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Intel to acquire quantum software startup Classiq for $2.2 billion

Startups1 min read

In brief

Intel has agreed to acquire Classiq, which develops software for quantum computers, for $2.2 billion. Under the deal, Classiq will become Intel's global quantum computing development center and its software platform will be combined with Intel's spin qubit technology. The transaction is expected to close in the first half of 2027, pending regulatory approvals.

  • $2.2 billion acquisition agreement
  • Classiq to become Intel's global quantum computing development center
  • Software platform to be combined with Intel's spin qubit technology
  • Hardware-agnostic quantum application development
  • Customers include BMW, HSBC and Intesa Sanpaolo
  • Closing expected in the first half of 2027

What's happening?

Intel has agreed to acquire Classiq, a quantum software company, for $2.2 billion. The deal is part of Intel's push to bring its quantum hardware and software efforts under one roof.

What Classiq does

Classiq offers a platform that lets developers design, test and run algorithms and applications that can work across different quantum computers. Its key selling point is hardware independence: developers are not locked into a specific quantum machine.

The technology is used across industries: BMW used it to simulate car aerodynamics, HSBC to build a fraud-detection quantum algorithm, and Italy's Intesa Sanpaolo to speed up options pricing.

Intel's plan

Intel plans to combine Classiq's software with its own spin qubit technology. The goal is a platform that makes quantum computer development easier and ties different components together. After the acquisition, Classiq will operate as Intel's global quantum computing development center.

Funding history and timeline

Classiq has raised more than $200 million to date, including a $33 million Series B in February 2022 and a $110 million Series C in May 2025; Intel CEO Lip-Bu Tan participated in both rounds. The acquisition is expected to close in the first half of 2027, subject to regulatory approvals.

Why it matters

Quantum computing is one of the most talked-about fields after AI; Intel's move shows chip giants are investing in the software side too. It gives readers a concrete industry signal on when quantum might become practical.

Sources

  1. WebrazziFirst reported by
    Intel, kuantum bilişim girişimi Classiq'i 2,2 milyar dolara satın alıyor
#Intel#quantum computing#acquisition#Classiq

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