BQP (BosonQ Psi), a pioneer in quantum-powered simulation technology, announced the successful closure of a $3+ million Seed-I funding round, taking the total funding to $4.7Mn. The investment was led by Monta Vista Capital, with participation from Emergent Ventures, Armory Square Ventures, Alumni Ventures, and Paradigm Shift Capital.
BQP addresses a critical challenge in the $22 billion simulation market, where innovation in mission-critical industries such as Aerospace & Defence, Semiconductor, and Energy has stagnated due to outdated simulation technology. BQP is on a mission to revolutionize the entire domain of digital engineering by modernizing the backend algorithms and making it futureproof in terms of computing technology. This would result in modelling and simulations being faster, more accurate, and significantly more cost-effective, leading to lower costs, reduce risk, and increase in quality throughout the entire lifecycle of a product.
The startup's breakthrough lies in their next-gen simulation platform, BQPhy©, powered by quantum computing. The platform’s current simulation solvers leverage quantum-inspired algorithms to accelerate advanced simulations by 10X on today’s high-performance computing systems. BQPhy has allowed engineers to simulate, optimize, and design complex systems and scenarios—like aircraft wing design or cargo payload optimization—more efficiently and with greater precision. In parallel, the startup is working to develop solvers with quantum-native algorithms which have the potential to achieve 1000X acceleration on quantum computers.
"This funding will fuel our expansion in the US and global markets, particularly within the Aerospace & Defence sector," said Abhishek Chopra, Founder and CEO of BosonQ Psi. "We're excited to scale our team and tackle the significant growth we're experiencing with ongoing and upcoming customer engagements."
Key achievements over the past 12 months include:
Successful paid pilot with a Tier-1 Aerospace manufacturer using BQPhy's Quantum-Inspired Evolutionary Optimization (QIEO) solver for a large-scale optimization problem
Demonstrations of QIEO with IAI North America, ABB, and India’s Ministry of Heavy Industries
Showcasing quantum-native physics-based and data-driven solvers for Computational Fluid Dynamics and Computer Vision applications
Partnership with AFRL/RI under a CRADA to explore quantum computing-based digital engineering and model-based system engineering opportunities within the DoD
"We were impressed with BQP's breakthrough in quantum computing with quantum-inspired algorithms, and its innovative application to simulation technology. It represents the real differentiation, and their impressive traction is already showing the potential to significantly disrupt critical industries like aerospace & defence (and beyond) by accelerating product development cycles and yielding dramatic cost savings in product development and performance," said Roger Krakoff, Managing Partner at Monta Vista Capital. “We're thrilled to lead this investment and support unique team in their mission to transform the simulation landscape."
About BQP
BQP (BosonQ Psi) is a New York-based software platform startup revolutionizing advanced simulations using quantum computing for mission-critical industries. Its proprietary BQPhy© simulation platform integrates novel mathematical solvers (Optimization, Physics-based Simulations, and Data-driven Simulations) with quantum algorithms. BQPhy with a user-friendly and low-code interface, seamlessly integrating into existing engineering workflows enabling industries to push the boundaries of what’s possible with today’s high performance computers (HPCs) while gearing up for forthcoming quantum hardware.
BQP has been recognized major governments bodies and global industry leaders. It has been awarded $100K as winners of Griffiss Institute’s HUSTLE Defense Accelerator supported by US Air Force Research Lab and $25K as winners of Quantum World Congress’s National Security Startup Pitch Competition. The startup is partnered with startup programs of AWS, Microsoft, Intel, IBM, and NVIDIA, as well as partnered with Quest Global, Tata Consultancy Services (TCS), and Tech Mahindra. BQP was also finalists of BMW’s Quantum Computing Challenge and Maruti Suzuki’s MAIL program and graduated from marquee accelerators.
For more information, visit www.bosonqpsi.com.
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