Intel Acquires Israeli Quantum Startup Classiq for Record $2.3 Billion
Intel has acquired Israeli quantum operating system developer Classiq for $2.3 billion, marking the largest quantum tech exit in history and a major milestone for the industry.
Classiq, an Israeli startup developing an operating system for quantum computers, has been acquired by Intel for $2.3 billion in cash and stock, marking the largest quantum tech exit in history. The transaction significantly surpasses previous records, including IonQ's acquisition of Oxford Ionics last year for $1 billion. This also represents Intel's largest acquisition since it bought Israeli autonomous driving pioneer Mobileye for $1 billion six years ago.
Founded in 2020 by CEO Nir Minerbi, CPO Amir Neeman, and CTO Prof. Yehuda Naveh, Classiq employs 150 people. The company emerged as a unique player by building a software layer that bridges complex quantum hardware and end-users, effectively aiming to become the Windows of the quantum computing era. Its diverse client roster includes global giants such as BMW, Rolls-Royce, HSBC, Deloitte, Toshiba, and Citi.
Classiq has raised $200 million to date, closing a $110 million round in 2025 at a valuation of up to $700 million. Employees hold a 10% stake, translating to a $230 million windfall, alongside an additional $100 million allocated by Intel for retention bonuses. Key shareholders, including Entara Capital and Team8 Capital, along with institutional investors like Phoenix Holdings, are poised for massive returns, while Israel stands to benefit substantially from local corporate taxes.
