- BlueQubit, a San Francisco-based quantum software startup founded by Stanford alumni, has raised $10 million in a seed funding round led by Nyca Partners, with participation from Restive, Chaac Ventures, Presto Tech Horizons, DEPO Ventures, NKM Capital, and BigStory VC.
- The funding will support the development of BlueQubit’s platform and the creation of novel algorithms tailored to meet the needs of enterprise R&D teams adopting quantum computing solutions.
- BlueQubit aims to integrate advanced algorithms, enterprise applications, and quantum hardware to drive the realization of Quantum Advantage.
BlueQubit specializes in managed quantum computing solutions, offering a Quantum Software as a Service (QSaaS) platform that simplifies the integration of quantum algorithms into real-world applications. This QSaaS layer provides end-users access to cutting-edge Quantum Processing Units (QPUs) and emulators, bridging the gap between emerging quantum technology and practical industry use cases.
Enterprises today face computational challenges that surpass the limits of classical computing, particularly in sectors like finance, pharmaceuticals, and material discovery. Quantum computing is poised to unlock new solutions to old problems in the coming decade, but most businesses lack the tools and expertise needed to tap into its full potential. There is plenty of work that can be done now to prepare for the arrival of wide-spread access to quantum computing. Quantum computers and associated software applications have grown more powerful and reliable over the past five years. Those trends are poised to accelerate in the coming five years, making timely adoption critical for companies aiming to stay ahead.
BlueQubit’s QSaaS framework offers a seamless entry point into the quantum domain. It supports a range of use cases from financial modeling to pharmaceutical development to automated visualization. With this new funding, BlueQubit is set to expand the capabilities of its platform, building access to a comprehensive quantum ecosystem that empowers developers and researchers to design, test, and deploy quantum algorithms without the usual barriers. Future developments will include advanced quantum-AI models for material discovery, enhanced Quantum Monte Carlo tools for risk analysis, and turnkey solutions tailored to specific industries.
“Quantum technology is not just a buzzword; it’s the next frontier of computational power,” said Hrant Ghairbyan, CEO & Co-Founder of BlueQubit Inc. “This investment enables us to continue building robust, scalable quantum software that bridges the gap between current enterprise needs and the vast potential of quantum computing. We’re excited to have Nyca Partners and other investors on board as we accelerate our vision to bring quantum into everyday business operations.”
“Our platform is designed to empower researchers and developers alike,” added Hayk Tepanyan, CTO & Co-Founder of BlueQubit. “We’re not just developing quantum software; we’re creating an ecosystem where quantum hardware, software, and enterprise use cases coalesce. This funding will allow us to expand our team and deepen our collaborations with hardware providers to unlock new levels of performance and accessibility.”
“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,” said Tom Brown, Partner at Nyca. “Hrant and Hayk have the background, skills and drive to operationalize something that until recently has mostly been theory. But once it becomes mainstream, those who were given a head-start by BlueQubit will come out ahead.”
“Quantum technologies and their global adoption represent a core investment thesis for Presto Tech Horizons. Recent breakthroughs in the field have only strengthened our conviction. All signs point to quantum simulations becoming the first real-world application of this technology, addressing computational challenges that are currently too time-consuming or outright impossible to solve, using conventional computers. We’ve known Hrant and Hayk from BlueQubit for quite some time and firmly believe they have a strong chance to become one of the most influential companies in the quantum sector.” said Presto’s partner Premysl Rubes.
