Czech Presto Tech Horizons and DEPO Ventures announced their newest investment – BlueQubit, a quantum startup based in San Francisco.

?? Industry: Quantum Computing

?? Solution: Managed quantum computing solutions with a Quantum Software as a Service (QSaaS) platform, simplifying integration of quantum algorithms into real-world applications.

?? Founder(s): Hrant Gharibyan (CEO & Co-Founder), Hayk Tepanyan (CTO & Co-Founder)

?? Founding year: 2022

?? Investment amount (current round): €9.6 million ($10 million)

?? Stage: Seed

?? Funded by: Nyca Partners, Restive Ventures, Chaac Ventures, Czech Presto Tech Horizons, NKM Capital, BigStory VC, Formula VC, Untapped Ventures, Granatus and DEPO Ventures

?? It will be spent on: Development of the platform, creation of novel quantum algorithms, and expansion of capabilities for various industry applications, including financial modeling, pharmaceutical development, and material discovery.

?? Their specialty: Providing a scalable platform that bridges the gap between classical computing and quantum computing with high-speed quantum emulators and proprietary algorithms for quantum machine learning and optimization.

?? Business model: Subscription-based access to quantum computing resources, including QPUs and emulators, for enterprise use cases across multiple industries.

?? Customer profile: Enterprise R&D teams, particularly in sectors like finance, pharmaceuticals, and material discovery, that need to adopt quantum computing solutions to address computational challenges.