Classiq, an Israeli quantum software company, has expanded its Series B funding round to $49 million from the previous $36 million that we reported on last May. The investor for this latest portion is Awz Ventures, a Canadian-Israeli venture capital firm. The company will be using the funds to open new offices in Japan and Europe as well as doubling the size of the R&D team to about 100 people by 2023. The company will also be expanding its customer collaborations. Previously, they had disclosed partnerships with Amazon, ColdQuanta, Nvidia, The Fraunhofer Institute, and the Chicago Quantum Exchange. Additional information about this new funding is available in a press release provided by the company and available here.

September 20, 2022