Intel has reached an agreement to acquire Classiq Technologies, an Israeli startup specializing in quantum computing software, for $2.2 billion. This transaction represents the second-largest acquisition in Intel's history, following the $15.3 billion purchase of Mobileye in 2017.
Classiq provides an operating system that allows developers to design and run quantum algorithms across various hardware platforms, including systems from IBM, Google, and IonQ. The startup has raised over $200 million in total funding, including a $33 million Series B round in 2022 and a $110 million Series C round in 2025.
Intel plans to integrate Classiq’s platform with its own spin-qubit manufacturing process to build a full-stack quantum computing solution. Classiq will serve as Intel's global development center for quantum technology. The deal is expected to close in the first half of next year, pending regulatory approvals.
The software has been utilized by companies such as BMW for aerodynamic simulations, HSBC for fraud detection algorithms, and Intesa Sanpaolo for financial option pricing. Intel aims to use this acquisition to scale quantum computing beyond custom circuits into a mainstream platform.
