Sign up to save tools and stay up to date with the latest in AI
bg
bg
1

BlueQubit raises $10M to take Quantum software into real-world applications | TechCrunch

Dec 19, 2024 - techcrunch.com
BlueQubit, a quantum software startup based in San Francisco and founded by Stanford alumni, aims to integrate quantum computing into real-world applications through its Quantum Software as a Service (QSaaS) platform. The platform provides access to Quantum Processing Units (QPUs) and quantum computing emulators, addressing the challenge of differing architectures between classical and quantum computing. BlueQubit recently raised $10 million in a Seed funding round led by Nyca Partners, with participation from several other investors. The company focuses on sectors like finance, pharmaceuticals, and material science, which are reaching the limits of classical computing capabilities. BlueQubit’s approach involves using classical computing resources, such as GPUs, to develop and test quantum algorithms before deploying them on actual quantum processors.

The startup's CEO, Hrant Ghairbyan, and CTO, Hayk Tepanyan, both have strong backgrounds in quantum computing and technology, having met at Stanford and previously worked with major tech companies like Google. Their QSaaS framework supports use cases in financial modeling, pharmaceutical development, and visualization, leveraging quantum emulators that run significantly faster than existing alternatives. The company aims to pioneer novel algorithms for quantum machine learning and optimization. The investment from Nyca Partners and others is seen as a step towards operationalizing quantum computing for financial services and other industries.

Key takeaways:

```html
  • BlueQubit, a quantum software startup, has raised $10 million in Seed funding to integrate quantum computing into real-world applications through its QSaaS platform.
  • The company's platform provides access to Quantum Processing Units and quantum computing emulators, supporting use cases in finance, pharmaceuticals, and material science.
  • BlueQubit leverages classical computing resources to develop and test quantum algorithms, claiming its quantum emulators run up to 100 times faster than alternatives.
  • The startup was founded by Stanford alumni Hrant Ghairbyan and Hayk Tepanyan, who aim to operationalize quantum computing for enterprise applications.
```
View Full Article

Comments (0)

Be the first to comment!