BQP, a company that makes simulation software using quantum technology, has raised $4.9 million in seed funding. The funding round was led by Monta Vista Capital and had more investors like New York Ventures, Arc Ventures, Emergent Ventures, Alumni Ventures, and others.
This funding comes after BQP partnered with the Air Force Research Laboratory’s Aerospace Systems Directorate. Through this partnership, they plan to improve simulation and modeling using quantum computing.
BQP said it will use the money to build its digital twin technology, which is powered by quantum computing, in partnership with other companies.
It also plans to expand its work in areas like aerospace, defense, and semiconductors.
“Our quantum-inspired solvers are setting a new benchmark in simulation technology, bridging today’s computational limits and the quantum-ready future,” said Abhishek Chopra, BQP’s Founder, CEO, and Chief Scientific Officer. “The traction we’re experiencing from AFRL/RQ and industry-leading design partners validates the immediate impact and substantial ROI our platform delivers today. We’re also making significant R&D progress in quantum-native solvers for Computational Fluid Dynamics (CFD) and Machine Learning (ML), paving the way for future simulation workload for the next generation of data centers where HPC and quantum computers operate side by side.”
“BQP directly tackles critical bottlenecks in the rapidly evolving $22 billion simulation industry, where conventional technologies have struggled to keep pace with innovation demands in sectors like Aerospace & Defense, Semiconductor, and Energy,” said Roger Krakoff, Partner at Monta Vista Capital. “Their quantum-powered framework is positioned to become foundational infrastructure in the simulation ecosystem.”
BQP was started in 2020 by Abhishek Chopra, Jash Minocha, and Rut Lineswala. The company builds simulation tools to help improve engineering decisions in fields like aerospace, defense, semiconductors, and energy.
Its main product, called BQPhy, uses smart algorithms inspired by quantum computing. It works on regular computers and helps with optimization, machine learning, and physics-based simulations. BQP wants BQPhy to become the top choice for running simulations on all kinds of systems, like CPUs, GPUs, and even future quantum computers.
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