Wall Street’s Quantum Bet: Israeli Firms Quantum Art and Classiq Target Multi-Billion Dollar SPAC Deals

July 19, 2026

Ctech Israel

Overview

Israeli quantum computing startups Quantum Art and Classiq are reportedly pursuing multi-billion dollar SPAC deals to go public, underscoring Wall Street’s escalating interest in the nascent quantum sector. Quantum Art, a trapped-ion hardware developer, recently extended its Series A to $140 million, while quantum software firm Classiq, having raised $30 million in late 2025 for a total of $200 million, aims to establish its platform as the industry’s quantum operating system standard.

In Depth

Background

Quantum computing stands as a transformative technology, poised to revolutionize fields from drug discovery and materials science to financial modeling and artificial intelligence by transcending the inherent limitations of classical computation. This disruptive potential has increasingly captured the attention of Wall Street investors, fueling a significant surge in funding for quantum-related enterprises. Special Purpose Acquisition Company (SPAC) mergers, offering a more rapid pathway to public markets than traditional IPOs, have become a particularly attractive vehicle for fast-scaling technology firms. Notably, Israel has cemented its reputation as a burgeoning innovation hub in quantum technology, with its startups frequently at the forefront of global advancements.

Key Findings

Israeli quantum computing startups Quantum Art and Classiq are reportedly exploring multi-billion dollar SPAC deals to go public. This move signals a profound shift for quantum technology, transitioning it from a domain of purely academic research into a significant player within investment markets and underscoring Wall Street’s heightened interest in the nascent quantum sector.

Quantum Art specializes in trapped-ion quantum computers, a hardware approach lauded for its high performance and inherent stability. The company recently extended its Series A funding round to a substantial $140 million, strategically aimed at accelerating its hardware development roadmap and market deployment efforts. Classiq, on the other hand, develops a sophisticated quantum software engineering platform. Its core function is to optimize high-level quantum applications, translating them into efficient quantum circuits adaptable across diverse hardware architectures. Classiq secured an additional $30 million in late 2025, pushing its total funding to approximately $200 million. The company harbors ambitions to establish its platform as the industry standard for quantum operating systems, actively collaborating with major technology companies to streamline quantum execution workflows.

These potential SPAC listings represent a critical litmus test for the broader quantum computing industry. Successful public market entries by Quantum Art and Classiq could significantly de-risk the sector, paving the way for other quantum startups to access public capital and further accelerate investment across the ecosystem. As their respective technologies mature and achieve wider adoption, both companies are strategically positioned to set crucial industry standards in quantum hardware and software. This development is expected to catalyze the proliferation of commercial quantum applications, unlocking unprecedented business opportunities across sectors like finance, healthcare, and logistics, where quantum technology holds the potential for truly transformative impacts.

Source: https://www.calcalistech.com/ctechnews/article/skxrd9l4zx

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