Intel has acquired Israeli quantum software firm Classiq for $2.2 billion.

In a statement, Intel said the acquisition will allow it to become a full-stack quantum solutions provider and add Quantum Processing Units (QPUs) to its compute portfolio.

Founded in 2020 by Nir Minerbi, Amir Naveh, and Yehuda Naveh, Classiq has developed an operating system that automates the process of converting high-level functional models into optimized quantum circuits.

The platform is agnostic to the underlying qubit modality and quantum computing hardware, meaning developers can use the platform to design, build, test, and run software regardless of the type of quantum computer it has been designed for.

In February 2022, Classiq raised $33m in a Series B funding round from investors including HPE and Samsung.

The acquisition is expected to close in the first half of 2027, subject to regulatory approvals and other customary closing conditions. Until closing, Intel and Classiq will continue to operate as separate, independent companies.

“I am delighted to have Nir, Yehuda, Amir and the entire Classiq team join Intel,” said Lip-Bu Tan, CEO, Intel. “For more than a decade, Intel has made remarkable progress in quantum computing by applying its semiconductor innovation, advanced manufacturing prowess and systems engineering expertise to the development of scalable silicon spin-qubit technology. Joining forces with Classiq transforms Intel’s Quantum Computing Group into a full-stack quantum computing business.”

Classiq co-founder and CEO, Minerbi, added: “Since our founding, Classiq has focused on making quantum computing practical and accessible by enabling developers, researchers and enterprises to create scalable quantum applications without requiring deep expertise in quantum circuit design. Together, Intel and Classiq can help unlock the benefits of quantum computing and accelerate its adoption sooner.”