Integrating quantum computing seamlessly into everyday PC functions remains a significant challenge, as the underlying architectures differ fundamentally. A San Francisco-based quantum software program startup founded by Stanford alumni is considering whether it requires this response.
By developing its Quantum Software program as a Service (QSaaS) platform, the company addresses this limitation by providing end-users with access to “Quantum Processing Units” (QPUs) and quantum computing emulators.
To further augment its mission, the organization has successfully secured $10 million in seed funding through a well-led round. The aim is to integrate corporate capabilities with cutting-edge quantum equipment.
As traditional computing approaches its limits in sectors such as finance, pharmaceuticals, and materials science, the spotlight has shifted to quantum computing, which holds immense promise for pushing beyond these boundaries.
Quantum’s potential lies in its ability to unlock innovative solutions for some of humanity’s most pressing and seemingly insurmountable challenges. Google’s latest announcement of Willow, its newest quantum computing chip, confirms a world where computer systems can perform calculations that would take one of today’s fastest supercomputers approximately 10 septillion years to complete – a feat achievable in under five minutes.
BlueQubit’s QSaaS framework enables users to model circumstances comparable to financial forecasting, pharmaceutical development, and data visualization.
BlueQubit’s CEO and co-founder Hrant Ghairbyan told TechCrunch that the company harnesses massive classical computing resources – primarily a collection of Graphics Processing Units (GPUs) – to design and test quantum algorithms before implementing them on actual quantum processors.
“This approach enables us to scale effectively and develop pioneering new algorithms for quantum machine learning and quantum optimisation.”
The software programme stack operates quantum emulators at speeds up to 100 times faster than conventional alternatives, combining them with a suite of proprietary algorithms crafted by our team.
A team led by MIT graduate Armen Gharibyan co-authored a pioneering study on wormholes, building upon the theoretical framework to develop a functional prototype, which was subsequently implemented on Google’s advanced superconducting quantum processing unit.
Hayk Tepanyan, Chief Technology Officer at BlueQubit, boasts an impressive educational background that includes a stint at Stanford University. Prior to joining the company, he gained valuable experience working on Google’s infrastructure team. The meeting of Gharibyan and Tepanyan took place at Stanford University.
According to Gharibyan, the decision was made to launch the company while perched on surfboards in Santa Monica, California, in the spring of 2022. “We were astonished to hear the latest update from IBM’s Quantum team, revealing significant strides in developing superconducting qubits – a breakthrough that has sent the quantum landscape hurtling forward at breakneck speed.”
According to Tom Brown, associate at Nyca, the firm has been actively seeking a team willing to invest in businesses that can thrive once quantum technology becomes a reality. “Hrant and Hayk possess a unique combination of background, expertise, and motivation, enabling them to transform an abstract concept into a tangible reality.”
The collaboration on the spherical included Restive, Chaac Ventures, NKM Capital, Presto Tech Horizons, BigStory, Untapped Ventures, Method VC, and Granatus.
