Home Just In HPE, Samsung invest in Israeli quantum computing startup Classiq

HPE, Samsung invest in Israeli quantum computing startup Classiq


Israeli software company Classiq has raised $33 million from Hewlett Packard Pathfinder, the venture capital program of Hewlett Packard Enterprise (HPE), and Samsung NEXT, the investment arm of Samsung among others.

This round also included personal investments from Lip-Bu Tan and Harvey Jones, joining existing investors Wing VC, Team8, Entrée Capital, Sumitomo Corp. (through IN Venture) and OurCrowd.

This new round brings Classiq’s total funding to $48 million in 20 months of existence

“We welcome our new investors and are grateful for the continued support of our existing ones. Together, we are paving the fastest way towards quantum advantage and the only way beyond it,” said Nir Minerbi, co-founder and CEO at Classiq. “This new funding comes at a pivotal time. The quantum industry is now moving from consulting services to quantum products and from prototyping to production. With this funding, we will expand upon our work to become the platform on which forward-thinking organizations develop game-changing quantum software that makes the impossible possible.”

Recommended for You

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Close Read More

See Ads