Intel has signed a definitive agreement to acquire Classiq, a Tel Aviv-based quantum software company whose platform converts high-level algorithm descriptions into optimized quantum circuits for any hardware backend.
Intel did not disclose terms, but the Calcalist news outlet reported the price at $2.3 billion in cash and shares, which the Futurum Group analyst note calls the largest acquisition of a quantum computing company to date.
Classiq, founded in 2020, employs about 150 people and has raised roughly $200 million since 2020 against a reported 2025 valuation of $600 to $700 million; its customers include BMW, Rolls-Royce, HSBC, Citi and Mizuho.
Intel CEO Lip-Bu Tan, who personally invested in Classiq since 2022, said joining forces with Classiq "transforms Intel's Quantum Computing Group into a full-stack quantum computing business."
Tan ran Cadence Design Systems from 2009 to 2021 and has described his ambition for Classiq as becoming "the next Cadence" in quantum computing.
It is aiming to own the software layer that reveals enterprise demand across every qubit modality before any single hardware vendor can see it.
The deal pairs Classiq's hardware-agnostic synthesis software, protected by more than 60 patents, with Intel's silicon spin-qubit programme.
Classiq is expected to continue operating independently and keep its multi-platform integrations with Amazon Braket, Microsoft Azure, IBM, Quantinuum, QuEra and Rigetti until the deal closes, which Intel expects in the first half of 2027, subject to regulatory approvals.
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