Integrating quantum computers into real-world computing applications is an ongoing problem since the platforms are constructed fundamentally otherwise. BlueQubita San Francisco-based quantum software startup founded by Stanford alumni believes it can have the reply.
Its Quantum Software as a Service (QSaaS) platform seeks to unravel the above problem by providing end users with access to so-called “Quantum Processing Units” (QPUs) and quantum computing emulators.
To further its mission, the corporate has now raised $10 million in a seed funding round led by Nyca partner. The idea is to unite enterprise applications and advanced quantum hardware.
Sectors like finance, pharmaceuticals and materials science are starting to feel the boundaries of what is feasible with classical computing, which is why quantum computing is receiving a lot attention recently.
Quantum guarantees to unlock recent solutions to many persistent problems. Google's recent announcement of Willow, its latest quantum computing chip, provided a glimpse of a world during which computers could perform in lower than five minutes a calculation that may take certainly one of today's fastest supercomputers 10 septillion years (that's the primary, followed by many). of zeros).
BlueQubit's QSaaS framework supports use cases akin to financial modeling, pharmaceutical development and visualization.
Hrant Ghairbyan, CEO and co-founder of BlueQubit, told TechCrunch that the corporate uses extensive classical computing resources – particularly a fleet of GPUs – to develop and test quantum algorithms before deploying them on real quantum processors.
“This approach allows us to scale effectively and advance novel algorithms for quantum mechanical learning and quantum optimization,” he said.
Its software stack powers quantum emulators “as much as 100 times faster than commonly available alternatives, combined with a set of algorithms developed by our team,” he added.
MIT graduate Gharibyan co-authored a groundbreaking “wormhole.” Teleportation algorithmwhich the Google Quantum AI team later created implemented on their superconducting processor.
BlueQubit CTO Hayk Tepanyan went to Stanford University and later worked on Google's infrastructure team. Gharibyan and Tepanyan met at Stanford.
“We decided to launch the corporate on surfboards in Santa Monica, California within the spring of 2022,” Gharibyan said. “We had just heard a brand new announcement from the IBM Quantum team about advances in superconducting qubits and it was clear that the quantum landscape is evolving at an incredible rate.”
“We have been on the lookout for a team to take a position in that can enable financial services corporations to hit the bottom running once Quantum arrives,” Tom Brown, partner at Nyca, said in a press release. “Hrant and Hayk have the background, skills and drive to place into practice something that until recently was mostly theory.”
Restive, Chaac Ventures, NKM Capital, Presto Tech Horizons, BigStory, Untapped Ventures, Formula VC and Granatus also participated on this round.
