Insider Brief
Israeli quantum computing companies Quantum Art and Classiq are reportedly in advanced talks to go public on Wall Street through SPAC mergers that could value each company between $2 billion and $5 billion.
Quantum Art is developing trapped-ion quantum hardware, while Classiq builds quantum software and has partnerships and customers that include Nvidia, Microsoft, Amazon Web Services, BMW, Rolls-Royce and Citi.
The reported deals reflect growing investor interest in quantum computing as companies seek access to larger pools of capital despite the industry’s limited current revenue and high development costs.
Photo by engin akyurt on Unsplash
