Integrating quantum computing into real-world computing applications is an ongoing challenge because the platforms are designed fundamentally differently. BlueQubitA San Francisco-based quantum software startup founded by Stanford graduates thinks it may find the answer to this question.

The Quantum Software as a Service (QSaaS) platform attempts to solve the above problem by providing end users with access to 'Quantum Processing Units' (QPUs) and quantum computing emulators.

To further its mission, it has now raised $10 million in a Seed funding round it led. Nyca Partners. The idea is to combine advanced quantum hardware with enterprise applications.

Industries like finance, pharmaceuticals, and materials science are starting to feel the limits of what's possible with classical computing, which is why Quantum computing has been getting so much attention lately.

Quantum holds the promise of unlocking new solutions to many challenging problems. Google's latest announcement regarding its latest quantum computing chip, Willow, view A world where computers can perform a calculation in less than five minutes (that's a number followed by many zeros) that would take 10 septillion years for one of today's fastest supercomputers.

BlueQubit's QSaaS framework supports use cases such as financial modeling, pharmaceutical development, and visualization.

BlueQubit CEO and Co-Founder Hrant Ghairbyan told TechCrunch that the company leverages large-scale classical computing resources (specifically a fleet of GPUs) to develop and test quantum algorithms before implementing them on real quantum processors.

“This approach allows us to scale effectively and pioneer new algorithms for quantum machine learning and quantum optimization,” he said.

The software stack runs quantum emulators "up to 100 times faster than commonly available alternatives, combined with a set of algorithms developed by our team," he added.

MIT graduate Gharibyan co-author of groundbreaking 'wormhole' teleportation algorithmThe Google Quantum AI team later implemented in superconductor processors.

BlueQubit's CTO, Hayk Tepanyan, attended Stanford University and later worked on Google's infrastructure team. Gharibyan and Tepanyan met at Stanford.

“We decided to start the company in the spring of 2022 while sitting on surfboards in Santa Monica, CA,” Gharibyan said. “We had just heard a new announcement from the IBM Quantum team regarding progress on superconducting qubits, and it was clear that the quantum landscape was advancing at an incredible pace.”

“We were looking for a team to invest in getting financial services firms up and running when quantum arrives,” Nyca Partner Tom Brown said in a statement. “Hrant and Hayk have the infrastructure, skills and motivation to bring to life something that until recently was mostly just theory.”

Restive, Chaac Ventures, NKM Capital, Presto Tech Horizons, BigStory, Untapped Ventures, Formula VC and Granatus also participated in this round.