Intel agrees to acquire quantum software startup Classiq
Intel has reached an agreement to acquire Israeli quantum computing startup Classiq Technologies for a reported $2.2 billion to $2.3 billion to expand into full-stack quantum computing.
Intel has agreed to acquire Tel Aviv-based quantum software startup Classiq Technologies, according to a report by Bloomberg. While official financial terms were not publicly announced, reporting from Bloomberg, Globes, and Calcalist places the purchase price at approximately $2.2 billion to $2.3 billion paid in a mix of cash and shares.[1][2][4][5][6]
Classiq develops software that automates quantum algorithm synthesis, allowing developers to generate and run code across different quantum hardware architectures. Founded by CEO Nir Minerbi alongside Yehuda Naveh and Amir Naveh, the startup has raised more than $200 million, employs around 130 people, and counts BMW, AT&T, and NTT DATA among its clients.[1][2][5][6][7]
The transaction marks Intel's first acquisition under Chief Executive Officer Lip-Bu Tan, who stated that joining forces transforms Intel's Quantum Computing Group into a full-stack quantum computing business. Intel intends to combine Classiq's software with its own quantum platform, silicon spin-qubit technology, and manufacturing operations to build a unified quantum layer.[2][3][5]
Subject to customary closing conditions and regulatory approvals, the deal is projected to close in the first half of 2027, with both companies operating independently until completion. Following the acquisition news, Intel shares rose 4.04% to trade at $90.47.[2]
Key facts
- Intel agreed to acquire Tel Aviv-based quantum software startup Classiq Technologies.
- Media reports value the acquisition at about $2.2 billion to $2.3 billion in cash and stock, though terms were not officially disclosed by Intel.
- Classiq's software enables users to create and synthesize quantum algorithms that can execute on multiple types of quantum hardware.
- Classiq has raised over $200 million, employs roughly 130 people, and serves customers including BMW, AT&T, and NTT DATA.
- The transaction represents Intel's first acquisition under CEO Lip-Bu Tan.
- The purchase is expected to close in the first half of 2027, pending regulatory review and customary closing conditions.
- Intel shares rose 4.04% to $90.47 following reports of the transaction.
Sources · 7 sources
- EV
Evan@StockMKTNewzPost on X ·
Intel $INTC has agreed to acquire Classiq Technologies "Classiq customers use its technology to create code that can be tested and run on any type of quantum hardware" Terms of the deal were not disclosed - Bloomberg https://t.co/AHYu8up0Y7
Open source - AG
AGTP@AGTPinsightsPost on X ·
Intel just agreed to acquire Israeli quantum software startup Classiq. Here's what you need to know. Intel announced the deal today to build a full-stack quantum computing platform. Terms were not officially disclosed. Reports from Globes, Bloomberg and Calcalist put the price at about $2.2 billion to $2.3 billion, in a mix of cash and shares. At that price, Classiq would rank among the five most highly valued companies in the global quantum sector. Classiq makes software that lets developers describe an algorithm and automatically builds the quantum circuit for the hardware they target. Its code can be tested and run on any type of quantum hardware. Customers include BMW, AT&T and NTT DATA. CEO Nir Minerbi co-founded it with Yehuda Naveh and Amir Naveh. Intel plans to combine Classiq's automated quantum algorithm synthesis with its own quantum software platform, its silicon spin-qubit technology and its advanced manufacturing. The goal is scalable quantum computing, and bringing quantum to more developers. This is Intel's first acquisition under CEO Lip-Bu Tan, and it is not an AI deal. Tan said last week at a conference in Singapore that quantum goes mainstream in three to five years. He has also said he owns some IonQ shares. IonQ is a Classiq investor and strategic partner. It joined Classiq's 2025 fundraise, and its platform president Jordan Shapiro called IonQ a proud investor. Entree Capital and Wing VC also backed Classiq, from early rounds on. Wing has been in since the 2020 Series A. Key numbers: - Price: about $2.2B to $2.3B, reported, not confirmed by Intel - Expected close: first half of 2027 - Intel stock: $90.47, up 4.04% on the news The deal needs regulatory approvals and other customary closing conditions. Until it closes, Intel and Classiq will operate as separate, independent companies.
Open source - SB
Shay Boloor@StockSavvyShayPost on X ·
$INTC is reportedly acquiring quantum software startup Classiq for ~$2.3B as it looks to build software layer that works across different types of quantum computers. Pretty interesting considering Intel lost the AI software battle to $NVDA CUDA and now wants to avoid making same mistake in quantum by owning tools developers build on before industry takes off.
Open source - PO
Polymarket@PolymarketPost on X ·
JUST IN: Intel to acquire Israeli quantum computing startup Classiq. — Bloomberg
Open source - WS
Wall St Engine@wallstenginePost on X ·
INTEL TO ACQUIRE QUANTUM COMPUTING STARTUP CLASSIQ $INTC has agreed to acquire Israeli quantum software startup Classiq, whose customers include BMW and AT&T, as part of its push into quantum computing. Classiq develops software that allows companies to design and run quantum applications across different types of quantum hardware. The startup has raised over $200M and employs around 130 people. “Joining forces with Classiq transforms Intel’s Quantum Computing Group into a full-stack quantum computing business,” CEO Lip-Bu Tan said. Financial terms were not disclosed. Source: Bloomberg
Open source - TE
TechmemeArticle ·
Intel agrees to acquire Tel Aviv-based quantum computing startup Classiq; Classiq has raised more than $200M in funding and has about 130 employees (Ian King/Bloomberg) Ian King / Bloomberg : Intel agrees to acquire Tel Aviv-based quantum computing startup Classiq; Classiq has raised more than $200M in funding and has about 130 employees — Intel Corp. agreed to buy Israeli startup Classiq Technologies Ltd. as part of a push to capitalize on quantum computing, a still-nascent field that is seeking commercial applications.
Open source - TE
Techmeme@TechmemePost on X ·
Intel agrees to acquire Tel Aviv-based quantum computing startup Classiq; Classiq has raised more than $200M in funding and has about 130 employees (@ianmking / Bloomberg) (Visit Techmeme dot com for the link and full context!)
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