Classiq startup secures $10.5M more

Founders of Classiq – Amir Naveh, Nir Minerbi, Dr. Yehuda Naveh

Classiq, an Israeli startup has just announced that it secured $10.5 million more in funding for a total of $14.5 million.

The new $10.5 million Series A financing round was led by Team8 and Wing Venture Capital, with additional participation from Entrée Capital, OurCrowd and IN Venture, the corporate venture arm of Sumitomo Corporation in Israel, and follows a $4 million seed financing round from Entrée Capital.

Classiq solves the bottleneck in quantum software development by providing tools to automatically translate human-defined concepts into valid quantum circuits, providing the fundamental elements needed to produce quantum algorithms.