Classiq raises $33 million Series B for quantum computing software platform.

HPE’s Venture Arm, Phoenix, Spike, Samsung NEXT and Chip Design Titans Lip-Bu Tan and Harvey Jones Join Existing Classiq Investors in One of the Largest Quantum Software Rounds to Date

TEL-AVIV – February 17, 2022 – In yet another sign that the world is moving from quantum exploration to quantum production – and that quantum software development is a key ingredient in gaining quantum advantage – Classiq, which provides a breakthrough platform for Quantum Algorithm Design, today announced that it has raised $33 million in a Series B round.

Hewlett Packard Pathfinder, the venture capital program of Hewlett Packard Enterprise (HPE); Phoenix, a $60-billion insurance company; Spike Ventures, a Stanford alumni investor group; and Samsung NEXT, the investment arm of Samsung are new investors in the company. This round also included personal investments from Lip-Bu Tan and Harvey Jones, joining existing investors Wing VC, Team8, Entrée Capital, Sumitomo Corp. (through IN Venture) and OurCrowd. This new round brings Classiq’s total funding to $48 million in 20 months of existence.