Classiq Raises $110M to Advance Quantum Software Development

Classiq Technologies has secured $110 million in Series C funding to accelerate its mission of simplifying quantum application development, reports Silicon Angle. The round, reportedly the largest to date for a quantum software firm, brings its total funding to $173 million. Investors include Entrée Capital, Norwest, NightDragon, Samsung Next, HSBC, and others. The capital will support scaling efforts across go-to-market, R&D, and customer success teams.

Classiq is developing a platform that abstracts the complexity of quantum programming, allowing developers to build hardware-aware algorithms without deep quantum expertise. Its toolset supports a range of use cases—from finance to chemistry—and allows users to tailor algorithms based on specific workloads. The platform is also designed to be hardware-agnostic, compatible with services such as Amazon Braket, Azure Quantum, and Google Cloud.

Quantum computers differ fundamentally from classical systems, relying on quantum mechanics to perform tasks that traditional machines can't handle efficiently. However, the lack of accessible development tools remains a bottleneck. Classiq is attempting to close that gap by offering a software stack that lets businesses and researchers build real-world quantum applications without starting from scratch.

With dozens of enterprise customers and hundreds of academic institutions already experimenting with the platform, Classiq says its adoption is growing. Its user base has tripled over the past year, with notable names such as Citigroup, Deloitte, BMW, and Rolls-Royce involved in ongoing projects. As quantum hardware advances, Classiq aims to ensure developers are equipped to make the leap.