Intel Acquires Israeli Quantum Computing Startup Classiq For $2.3 Billion

Intel is set to acquire Israeli quantum computing startup Classiq for $2.3 billion in cash and stock, marking a record acquisition in the quantum computing industry. Founded in 2020 by Nir Minerbi, Amir Naveh and Prof. Yehuda Naveh, Classiq develops hardware-agnostic software that simplifies the design and execution of quantum computing applications. The company has raised approximately $200 million to date, including a $110 million funding round in 2025 that valued it at an estimated $600 million to $700 million. Minerbi serves as CEO, while the acquisition is expected to deliver substantial returns to the company’s founders, employees and early investors.

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