BQP, a US-based, dual-use quantum-accelerated simulation software company, has raised an oversubscribed USD 5 million seed round to expand its unified digital twin platform, BQPhy, for mission-critical industries, including aerospace, defense (A&D) and semiconductor.\u00a0<\/p>\n
The raise follows a strategic collaboration with the Air Force Research Laboratory Aerospace Systems Directorate (AFRL\/RQ) under a Cooperative Research and Development Agreement (CRADA) to accelerate mission-critical modeling and simulation capabilities with quantum computing, according to a media release.<\/p>\n
\u201cOur quantum-inspired solvers are setting a new benchmark in simulation technology, bridging today\u2019s computational limits and the quantum-ready future,\u201d said Abhishek Chopra, BQP\u2019s Founder, CEO, and Chief Scientific Officer. \u201cThe traction we\u2019re experiencing from AFRL\/RQ and industry-leading design partners validates the immediate impact and substantial ROI our platform delivers today. We\u2019re 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.\u201d<\/p>\n
The round was led by Monta Vista Capital, with participation from Empire State Development\u2019s New York Ventures, New York State\u2019s venture capital arm,\u00a0 Arc Ventures, Armory Square Ventures, Emergent Ventures, Alumni Ventures, Arka Venture Labs, Transpose Platform, Gainangels, and Pranatech Venture Capital, the media release said.<\/p>\n
The round also saw participation from key angel investors and existing investors, including Paradigm Shift Capital and Griffiss Institute, as part of the Mojave Aerospace Accelerator Fund.\u00a0<\/p>\n
Total funding raised by the company now stands at USD 6.6 million.\u00a0<\/p>\n
\u201cBQP 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,\u201d said Roger Krakoff, Partner at Monta Vista Capital. \u201cTheir quantum-powered framework is positioned to become foundational infrastructure in the simulation ecosystem.\u201d<\/p>\n
In addition to the AFRL\/RQ, BQP\u2019s design partners include three major Aerospace and Defense companies, including the Indian Ministry of Heavy Industries, ABB, and major aerospace players.<\/p>\n
Headquartered in Syracuse, New York, the company has a technology hub in Bangalore, India.\u00a0<\/p>\n
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