For the reason that October 7 bloodbath, Italy has adopted a essential stance in direction of Israel and the battle within the Gaza Strip, regardless that the right-wing Italian authorities and the Israeli authorities see eye-to-eye on many points. Nonetheless, “Globes” has realized that the Cassa Depositi e Prestiti (CDP), Italy’s official authorities expertise funding fund, has began to spend money on Israeli firms.
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The fund operates underneath the aegis of the Italian Ministry of Finance, and manages €4.7 billion. It seeks to take a position tens of tens of millions of euros, and maybe even extra, in Israeli startup firms, primarily in synthetic intelligence and quantum computing, with the purpose of bringing the businesses’ exercise to Italy, to develop and advance the native expertise business.
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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 firms. 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 Could 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 properly conscious of the fund’s exercise. It’s thought of an necessary device of presidency coverage and a method of advancing its goals, akin to a billion euro program for supporting synthetic intelligence,” a senior Israeli supply acquainted with the exercise of the fund says.
Printed by Globes, Israel enterprise information – en.globes.co.il – on August 11, 2025.
© Copyright of Globes Writer Itonut (1983) Ltd., 2025.
