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Classiq latest to gain from SoftBank's growing quantum interest
SoftBank has made another notable investment in the emerging quantum commuting sector, as software firm Classiq announced that the SoftBank Vision Fund 2 has joined its Series C funding round first announced in May.
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Classiq Raises $110 Million in Record Quantum Software Round
Quantum computing will impact insurers in many ways including how they manage risk, optimize portfolios, and detect fraud, according to Simon Fried, VP, Marketing and Business Development, Classiq. “The Classiq platform empowers insurers to model better complex financial products, including optimizing capital allocation, and simulating risk scenarios at scale —all while staying hardware-agnostic and future-ready."
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A Software Bet in Quantum Computing
One of the largest recent investments is the $110 million Series C round announced this week by Tel Aviv startup Classiq. Entrée Capital led the deal, with participation from Norwest Venture Partners, NightDragon, funds managed by Hamilton Lane, and others.
Nir Minerbi, Classiq’s co-founder and chief executive, said the company is valued at roughly half a billion dollars after this round. Classiq plans to use its new funding to expand commercial relationships and research and development, as well as open offices globally.
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Classiq gets $110M to help it become 'the Microsoft of quantum'
It’s pretty bold for a five-year-old startup to say it wants to be “the Microsoft of quantum computing. Then again, when you show up making that statement with $110 million in new funding in your pocket, it gets a little easier to believe you are at least on the right path.
Classiq, based in Tel Aviv, Israel, just announced a Series C fundraising of $110 million that pushes its total funding to about $173 million.
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German Solar Start-Up Expands in US to Challenge China Dominance
German solar wafer start-up NexWafe GmbH is expanding to the US in an effort to counter China's dominance in the market.
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NexWafe secures funding to build wafer factory in Germany
German wafer manufacturer NexWafe GmbH announced it secured financing of €30 million ($32.0 million) from current and new investors. The company said it will use the funds to move forward with the construction of its planned wafer factory in Bitterfeld, in the district of Anhalt-Bitterfeld, Saxony-Anhalt, Germany.
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NexWafe secures US$32 million to build wafer plant in Germany
Solar wafer producer NexWafe has secured a €30 million (US$32 million) investment to accelerate the construction of its first commercial-scale wafer plant in Bitterfeld, Germany.
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Philips Lighting joins $7 million round for smart building sensor maker PointGrab
Israel’s PointGrab has raised $7 million in funding for its sensors for smart buildings. The investors include lighting company Philips Lighting; Mitsubishi UFJ Capital Co. (MUCAP), a venture capital arm of Japan’s largest financial group; and existing investors ABB Technology Ventures (ATV).
