BlueQubit raises $10M to provide quantum computing access to enterprises

BlueQubit Inc., a San Francisco-based quantum software program startup, introduced Thursday it has raised $10 million in seed funding to develop its platform and bridge the hole between the expertise and real-world purposes.

Nyca Companions led the spherical with participation from Restive, Chaac Ventures, Presto Tech Horizons, NKM Capital and BigStory VC.

Based by Stanford alumni in 2022, BlueQubit supplies a managed quantum-software-as-a-service platform designed to simplify the power of enterprise corporations to faucet into this rising expertise. Utilizing the platform, companies can entry quantum processing models, or QPUs, and highly effective software program emulators to develop and check algorithms earlier than deployment.

“Quantum expertise isn’t just a buzzword; it’s the following frontier of computational energy,” mentioned Hrant Ghairbyan, co-founder and chief govt of BlueQubit.

Quantum computing has the potential to offer quick options to probably the most difficult computational issues confronted in chemistry, drug discovery, supplies science, monetary modeling and supply-chain optimization. A few of these issues persist as points that classical computer systems would take a whole lot or hundreds of years to clear up whereas quantum algorithms can resolve them in minutes.

Current developments in quantum computing {hardware}, reminiscent of Google LLC’s latest debut of Willow, its present state-of-the-art quantum computing chip, have demonstrated that quantum is enhancing at fixing advanced issues. As an illustration, Willow can clear up an issue requiring billions of years for even the world’s second-fastest supercomputer, Frontier. This was achieved by Google’s new chip in below 5 minutes.

Prior to now few years, quantum computing companies reminiscent of IonQ Inc. and D-Wave Quantum Inc., in addition to established corporations reminiscent of IBM Corp., have rolled out quantum platforms designed to serve sensible business purposes. Extra companies are starting to look into quantum capabilities as they develop into more and more extra highly effective and dependable, BlueQubit mentioned.

BlueQubit’s platform permits builders to construct quantum algorithms utilizing present business software program growth kits reminiscent of Cirq and Qiskit and check them in quantum simulators tapping into large-scale fleets of graphics processing models. The corporate mentioned its framework helps a large number of quantum simulation use circumstances together with monetary modeling, pharmaceutical growth and visualization.

“Our platform is designed to empower researchers and builders alike,” mentioned co-founder and Chief Know-how Officer Hayk Tepanyan. “We’re not simply growing quantum software program; we’re creating an ecosystem the place quantum {hardware}, software program and enterprise use circumstances coalesce.”

Tepanyan added that the funding will permit the corporate to develop its quantum ecosystem to empower enterprise builders to deploy extra quantum use circumstances reminiscent of future business developments, together with superior quantum synthetic intelligence fashions for supplies discovery and threat evaluation instruments.

Picture: SiliconANGLE/Microsoft Designer