
Classiq raises $110 million in Series C: “We are building the Microsoft of quantum computing”
With a groundbreaking investment, Classiq aims to lead the future of quantum software, positioning itself as a cornerstone in the rapidly growing quantum computing market.
Classiq, the Israeli start-up building foundational software infrastructure for quantum computing, has raised $110 million in Series C funding—the largest round ever for a quantum software company. The investment, led by Entrée Capital and joined by Norwest, NightDragon, Hamilton Lane, Clal, Neva SGR, Phoenix, Team8, IN Venture, Wing, HSBC, Samsung Next, QBeat, and other new and existing investors, brings Classiq’s total funding to $173 million. Existing investors include Intel CEO Lip-Bu Tan.
Founded in 2020, Classiq is developing a software stack it hopes will become the standard platform for building real-world quantum applications. As quantum hardware capabilities continue to improve, software is emerging as the next frontier. “We are building the Microsoft of quantum computing,” said Classiq co-founder and CEO Nir Minerbi.
Classiq was founded in 2020 by Nir Minerbi (CEO), Amir Naveh (CPO), and Dr. Yehuda Naveh (CTO).
The company plans to use the new capital to scale its go-to-market and R&D teams, expand globally, and deepen its participation in national quantum computing initiatives. “We founded the company five years ago and created an operating system that no one needed,” Minerbi told Calcalist. “Our bet was that they would come. In the first two years, there were no customers, and in the previous round, we had two. Since then, the bet has come true.”
Classiq serves enterprises across industries, including BMW, Citi, Deloitte, Rolls-Royce, Mizuho and Toshiba. The company collaborates with leading entities such as Microsoft, AWS and NVIDIA, and is also deeply embedded across academia, forming part of the official curriculum in many top-tier universities. “We have positioned ourselves as a quantum software standard,” Minerbi said. “This is what allows us to grow and strive to be the Microsoft of this field.”
Minerbi said Classiq’s sales have been tripling annually, and the company expects to cross into double-digit millions in revenue in the coming year. “We are creating growth engines that will allow us to explode when the market arrives,” he said. “The quantum market is on fire and we are seeing a significant wave of adoption in large corporations. A few years ago, I still had to explain why it was necessary, and today everyone is coming to us in droves. Nvidia, Microsoft, and Google are significant partners of ours. They may even want to buy us, and we will probably have many interesting opportunities.”
Classiq currently employs 65 people and expects to double its team by 2026. “We want to expand significantly globally. We are currently strong in Japan and also in the United States, and we would very much like to expand our activities in other places,” Minerbi said. “We will take our time and not rush to recruit. The real goal of recruiting will be to be the software leaders when that happens. We must be aggressive in recruiting the right people but not be wasteful.”