Greenberg Traurig Santa Maria advises Neva S.G.R. in its Investment in Classiq's quantum computing

MILAN - Dec. 5, 2022 - Greenberg Traurig Santa Maria advised Neva S.G.R., the venture capital company of the Intesa Sanpaolo Group (Italy's biggest bank), in its investment through the Neva First Fund in Classiq Technologies, an Israeli company at the forefront of quantum computing, a new technology that takes advantage of the laws of quantum mechanics to solve problems too complex for traditional computers.

Quantum computing will foster the evolution of cybersecurity and enable the creation of innovative solutions, especially in financial services, banking and insurance, with the creation of better-performing machine learning algorithms, solving optimization problems (for example, of a financial portfolio or a system for allocating collateral in credit) and scenario simulations, such as predicting the value of a financial instrument or performing stress tests to assess responsiveness to unexpected events.

The deal was managed by a cross-border team lead by Shareholder Pietro Caliceti of the Milan office, and which included Israeli Shareholder Joey Shabot, and Of Counsel Ephraim Schmeidler, together with U.S. Shareholder Cyril Brennan, and the Associate Francisco J. Vélez.

About Greenberg Traurig Santa Maria is the result of the combination of Greenberg Traurig, LLP with its long-term ally, Santa Maria Studio Legale Associato - a renowned legal boutique, founded in 1970 by Alberto Santa Maria in Milan. Greenberg Traurig Santa Maria is the fifth GT office in Europe and the 40th office in the world. Web: https://www.gtlaw.com/en/locations/milan
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About Greenberg Traurig:Greenberg Traurig, LLP has more than 2500 attorneys in 43 locations in the United States, Europe, Latin America, Asia, and the Middle East. The firm reported gross revenue of over $2 Billion for FY 2021 and is consistently among the top firms on the Am Law 100, Am Law Global 100, and NLJ250. On the debut 2022 Law360 Pulse Leaderboard, it is a Top 15 firm. Greenberg Traurig is Mansfield Rule 5.0 Certified Plus by The Diversity Lab and the Center for Resource Solutions Green-e® Energy program certifies that the firm's U.S. offices are 100% powered by renewable energy. The firm is often recognized for its focus on philanthropic giving, innovation, diversity, and pro bono. Web: www.gtlaw.com.