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Classiq Raises Additional Funding For Its Quantum Algorithm Design Tools

Classiq Raises Additional Funding For Its Quantum Algorithm Design Tools

05/16/22, 1:00 PM
Tel Aviv-based Classiq, a startup that wants to make it easier for developers to build quantum algorithms and applications, today announced that it has raised additional funding for its service by adding HSBC, NTT Finance, and Intesa Sanpaolo as new investors to its $33 million Series B round, which brings the round to $36 million and the company’s total funding to $51 million.

Company Info

Company
Classiq
Additional Info
Quantum is disrupting computing, and Classiq’s platform for Quantum Algorithm Design is revolutionizing quantum software development. Forward-thinking companies develop on the Classiq platform, solving real-world problems with quantum circuits that could not be created otherwise. Our patented breakthrough technology automatically transforms high-level functional models into optimized quantum circuits for a wide range of hardware and cloud providers, turning months into minutes of work and making it possible to harness the true power of today’s and tomorrow’s computers. To learn more, follow Classiq on LinkedIn, Twitter or YouTube or visit www.classiq.io.