Classiq Secures SoftBank Vision Fund 2 Investment for Algorithmic Quantum Circuit Compilation Platform
Classiq Technologies is developing a high-level quantum software development platform – comprising an integrated development environment (IDE), compiler, and operating system – designed to automate quantum programming and facilitate the construction of sophisticated quantum applications without necessitating extensive low-level coding expertise. The platform leverages proprietary algorithmic quantum circuit compilation technology to synthesise quantum circuits containing millions of gates, enabling complex programs that scale efficiently and reduce computational costs, while maintaining compatibility with diverse quantum hardware.
This approach aims to improve accessibility and scalability for enterprise and research applications across sectors including finance, automotive, telecommunications, energy, chemistry, and pharmaceuticals, and has attracted a strategic investment from SoftBank Vision Fund 2, alongside participation from CDP Venture Capital, Italy’s largest venture capital operator, to accelerate product development and expand global partnerships. The investment followed a detailed evaluation by SoftBank’s research and development team, confirming Classiq’s ability to generate high-performance quantum circuits.