Integrating quantum computing into real-world pc functions is an ongoing downside, because the platforms are architected basically in another way. BlueQubit, a San Francisco-based quantum software program startup based by Stanford alumni, thinks it may need the reply.
Its Quantum Software as a Service (QSaaS) platform makes an attempt to deal with the above downside by offering end-users with entry to what’s generally known as ‘Quantum Processing Units’ (QPUs) and quantum computing emulators.
To additional its mission, it’s now raised $10 million in a Seed funding spherical led by Nyca Partners. The concept is to marry enterprise functions, and superior quantum {hardware}.
Sectors like finance, prescribed drugs, and materials science are beginning to really feel the boundaries of what’s doable with classical computing, which is why Quantum computing is receiving a lot consideration currently.
Quantum holds the promise of unlocking new options to many intractable issues. Google’s latest announcement of Willow, its newest, quantum computing chip, confirmed a glimpse of a world the place computer systems might carry out a computation, in underneath 5 minutes, that may take certainly one of immediately’s quickest supercomputers 10 septillion years (that’s the primary adopted by numerous zeros).
BlueQubit’s QSaaS framework helps use instances comparable to monetary modeling, pharmaceutical improvement and visualization.
Hrant Ghairbyan, CEO and Co-Founder of BlueQubit, advised TechCrunch the corporate leverages large-scale classical computing assets—particularly, a fleet of GPUs—to develop and check quantum algorithms earlier than deploying them on actual quantum processors.
“This approach enables us to scale effectively and pioneer novel algorithms for quantum machine learning and quantum optimization,” he mentioned.
Its software program stack runs quantum emulators “up to 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’ algorithm, which the Google Quantum AI workforce later applied on their superconducting processor.
BlueQubit’s CTO, Hayk Tepanyan, went to Stanford University, and later labored on Google’s infrastructure workforce. Gharibyan and Tepanyan met at Stanford.
“We decided to start the company while sitting on surfboards in Santa Monica, CA, in the spring of 2022,” mentioned Gharibyan. “We had just heard a new announcement from the IBM Quantum team about progress on superconducting qubits, and it was clear that the quantum landscape was advancing at an incredible pace.”
“We have been looking for a team to invest in who are looking to enable financial services firms to hit the ground running once quantum is here,” mentioned Tom Brown, Partner at Nyca, mentioned in a press release. “Hrant and Hayk have the background, skills, and drive to operationalize something that until recently has mostly been theory.”
Also collaborating on this spherical was Restive, Chaac Ventures, NKM Capital, Presto Tech Horizons, BigStory, Untapped Ventures, Formula VC and Granatus.
