Intel Buys Israeli Quantum Software Firm Classiq for $2.2 Billion

American tech giant Intel has announced its acquisition of Israeli quantum computing software company Classiq for $2.2 billion. The deal, reported by Globes, is the largest in the history of quantum computing and Intel's second-largest acquisition in Israel, following its $15.3 billion purchase of Mobileye in 2017. Classiq will become Intel's global development hub for quantum computing.

Founded in 2020 by Nir Minervi, Yehuda Nave, and Amir Nave, Classiq develops a platform that allows developers to create, design, and test quantum computer programs for various hardware technologies. The company, which likens itself to "the Microsoft of the quantum world," has seen its platform become a standard in national quantum programs and research centers, with users including BMW, HSBC, and Intesa Sanpaolo.

Classiq has raised $200 million in investments since its inception. Major beneficiaries of the sale include venture capital funds Entrée Capital, which holds approximately 15% of Classiq, and Team8, with about 8%. The Phoenix Group owns 7%, and Clal, which invested $5 million, also expects significant returns. Founders Yehuda and Amir Nave collectively own 9% of the shares, while CEO Nir Minervi holds around 3.5%. Employees also stand to benefit from options representing 15-20% of the company's capital.