Classiq, a developer of quantum software development platforms, has raised between $10 million and $20 million from SoftBank Vision Fund 2, with additional participation from CDP Venture Capital, Italy’s largest venture fund. This new investment expands Classiq’s $110 million Series C round, bringing the company’s total funding to between $185 million and $200 million.
The Series C was led by Entrée Capital and included new investors such as NightDragon, Norwest, Hamilton Lane, Clal, and Qbeat, alongside existing backers including Neva SGR, Phoenix, IN Venture, Team8, Wing, HSBC Bank, and Samsung Next. Notably, the company’s investors include prominent figures in the global tech industry, including Lip-Bu Tan, former CEO of Cadence and the CEO of Intel.
“SoftBank and CDP Venture Capital bring bold, long-term perspectives to deep tech,” said Nir Minerbi, CEO and co-founder of Classiq. “Their support reflects a strong belief in Classiq’s mission to unlock quantum computing for real-world applications and to shape the future of this transformative technology.”
The SoftBank Vision Fund 2 investment followed a rigorous assessment by its R&D team, which validated Classiq’s ability to generate high-performance quantum circuits that significantly reduce computational costs on today’s hardware.
Classiq has developed an operating system that allows organizations, even those without in-house quantum experts, to build quantum applications in an abstract, hardware-agnostic way. The company is positioned to play a key role in bridging the gap between quantum hardware and practical business applications.
Classiq was founded in 2020 by Nir Minerbi (CEO), Amir Naveh (CPO), and Dr. Yehuda Naveh (CTO). Minerbi and Naveh are graduates of Israel’s elite Talpiot program, while Dr. Naveh brings 20 years of experience from IBM’s Haifa Research Center, where he led the global team behind IBM Q and its software environment.