BlueQubit, a San Francisco-based quantum software startup, has raised $10 million in a Seed funding round led by Nyca Partners, with participation from Restive, Chaac Ventures, Presto Tech Horizons, NKM Capital and BigStory VC. Presto Ventures shared the news with AIN.

About BlueQubit

  • San Francisco-based BlueQubit, founded by Hrant Gharibyan ana Hayk Tepanyan, specializes in managed quantum computing solutions, offering a Quantum Software as a Service (QSaaS) platform that simplifies the integration of quantum algorithms into real-world applications. 

  • This QSaaS layer provides end-users access to cutting-edge Quantum Processing Units (QPUs) and emulators, bridging the gap between emerging quantum technology and practical industry use cases. 

  • BlueQubit’s QSaaS framework offers a seamless entry point into the quantum domain. It supports a range of use cases from financial modeling to pharmaceutical development to automated visualization. 

"Our platform is designed to empower researchers and developers alike," added Hayk Tepanyan, CTO & Co-Founder of BlueQubit. "We’re not just developing quantum software; we’re creating an ecosystem where quantum hardware, software, and enterprise use cases coalesce. This funding will allow us to expand our team and deepen our collaborations with hardware providers to unlock new levels of performance and accessibility".

Investment details

The Seed round led by Nyca Partners, with participation from Restive, Chaac Ventures, NKM Capital and BigStory VC. Presto Tech Horizons is the only European investor in a $10 million round. 

  • Nyca Partners is a New York-based fintech venture capital firm focused on investing in fintech startups that are innovating in financial services, such as payments, banking, lending, insurance, and wealth management.

  • It invests in the rapidly growing fintech ecosystem, which encompasses everything from digital payments and lending to blockchain and insurtech.

With this new funding, BlueQubit is set to expand the capabilities of its platform, building access to a comprehensive quantum ecosystem that empowers developers and researchers to design, test, and deploy quantum algorithms without the usual barriers. Future developments will include advanced quantum-AI models for material discovery, enhanced Quantum Monte Carlo tools for risk analysis, and turnkey solutions tailored to specific industries. 

Previously, AIN informed that Czech fund Presto Tech Horizons invested in Ukrainian-Dutch AI startup Tur.ai.