Israeli quantum computing developer Classiq Technologies raises $10.5 million series A
The company developed tools for the automatic translation of human ideas into quantum circuits
Meir Orbach | 16:12 27.01.2021
Israel-based Classiq technologies, which develops tools for converting human thought into quantum circuits, announced on Wednesday that it has raised $10.5 million in series A funding led by Team* Capital and Wing Capital. The field of quantum computing is still in its early stages, making the task of developing algorithms for it a nearly impossible mission. After decades of research, only a meager number of quantum computing algorithms have been developed so far. While quantum hardware is being developed quickly, there remain major challenges to progress on the software front due to lack of abstractions, the basic principle driving software development.