Italian gov’t investing in Israeli tech cos

For the reason that October 7 bloodbath, Italy has adopted a important stance in direction of Israel and the warfare within the Gaza Strip, although the right-wing Italian authorities and the Israeli authorities see eye-to-eye on many points. Nonetheless, “Globes” has discovered that the Cassa Depositi e Prestiti (CDP), Italy’s official authorities expertise funding fund, has began to spend money on Israeli corporations.

SoftBank invests in Israeli quantum software program co Classiq

The fund operates beneath the aegis of the Italian Ministry of Finance, and manages €4.7 billion. It seeks to speculate tens of tens of millions of euros, and even perhaps extra, in Israeli startup corporations, primarily in synthetic intelligence and quantum computing, with the intention of bringing the businesses’ exercise to Italy, to develop and advance the native expertise business.

Coverage device

The investments in Israel are managed by Hagai Badash, an Italian of Israeli origin who lives in Rome, and who beforehand served as an funding supervisor and analyst in a number of Italian corporations. Badash led the funding on the CDP’s behalf in Israeli firm Classiq, developer of an working system for quantum computer systems, an funding spherical estimated at $20-30 million, along side Japanese funding agency Softbank.

The funding was an enlargement of a spherical in Might that gave the Israeli firm a valuation of $400 million. The expectation is that Classiq will contribute to advancing quantum computing in Italy. No remark was forthcoming from CDP or Classiq.

“Giorgia Meloni, the Italian prime minister, is effectively conscious of the fund’s exercise. It’s thought-about an essential device of presidency coverage and a way of advancing its goals, reminiscent of a billion euro program for supporting synthetic intelligence,” a senior Israeli supply aware of the exercise of the fund says.

Printed by Globes, Israel enterprise information – en.globes.co.il – on August 11, 2025.