December 11, 2024 -- BlueQubit, a quantum software startup founded by Stanford alumni, has announced a $10 million Seed funding round led by Nyca Partners, with participation from Restive, Chaac Ventures, Presto Tech Horizons, NKM Capital, BigStory, Untapped Ventures, Formula VC, and Granatus. This investment will support BlueQubit’s mission to deliver practical quantum advantage, equipping enterprises to solve complex problems that are increasingly beyond the reach of classical computing.

As industries like finance, pharmaceuticals, and defense confront computational bottlenecks, quantum computing offers new pathways. Yet the complexity, cost, and scarcity of quantum expertise often make it challenging for organizations to take the first step. BlueQubit’s Quantum Software as a Service (QSaaS) platform provides a streamlined way for businesses to adopt quantum technology, integrating advanced hardware, sophisticated algorithms, and enterprise applications into one accessible interface.

“Quantum technology is not just a buzzword; it’s the next frontier of computational power,” said Hrant Ghairbyan, CEO & Co-Founder of BlueQubit Inc. “This investment enables us to continue building robust, scalable quantum software that bridges the gap between current enterprise needs and the vast potential of quantum computing. We’re excited to have Nyca Partners and other investors on board as we accelerate our vision to bring quantum into everyday business operations.”

Over the past five years, quantum computing hardware and associated software have grown more stable, reliable, and powerful—a trend expected to continue. To prepare enterprises for this accelerating future, BlueQubit’s QSaaS framework offers direct access to a variety of Quantum Processing Units (QPUs) and emulators, including IBM, QuEra, Quantinuum QPUs and NVIDIA GPU-based emulators. Users can select their preferred hardware, test multiple approaches, and refine quantum algorithms tailored to their industry-specific needs.

This adaptability means organizations can begin exploring quantum use cases—such as financial modeling, material discovery, and pharmaceutical R&D—without building extensive internal quantum teams or navigating fragmented tools. BlueQubit’s roadmap includes advanced capabilities like Quantum Monte Carlo for complex risk analysis and quantum-AI models to speed up drug discovery and image processing.

“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.”

For investors, the appeal lies in enabling early adopters to gain a competitive edge. As quantum technology matures, those who have already integrated quantum tools and workflows will be positioned to capitalize on breakthrough solutions. BlueQubit’s approach accelerates time-to-value, allowing businesses to identify and refine quantum-ready applications today—so they can quickly leverage advanced computing power as soon as quantum devices surpass classical limitations.

“We have been looking for a team to invest in who are looking to enable financial services firms to hit the ground running once quantum is here,” said Tom Brown, Partner at Nyca. “Hrant and Hayk have the background, skills and drive to operationalize something that until recently has mostly been theory. But once it becomes mainstream, those who were given a head-start by BlueQubit will come out ahead.”

By uniting state-of-the-art QPUs, GPU-accelerated emulators, and algorithms in a user-friendly platform, BlueQubit fosters a quantum ecosystem where experimenting, prototyping, and scaling become frictionless. The company’s mission is to ensure that when quantum advantage arrives, its clients will be ready—not just to adopt quantum solutions, but to lead with them.