Bloq Quantum, a business developing quantum software powered by artificial intelligence, has raised $155k in a pre-seed fundraising round headed by Inflection Point Ventures.
Prior to this, the firm had raised $95.8K from its current investor.
The money raised will go toward expanding the team and developing new products. Bloq Quantum stated in a news statement that it will accelerate expansion, innovate in quantum algorithms, and enhance platform functions.
Bloq Quantum, which was co-founded in 2024 by Sreekuttan L S and Jay Patel, makes it easier for businesses to adopt quantum computing because to its intuitive low-code interface.
Based on market research, the global market for quantum computing was estimated to be worth $10.13 billion in 2022 and is projected to expand at a compound annual growth rate (CAGR) of 36.89% to surpass $125 billion by 2030.
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The startup with its headquarters in Kollam says it operates globally and offers clients all over the world quantum computing solutions. It serves a wide range of markets and consumers and emphasizes advances in quantum computing globally.
Around Bloq Quantum
Bloq Quantum‘s low-code interface makes quantum computing easier for enterprises to implement. It provides significant business insights while tenfold accelerating the development of quantum algorithms. Bloq Quantum makes the transition to quantum computing easier and faster for novices as well as specialists.
