Israeli quantum computing firm Classiq raises $110 million in private funding

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Israeli quantum computing startup Classiq has raised $110 million in a mid-stage private funding round, it said on Monday, bringing its total fundraising to $173 million. Quantum computing holds the promise of carrying out calculations that would take today’s systems millions of years, and could unlock discoveries in medicine, chemistry and many other fields.

Classiq’s latest funding round was led by Entree Capital, with participation from Norwest, NightDragon, Hamilton Lane, Clal, Neva SGR, Phoenix, Team8, IN Venture, Wing, HSBC, Samsung Next and…



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Israeli quantum computing firm Classiq raises $110 million in private funding


Israeli quantum computing startup Classiq has raised $110 million in a mid-stage private funding round, it said on Monday, bringing its total fundraising to $173 million. Quantum computing holds the promise of carrying out calculations that would take today’s systems millions of years, and could unlock discoveries in medicine, chemistry and many other fields.

Classiq’s latest funding round was led by Entree Capital, with participation from Norwest, NightDragon, Hamilton Lane, Clal, Neva SGR, Phoenix, Team8, IN Venture, Wing, HSBC, Samsung Next and…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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