"Once the quantum revolution starts it will be exponential"

Name: Classiq

Sector: Quantum computing

Founded: 2020

Founders: Nir Minerbi, Amir Naveh, Dr. Yehuda Naveh

Employees: 46

Investment: $63M

Investors: Entrée Capital, Team8, Wing Capital, IN-Venture, Phoenix, HSBC, HPE, NTT, Awz Ventures, OurCrowd

“Classical computers can do amazing things, we've seen that in the past 80 years. But some things they're unable to do,” explained Amir Naveh, CPO and Co-founder of Classiq. “From drug discovery to efficient fertilizer, development, to doing high-performance stuff that computers are not very good at doing. Quantum computers can do all these things, and they can do it with amazing efficiencies… All of this is going to happen in the coming few years and in the next 20 years we will see a full-blown revolution."

Classiq has developed a technological solution that enables the development of software for quantum computers which is similar to advanced software development for regular computers. The solution developed by the company is protected by more than 20 patents, and the company's software development platform is considered the most advanced in the world of quantum computing.

Classiq has been selected as one of "Tomorrow's Growth Companies" according to Qumra Capital. This year, for the fourth year in a row, Qumra published its list of the most promising growth companies in Israeli high-tech, naming those who are on the path to becoming the next big thing.

“This is, for me, the journey of a lifetime. It is amazing technology, the company is growing really fast… I really hope to see this quantum revolution going from a research phase to more actual practical usage applications. Once it starts it will be exponential. It won't be twice as good it will be a thousand times better, a million times better. It's hard to imagine how the world is going to change but I hope in the next decade we will see some amazing things.”

You can watch the full interview in the video above.

Qumra Capital list logo.