Czech Presto Tech Horizons and DEPO Ventures announced their newest investment – BlueQubit, a quantum startup based in San Francisco.
🏭 Industry: Quantum Computing
📣 Solution: Managed quantum computing solutions with a Quantum Software as a Service (QSaaS) platform, simplifying integration of quantum algorithms into real-world applications.
👯 Founder(s): Hrant Gharibyan (CEO & Co-Founder), Hayk Tepanyan (CTO & Co-Founder)
📅 Founding year: 2022
💰 Investment amount (current round): €9.6 million ($10 million)
🌱 Stage: Seed
🚀 Funded by: Nyca Partners, Restive Ventures, Chaac Ventures, Czech Presto Tech Horizons, NKM Capital, BigStory VC, Formula VC, Untapped Ventures, Granatus and DEPO Ventures
💡 It will be spent on: Development of the platform, creation of novel quantum algorithms, and expansion of capabilities for various industry applications, including financial modeling, pharmaceutical development, and material discovery.
💪 Their specialty: Providing a scalable platform that bridges the gap between classical computing and quantum computing with high-speed quantum emulators and proprietary algorithms for quantum machine learning and optimization.
🔑 Business model: Subscription-based access to quantum computing resources, including QPUs and emulators, for enterprise use cases across multiple industries.
👥 Customer profile: Enterprise R&D teams, particularly in sectors like finance, pharmaceuticals, and material discovery, that need to adopt quantum computing solutions to address computational challenges.
