DAVOS, Switzerland, Jan. 20, 2026 (GLOBE NEWSWIRE) -- Sumit Kapur, Chief Executive Officer of Zapata Quantum Inc. (OTC: ZPTA) (“Zapata”, “Zapata Quantum” or the “Company”), spoke today to global business and technology leaders in Davos, Switzerland. In his remarks on two separate panels, he outlined why the next phase of quantum computing will be defined not by hardware milestones alone, but by the ability to build, validate, and deploy reliable quantum applications. “It’s a privilege to be part of the Davo ...

Core Insights - Zapata Quantum, Inc. has appointed William Klitgaard as a Board member and Chair of the Audit Committee, and Clark Golestani as Chairman of the Board, enhancing its leadership team during a critical phase of its strategic restructuring [1][2][3] Group 1: Leadership Appointments - William Klitgaard's extensive financial leadership experience will guide the company through its remaining SEC compliance work, expected to be completed in Q4 2025, which is crucial for uplisting on a national exchange [4] - Clark Golestani, with over three decades of operational expertise, will support initiatives to advance the company's operations and accelerate progress in quantum software [6][7] Group 2: Strategic Restructuring - The company has successfully raised over $4 million in new capital and restructured $18.7 million of its legacy unsecured liabilities, which constitutes over 85% of its total liabilities as of year-end 2024 [2] - The restructuring efforts have preserved the company's extensive intellectual property portfolio and key strategic assets, positioning it for future growth [2][3] Group 3: Market Position and Future Outlook - Zapata Quantum is recognized as the only pure-play, publicly traded quantum software company, with a strong portfolio of over 60 patents, providing a strategic advantage in the quantum computing market [5][9] - The company aims to leverage its hardware-agnostic software platform to transition from research to real-world applications, targeting sectors such as cryptography, pharmaceuticals, finance, and defense [9]

TEL AVIV, Israel, May 12, 2025 (GLOBE NEWSWIRE) -- Classiq today announced raising $110 million in Series C funding, the largest ever for a quantum software company. The round was led by Entrée Capital, with participation from Norwest, NightDragon, funds managed by Hamilton Lane (Nasdaq: HLNE), Clal, Neva SGR, Phoenix, Team8, IN Venture, Wing, HSBC, Samsung Next and QBeat, as well as other new and existing investors. This investment brings Classiq's total funding to $173 million, positioning the company to ...