Bloq Quantum, a startup developing quantum software powered by artificial intelligence, has raised Rs 1.3 crore in a pre-seed funding round headed by Inflection Point Ventures.
Before this, the startup 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 press release that it will accelerate growth, innovate in quantum algorithms, and enhance platform functionalities.
Bloq Quantum, which was co-founded in 2024 by Sreekuttan L S and Jay Patel, makes it easier for businesses to adopt quantum computing thanks 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 grow at a compound annual growth rate (CAGR) of 36.89% to surpass $125 billion by 2030.
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.
