BlueQubit is raising $10 million to move its Quantum software into real-world applications

Integrating quantum computing into real-world computer applications is an ongoing challenge because the platforms are built fundamentally differently. BlueQubitA San Francisco-based quantum software startup founded by Stanford graduates thinks it may have the answer.

Its Quantum Software As a Service (QSaaS) platform seeks to solve the above problem by providing end users with access to what are known as “Quantum Processing Units” (QPUs) and quantum computing emulators.

To further his mission, he has now raised $10 million in a Seed funding round he leads Nyca Partners. The idea is to marry enterprise applications and advanced quantum hardware.

Sectors such as finance, pharmaceuticals and materials science are beginning to feel the limits of what is possible with classical computing, which is why Quantum computing has been receiving a lot of attention lately.

Quantum promises to open new solutions to many intractable problems. It showed a recent announcement about Willow, Google’s latest quantum computing chip review a world where computers could do a calculation in less than five minutes, which would take one of today’s fastest supercomputers 10 septillion years (that’s one number after many zeros).

BlueQubit’s QSaaS framework supports use cases such as financial modeling, pharmaceutical development and visualization.

BlueQubit CEO and co-founder Hrant Ghairbyan told TechCrunch that the company uses large-scale classical computing resources, specifically a fleet of GPUs, to develop and test quantum algorithms before deploying them on real quantum processors.

“This approach allows us to efficiently scale and create new algorithms for quantum machine learning and quantum optimization,” he said.

Its software stack runs quantum emulators “100 times faster than commonly available alternatives, along with a set of algorithms developed by our team,” he added.

Gharibyan, an MIT graduate, co-authored a groundbreaking wormhole teleportation algorithmthen the Google Quantum AI team is carried out in their superconducting processor.

BlueQubit’s CTO Hayk Tepanyan went to Stanford University and later worked on Google’s infrastructure team. Gharibyan and Tepanyan met at Stanford.

“We decided to start the company in the spring of 2022 while sitting on our surfboards in Santa Monica, California,” Gharibyan said. “We just heard a new announcement from the IBM Quantum team about progress on superconducting qubits, and it’s clear that the quantum landscape is advancing at an incredible pace.”

“We were looking for a team to invest in financial services firms who want to enable them to build a foundation once they become quant,” Tom Brown, a partner at Nyca, said in a statement. “Hrant and Hayek have the background, skills, and enthusiasm to make something that until recently has been mostly theory work.”

Also participating in this round were Restive, Chaac Ventures, NKM Capital, Presto Tech Horizons, BigStory, Untapped Ventures, Formula VC and Granatus.