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Tel‑Aviv‑based Classiq Technologies, a provider of high‑level quantum algorithm design and synthesis tools, has raised US $110 million in a Series C financing that the company says is the largest single funding round for a quantum‑software vendor to date. The new capital brings Classiq’s total funding to US $173 million and extends its runway well into the next phase of noisy‑intermediate‑scale‑quantum (NISQ) commercialisation. Use of proceeds. Classiq will scale go‑to‑market and customer‑success teams, grow its R&D head‑count, and deepen participation in national quantum‑computing programmes across Asia, the United States and Europe. “We are building the Microsoft of quantum computing,” said co‑founder & CEO Nir Minerbi, pointing to the [...]

by Dr. Joe Spencer The UK National Quantum Technology Showcase 2024 was an unprecedented success, attracting over 2,500 registrants – the largest crowd to date for such a quantum event. The Showcase has become a hallmark of the UK's growing quantum technology sector and its leadership in the global quantum race. Attending every year since its inception, it has been great to see first-hand this industry grow, and herald why the UK is a top-tier player in a global ecosystem. Figure from GQI’s comprehensive Quantum Ecosystems Playbook where a country-by-country assessment can be made, including direct country-to-country comparison. Held annually, the [...]