Integrating quantum computing into real-world laptop 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 might 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 often 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 potential with classical computing, which is why Quantum computing is receiving a lot consideration recently.
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 may carry out a computation, in beneath 5 minutes, that may take considered one of at the moment’s quickest supercomputers 10 septillion years (that’s the primary adopted by plenty of zeros).
BlueQubit’s QSaaS framework helps use circumstances equivalent to monetary modeling, pharmaceutical improvement and visualization.
Hrant Ghairbyan, CEO and Co-Founder of BlueQubit, instructed TechCrunch the corporate leverages large-scale classical computing sources—particularly, a fleet of GPUs—to develop and take a look at quantum algorithms earlier than deploying them on actual quantum processors.
“This method allows us to scale successfully and pioneer novel algorithms for quantum machine studying and quantum optimization,” he mentioned.
Its software program stack runs quantum emulators “as much as 100 instances sooner than generally obtainable options, mixed with a set of algorithms developed by our workforce,” 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 determined to start out the corporate whereas sitting on surfboards in Santa Monica, CA, within the spring of 2022,” mentioned Gharibyan. “We had simply heard a brand new announcement from the IBM Quantum workforce about progress on superconducting qubits, and it was clear that the quantum panorama was advancing at an unbelievable tempo.”
“We have been searching for a workforce to put money into who want to allow monetary companies companies to hit the bottom working as soon as quantum is right here,” mentioned Tom Brown, Partner at Nyca, mentioned in a press release. “Hrant and Hayk have the background, expertise, and drive to operationalize one thing that till not too long ago has principally been principle.”
Also taking part on this spherical was Restive, Chaac Ventures, NKM Capital, Presto Tech Horizons, BigStory, Untapped Ventures, Formula VC and Granatus.
