Intel has agreed to acquire Classiq, an Israeli startup whose software automates the design of quantum algorithms, in a deal expected to close in the first half of 2027.
Intel did not disclose financial terms, but the chipmaker will pay roughly $2.3 billion, according to reports.
The transaction remains subject to regulatory approvals and other customary closing conditions, with Intel and Classiq operating as separate companies until then.
Classiq employs roughly 130 people and has raised more than $200 million in funding, including a $110 million Series C in May 2025.
Its customers include BMW and AT&T, with research briefs also naming Citi, Deloitte, Rolls-Royce, Mizuho and Toshiba among its enterprise users.
Intel said combining Classiq's algorithm-synthesis platform with its own quantum software, silicon spin-qubit technology and chip manufacturing expertise would turn its Quantum Computing Group into a full-stack business.
"Joining forces with Classiq transforms Intel's Quantum Computing Group into a full-stack quantum computing business," chief executive Lip-Bu Tan said.
Classiq co-founder and chief executive Nir Minerbi said the combination would "help unlock the benefits of quantum computing and accelerate its adoption sooner."
Intel has invested in quantum computing development since 2015 and intends to keep Classiq's software independent of underlying qubit type and hardware, continuing to support its existing platform integrations after the deal closes.
Tan had personally invested in Classiq before becoming Intel's chief executive, participating in its Series B in February 2022 and its later Series C round.
Microsoft and IBM are also pursuing quantum hardware designed to run alongside classical computing infrastructure in data centers.
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