Deeptech startup BQP raises $4.9 M Seed funding from Monta Vista Capital
An oversubscribed seed funding round led by Monta Vista Capital has raised $4.9 million for BQP, a company that develops software for quantum-accelerated simulations. New York Ventures, Arc Ventures, Emergent Ventures, Alumni Ventures, and other investors have also contributed to the round.
The Bengaluru and New York-based company had previously raised $1.7 million.
Through a Cooperative Research and Development Agreement (CRADA), the funding comes after working with the Aerospace Systems Directorate of the Air Force Research Laboratory to enhance modeling and simulation capabilities through quantum computing.
According to the company, the money will be utilized to increase its footprint in the semiconductor, aerospace, and defense industries as well as to partner with partners to develop its quantum-powered digital twin framework.
Founded in 2020 by Abhishek Chopra, Jash Minocha, and Rut Lineswala, BQP develops engineering simulation platforms. In industries like aerospace, defense, semiconductors, and energy, it seeks to enhance decision-making procedures.
Running on traditional computing infrastructure, BQPhy, the company’s core platform, integrates with existing engineering workflows. It supports machine learning, optimization, and simulations based on physics by fusing proprietary solvers with probabilistic algorithms from quantum information science.
Its solvers can be used either separately or in conjunction with a digital twin framework, according to the company. The objective is to establish BQPhy as the backend platform for simulation workflows involving hybrid computing systems that comprise quantum, GPU, and CPU processors.
BQP works with the Indian Ministry of Heavy Industries, ABB, IBM, Intel, Moog, IAI North America, the Department of Defense, Air Force Research Laboratory, and three significant aerospace companies, including a Tier-I manufacturer.
