quantum computer software startup Classiq raises $33 mln

Funding Rounds

▤ Summary

Classiq/Handout via REUTERS OAKLAND, Calif, Feb 17 (Reuters) - Quantum computer software startup Classiq based in Tel-Aviv said on Thursday it raised $33 million from the investment arms of Hewlett Packard Enterprise Co (HPE.N), Samsung Electronics Co Ltd (005930.KS) and other investors. While the promise of a world-changing quantum computer is still years away, the last year has seen several quantum computer companies go public on the stock market, and many new players, hardware and software, have been coming out of the research labs and getting venture capital funding. This round also included personal investments from Lip-Bu Tan and Harvey Jones - well known executives and investors in the chip industry. Classiq has a software platform that other quantum software developers can use to build specific applications, such as financial asset optimization tools or tools for testing the properties of new molecules for drug discovery. “In the last couple of years, we see many enterprises in various fields, in finance, in automotive, chemistry, establishing quantum software teams,” Nir Minerbi, co-founder and CEO at Classiq told Reuters.

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industries
Fintech & Banking
applications
Accounting and Taxes

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HighQ
$10M to $25M