What the business is
San Francisco quantum-software-as-a-service platform giving users access to quantum processing units and quantum emulators
The bet
Enterprises will adopt quantum through software-as-a-service that tests algorithms on GPU emulators first and then runs them on real quantum hardware
Starting capital
$10M seed led by Nyca Partners, with Restive, Chaac Ventures, NKM Capital, Presto Tech Horizons, BigStory, Untapped Ventures, FormulaVC and Granatus
How it started
CEO Hrant Gharibyan and CTO Hayk Tepanyan met at Stanford. Gharibyan says they decided to start the company on surfboards in Santa Monica in spring 2022, after hearing IBM's update on superconducting qubits.
What happened
The company uses a fleet of GPUs to develop and test quantum algorithms before deploying them on real quantum processors. Gharibyan says its software runs emulators up to 100 times faster than commonly available alternatives. He co-authored a wormhole teleportation algorithm later implemented by Google Quantum AI, and Tepanyan previously worked on Google's infrastructure team.
What has to be true
Quantum platforms are architected very differently from classical systems, making integration hard
Finance, pharma and materials science are reaching the limits of classical computing
Emulating quantum algorithms on GPUs lets teams test before real hardware is available
An investor wanted a team to help financial firms act when quantum arrives
What can be applied
BlueQubit is betting on the software layer ahead of mature hardware: if quantum arrives, enterprises will want tools that already run on it.
Aftermath
As of 2024-12-19 BlueQubit had closed a $10M seed round. The speed claim for its emulators is the company's own; no customer numbers were reported.
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