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Quantum is about more than just security for telcos
BT. Verizon. Orange. Telefonica. Telstra. These operators are among the more than two dozen already experimenting with and deploying quantum technology, by STL Partners’ count. But what, exactly, are they hoping to gain from this still nascent field?
Fierce took that question to Classiq, an Israel-based startup offering development software for quantum environments.
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Demystifying Quantum AI: What It Is, What It Isn’t, and Why It Matters Now
AI has entered a new phase. It is no longer just about building larger models or accessing more data. Today’s competition centers on speed, efficiency and innovation. Companies are seeking new tools that offer both technical and economic advantages. For some, quantum computing is starting to look like one of those tools.
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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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Quantum computing gears up for its ‘ChatGPT Moment’ — and a potential talent shortage
Erik Garcell, director of quantum enterprise development at quantum computing software company Classiq Technologies, told Business Insider that quantum computing companies have taken notice of the hiring challenges facing the AI industry and are trying to circumvent them before they become a problem.
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Novel Quantum Technique Streamlines Credit Risk Assessment
A breakthrough in quantum computing could make financial risk management faster and more scalable by compressing quantum circuits used in Monte Carlo simulations. Sumitomo Corporation used Classiq Technologies' quantum platform and quantum algorithms from Mizuho-DL Financial Technology to optimize Monte Carlo simulations for credit risk assessment.
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Constellation ShortList™ Quantum Computing Software Platforms
Classiq is on The Constellation ShortList™: Constellation evaluates more than 20 solutions categorized in this market. The Constellation ShortList is determined by client inquiries, partner conversations, customer references, vendor selection projects, market share and internal research.
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How Quantum Computing Hardware Solutions and Software Applications Could Redefine Technology
Classiq VP Simon Fried joins Jill Malandrino of Nasdaq Trade Talks and Sean Brehm of Spectral Capital to discuss how quantum computing hardware solutions and software applications could redefine technology for decades to come.
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Nvidia, BMW, and Classiq Partner to Explore Quantum Computing for Electric Vehicle Design
Nvidia, BMW Group, and Classiq Technologies have embarked on a collaborative effort to leverage quantum computing in refining the design of electrical and mechanical systems for electric vehicles (EVs). This initiative seeks to determine whether quantum computing can enhance efficiency and reduce energy waste, thereby advancing EV technology.
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Classiq Collaborates With BMW Group And NVIDIA to Drive Quantum Computing Applicability in Electrical Systems Engineering
Insider Brief:
-Classiq announced a collaboration with NVIDIA and the BMW Group.
-The teams will work on solving a complex computational challenge to find the optimal architecture of electrical and mechanical systems.
-Ultimately, they hope to enhance efficiency and reduce energy waste, which can result – among other things – in the increased efficiency of electric vehicles.
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HPE, Classiq Develop Quantum Hybrid Optimization Method
Hewlett Packard Enterprise (HPE) and quantum software company Classiq have developed a new method of combining classical high-performance computing (HPC) with quantum computing to solve complex optimization problems faster than either alone.
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Talking Supply Chain: Quantum Computing to Tackle Supply Chain Issues
Dr. Erik Garcell from Classiq discuss quantum computing and its benefits for supply chain applications in this Talking Supply Chain podcast.
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Classiq wants to streamline quantum software work for more businesses
Matt Hamblen's piece in Fierce Electronics sheds light on Classiq's mission to make quantum software development more accessible. By integrating Classiq's quantum software with Nvidia CUDA-Q, Classiq is paving the way for innovations in hybrid quantum-classical computing and making it easier for companies to embark on their quantum journeys without the need for deep technical expertise.
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GTC 2024: Nvidia’s Quantum Expansion Runs through the Cloud
Genetic Engineering & Biotechnology News covers the Classiq and Nvidia collaboration. The partnership is set to enhance research capabilities in life sciences, leveraging quantum simulation for biology, chemistry, and materials science. Our partnership promises to accelerate drug discovery and more, marking a significant leap towards the future of scientific exploration.
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Error-correction breakthroughs bring quantum computing a step closer
Network World's Maria Korolov discusses advancements in quantum error correction with Classiq's Dr. Erik Garcell. These innovations address one of the biggest hurdles - the fragility of qubits - and are paving the way for faster, more efficient quantum computing solutions, potentially revolutionizing sectors like finance, where accuracy and reliability are paramount.
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Quantum Computing Innovations Pave the Way for Advanced Financial Portfolio Optimization, says Classiq CEO Nir Minerbi
Metaverse Post spoke with Classiq's CEO Nir Minerbi about the company's collaboration with Citi Innovation Lab. Together, Classiq and Citi aim to test the potential of quantum computing in finance and understand its impact on business problem solving, specifically portfolio optimization.
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Classiq Releases Suite of Quantum Applications
Mitch Lewis from the Futurum Group talked with Classiq to learn about the company's extensive suite of quantum applications, algorithms, functions, and tutorials on Classiq's GitHub repository. Classiq's platform eases the development process, allowing developers to focus on high-level functional models while Classiq handles the complex quantum circuit creation.
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Classiq Extends Quantum Computing Access with OQC Partnership, Unveils Quantum Apps on GitHub
Classiq and Oxford Quantum Circuits have partnered to streamline quantum computing from design to hardware execution. The collaboration, as detailed in this Metaverse Post interview with Classiq, enhances the quantum development process, making advanced quantum computing more accessible and efficient.
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Researchers Poised for Advances With NVIDIA CUDA Quantum
Classiq discusses its Tel Aviv Sourasky Medical Center research center to train life science experts in quantum application development as part of Nvidia's CUDA quantum community with Storage Review. This could lead to advancements in disease diagnosis and drug discovery.
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Some Quantum Software Works Today. Down the Road, It Might Not.
Quantum computing's evolving hardware landscape poses challenges, but solutions are on the horizon. As mentioned in Isabelle Bousquette's WSJ article, Classiq stands out with its futureproof, scalable, hardware-agnostic approach, ensuring software's future relevance. Embracing this strategy is key for tomorrow's quantum success.
