Israeli startup Classiq raises $110M in funding to become the ‘Microsoft of quantum computing’

Israeli quantum computing startup Classiq has landed $110 million in Series C funding, the largest ever for a quantum software company. The latest round brings its total haul to $173 million since launch five years ago.

The round was led by Entree Capital and included a mix of new and returning investors: Norwest, NightDragon, Hamilton Lane, Clal, Neva SGR, Phoenix, Team8, IN Venture, Wing, HSBC, Samsung Next, and QBeat.

The company says the fresh capital will help it scale up its go-to-market, customer success, and R&D teams, as demand for quantum solutions starts to grow beyond academic labs. It also plans to broaden its international presence and deepen its involvement in national quantum efforts—moves that suggest Classiq wants a front-row seat in shaping the industry’s next chapter.

Classiq Raises $110M Backed by Samsung, HSBC, and Microsoft Partners

Founded in 2020 by Nir Minerbi (CEO), Yehuda Naveh (CTO), and Amir Naveh (Chief Product Officer), Classiq is a provider of a platform that makes it easier for developers to create quantum applications without needing a Ph.D. in physics. Its high-level development environment handles the heavy lifting—compiler, IDE, operating system—so users can focus on building, not wrangling qubits.

Since launch, the company says it has tripled both its customer base and revenue each year. Big names already using Classiq’s platform include BMW, Citi, Deloitte, Mizuho, and Toshiba. The startup is also working alongside Microsoft, Nvidia, AWS, and several universities.

“We are building the Microsoft of quantum computing,” said CEO Nir Minerbi. “We’re delivering the essential software stack for the development of real-world quantum applications.”

Quantum computing, long viewed as the stuff of science fiction, is getting more attention as big players like Google, Microsoft, Cisco, and Amazon show off their hardware efforts. Nvidia recently announced its own quantum lab. Meanwhile, startups like PsiQuantum are raising serious cash to build next-gen systems.

Classiq isn’t trying to win the race to build quantum machines—it’s betting that the software layer will be just as valuable, if not more so. And with this latest funding round, it’s pushing hard to become the standard development platform across industries, governments, and academia.