Classiq Technologies Ltd., a developer of innovative quantum software solutions, has successfully secured a substantial new funding round, reportedly “tens of millions of dollars,” to enhance its capabilities and market presence. This investment marks an extension of its Series C funding, originally closed in May with an impressive total of $110 million — the highest for a quantum software startup to date. Noteworthy investors in this latest funding round include AMD Ventures, Qualcomm Ventures, and IonQ Inc., alongside contributions from Mirae Asset Capital, LeumiTech77, and Quantum Eretz, bringing the total funding raised to over $200 million.
The intricacies of quantum computing present significant challenges for software development, primarily due to the varied architectures of quantum systems. Quantum computers can utilize different mechanisms such as ion-based qubits, light, or superconducting transistors, necessitating a complete rewrite of software for each unique system. Classiq’s development toolkit addresses this complexity by enabling developers to create quantum programs once and deploy them across multiple platforms efficiently.
Central to Classiq’s offering is Qmod, a quantum-optimized programming language designed to streamline the coding process. Traditional coding requires developers to specify both the tasks and the methodologies for execution; however, Classiq accelerates this process by automating the implementation choices, thus saving valuable time. The platform evaluates thousands of potential executions to determine the most resource-efficient method, and it adapts code to meet developers’ specific needs.
Moreover, Classiq recognizes that some users may prefer coding in Python, a comparatively accessible language that boasts numerous open-source libraries. These libraries facilitate rapid development by providing pre-fabricated components, minimizing the need for extensive code.
Testing remains a crucial phase in the deployment of quantum software, akin to standard application development. Classiq addresses the technical hurdles associated with quantum simulations by offering robust debugging tools that enhance program reliability. Its visual debugging feature allows developers to monitor data point processing, execution order, and qubit utilization, ensuring the software performs as expected. The Hardware-Circuit Connection feature also provides insights into how applications would function on various quantum chips.
“As quantum hardware continues to mature, the need for scalable, efficient software becomes even more critical,” commented Nir Minerbi, co-founder and CEO of Classiq Technologies. The company intends to channel the new funding towards expanding its international market outreach and forging valuable partnerships to strengthen its industry footprint.
