Classiq, a company based in Tel Aviv, Israel, focuses on building software development platforms for quantum computing.
The company has raised an undisclosed amount in an extension of its Series C funding round.
The funding round was led by SoftBank Vision Fund 2 with additional support from CDP Venture Capital.
Classiq plans to use the new funds to speed up the development of its quantum software platform and grow its global partnerships.
The company also aims to strengthen its work with customers in various industries such as finance, automotive, telecommunications, energy, chemistry, and pharmaceuticals.
Classiq Technologies, led by CEO Nir Minerbi, is a quantum software company that offers a platform for building quantum applications.
The platform includes tools like an integrated development environment (IDE), compiler, and operating system that automate the quantum programming process.
This allows businesses and researchers to create advanced quantum applications without needing deep knowledge of quantum computing or writing low-level code.
Classiq uses its own algorithmic quantum circuit compiler to build circuits with millions of gates. This helps scale quantum programs easily, run them on any quantum computer, and lower computing costs.
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