Two Israeli quantum computing startups are racing to join Wall Street through the back door. Quantum Art and Classiq are both in advanced negotiations to merge with special purpose acquisition companies, seeking valuations between $2 billion and $5 billion each.
If the deals close, Quantum Art could become the first Israeli quantum company to go public, potentially listing as early as the end of 2026.
The SPAC pipeline is filling up fast
Roughly 30 SPACs are currently identified as actively pursuing deals in the quantum space. Five quantum startups have already gone public through SPAC mergers since the beginning of this year, with five more in advanced deal stages. Listed quantum entities now carry a collective valuation of around $70 billion.
Among the SPACs on the hunt is one with Israeli roots. Founded by Tom Livne and Eyal Waldman, it recently raised $172 million specifically to target quantum technologies.
Two different bets on quantum’s future
Quantum Art builds trapped-ion quantum hardware. It has raised approximately $200 million in total funding, including a $140 million Series A extension completed in April 2026.
Classiq plays in quantum software. Its platform provides cross-platform tools that help developers write and optimize quantum algorithms. Classiq has also raised roughly $200 million, including a $30 million round at the end of 2025, and is reportedly considering another funding round. Its strategic backers include AMD and Qualcomm. The company is generating annual revenues in the tens of millions.
Both companies are working with investment banks to finalize their SPAC decisions, according to reporting from Calcalist.