Tag: classiq

[Classiq in Israel Hayom] Israeli startup hosting competition to build world’s best quantum circuits

sraeli quantum computing startup Classiq has launched the Classiq Coding Competition, an initiative to reward coders who create highly-efficient quantum circuits to solve real-world problems. Quantum computers have limited resources, so building compact, optimized solutions that can make maximum use of those resources is critical. The Classiq Coding Competition bills itself as the first competition focused on quantum efficiency. Read more...

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[Classiq in TechCrunch] Classiq raises additional funding for its quantum algorithm design tools

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. Read more...

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[Classiq in Business Wire] Classiq announces strategic investment from global business leaders HSBC, NTT Finance, Neva SGR (Intesa Sanpaolo Group)

TEL AVIV, Israel, May 16, 2022–(BUSINESS WIRE)–Classiq, the leader in quantum software development, today announced the participation of three industry leaders – HSBC, NTT Finance, and Intesa Sanpaolo – in the second closing of its Series B funding. This comes on the heels of its earlier Series B round news, and brings Classiq’s funding for this round to $36 million and its overall funding to $51 million. It also demonstrates that key industry players view quantum as a strategic imperative. Read more...

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