Takeaways by Saasverse AI
- Classiq Technologies | Series C Extended | Over $200 Million | Advanced Quantum Development Platform.
- New funding led by AMD Ventures, Qualcomm Ventures, and IonQ, with participation from Mirae Asset Capital, LeumiTech77, and Quantum Eretz.
- Funds will drive global market expansion, strengthen partnerships, and support enterprise adoption of its cross-platform quantum software solutions.
Classiq Technologies, a trailblazer in quantum software development, has announced a significant extension to its Series C funding round, raising "tens of millions of dollars" from strategic investors including AMD Ventures, Qualcomm Ventures, and quantum hardware leader IonQ Inc. Additional backing came from Mirae Asset Capital, LeumiTech77, and Quantum Eretz. This latest investment brings Classiq’s Series C total to over $200 million, following its record-breaking $110 million Series C in May 2023, which was the largest single funding round in the quantum software domain. The initial round was led by Entrée Capital, with contributions from Norwest, NightDragon, and Hamilton Lane, and later expanded with strategic investments from SoftBank Vision Fund 2 and CDP Venture Capital.
Founded in 2020, Classiq aims to become the "Microsoft of quantum computing" by providing a revolutionary advanced quantum development platform. The platform simplifies quantum programming, enabling enterprises and researchers to develop complex quantum applications without requiring deep quantum expertise. Classiq’s proprietary technology solves the critical challenge of cross-platform compatibility, allowing developers to write quantum programs once and execute them seamlessly across multiple quantum systems.
The company’s flagship innovation is Qmod, a quantum optimization programming language that automates the implementation of quantum programs. Qmod evaluates thousands of potential configurations to identify the most resource-efficient solution. For developers unfamiliar with Qmod, the platform also supports quantum programming in Python, lowering the barrier to entry. Additionally, Classiq offers robust debugging tools that visualize quantum data flows, execution sequences, and qubit utilization, reducing reliance on simulation-based testing and accelerating development timelines.
Classiq’s platform boasts several key advantages, including automated algorithm development, conversion of high-level functional models into optimized quantum circuits, and compatibility with major quantum cloud platforms like AWS Braket, Microsoft Azure Quantum, and Google Cloud. Its integrations extend to leading quantum hardware providers such as IBM, IonQ, QuEra, and Quantinuum. The company’s client portfolio features global enterprises like BMW, Citi, Deloitte, and Rolls-Royce, while strategic partnerships with tech giants such as Microsoft, AWS, and NVIDIA further underscore its market presence.
Recent milestones highlight Classiq’s rapid growth and market traction. The company recently launched on AWS Marketplace, partnered with QUCAN to roll out a global quantum computing training initiative, and appointed Regev Yativ as Chief Revenue Officer to accelerate international expansion. Over the past year, Classiq has tripled both its customer base and revenue, reflecting its increasing adoption across industries.
“ Classiq’s extended Series C funding, now exceeding $200 million, solidifies its position as a leader in quantum software development and a critical enabler of enterprise adoption of quantum computing. The participation of strategic investors like AMD Ventures, Qualcomm Ventures, and IonQ signals strong confidence in Classiq’s vision of democratizing quantum computing by addressing the field’s most pressing challenges, from programming complexity to hardware interoperability. The introduction of Qmod and its support for Python programming exemplifies Classiq’s commitment to accessibility and developer empowerment, a critical factor in accelerating quantum adoption across industries. Furthermore, its focus on enterprise-grade features—such as automated circuit optimization and robust debugging tools—positions Classiq as the go-to platform for companies looking to integrate quantum computing into their operations without significant technical hurdles. ” Saasverse Analyst comments
Saasverse Insights
Classiq’s trajectory reflects a broader trend in the quantum computing ecosystem: the shift from hardware-centric innovation to software-driven solutions that unlock the full potential of quantum systems. By automating complex tasks like algorithm development and optimizing multi-platform compatibility, Classiq is addressing the practical barriers to quantum adoption, enabling enterprises to extract tangible value from this emerging technology.
The company’s partnerships with major cloud platforms and quantum hardware providers also highlight the importance of an ecosystem approach in driving quantum adoption. Classiq’s ability to integrate seamlessly with leading platforms like AWS, Azure, and Google Cloud underscores its potential to become the default software layer for quantum computing, much like Microsoft Windows did for personal computing.
Looking ahead, Classiq’s continued focus on global expansion and strategic collaborations will be key to maintaining its competitive edge. With its innovative platform, growing enterprise adoption, and strong investor backing, Classiq is well-positioned to shape the future of quantum computing and redefine how businesses approach complex problem-solving in the quantum era.