Insider Brief
- BQP has raised an oversubscribed $4.9 million seed round to advance its quantum-accelerated digital twin platform, BQPhy®, targeting mission-critical applications in aerospace, defense, and semiconductor industries.
- The raise follows a Cooperative Research and Development Agreement (CRADA) with the U.S. Air Force Research Laboratory (AFRL/RQ) to enhance simulation capabilities using hybrid quantum-classical computing.
- BQPhy delivers current 10X performance gains with quantum-inspired solvers on CPU/GPU systems, with future quantum-native versions projected to achieve up to 1000X acceleration.
PRESS RELEASE — BQP, a dual-use quantum-accelerated simulation software company, has raised an oversubscribed $4.9 million seed round to expand its unified digital twin platform, BQPhy®, for mission-critical industries, including aerospace, defense (A&D), and semiconductor. 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.
“Our quantum-inspired solvers are setting a new benchmark in simulation technology, bridging today’s computational limits and the quantum-ready future,” said Abhishek Chopra, BQP’s Founder, CEO, and Chief Scientific Officer. “The traction we’re experiencing from AFRL/RQ and industry-leading design partners validates the immediate impact and substantial ROI our platform delivers today. We’re 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.”
The round was led by Monta Vista Capital, with participation from Empire State Development’s New York Ventures, New York State’s venture capital arm, Arc Ventures, Armory Square Ventures, Emergent Ventures, Alumni Ventures, Arka Venture Labs, Transpose Platform, Gainangels, and Pranatech Venture Capital. 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. Chopra added, “We’re grateful to those who believed in us and our vision! This funding enables us to accelerate the development of our quantum-powered digital twin framework with these design partners and further expand our footprint in A&D and semiconductor industries.”
Total funding raised by the company now stands at $6.6 million.“BQP 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,” said Roger Krakoff, Partner at Monta Vista Capital. “Their quantum-powered framework is positioned to become foundational infrastructure in the simulation ecosystem.”
Built for hybrid architectures – CPUs, GPUs, and quantum computers – BQPhy’s current version relies on quantum-inspired solvers, enabling a 10X performance boost today on existing CPU/GPU. With their future quantum-native solvers, the customers can experience up to 1000X gains on forthcoming quantum computers.
In addition to the AFRL/RQ, BQP’s design partners include three major Aerospace and Defense companies, including the largest Tier-I Aerospace manufacturer, the Indian Ministry of Heavy Industries, ABB, and major aerospace players.
BQP’s solvers can be utilized independently or in a unification as a Digital Twin framework as part of its platform. BQP’s overarching vision is to make BQPhy “the BlackRock of the simulation world,” acting as the backend platform that seamlessly integrates into existing simulation workflows and software, as well as optimized for the hybrid computing architectures—CPUs, GPUs, and Quantum Computers—that define the future of data centers.
BQP is actively working with leading quantum ecosystem partners, including Intel, IBM, Classiq, Strangeworks, and members of the NORDTECH Hub. The company will also appear at AIAA Aviation in Las Vegas and ASME Fluids Engineering in July, where Chopra will speak on quantum applications in simulation.
To explore BQP’s quantum-accelerated Digital Twin platform or request a demo, visit bqpsim.com.
