Company intelligence
BQP
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About BQP
BQP is building the next-generation simulation platform BQPhy® designed to solve the most complex computational challenges in aerospace, space and defense. The advanced solvers are coupled with quantum-inspired algorithms, enabling simulations beyond today's GPUs' capabilities. Running on today's high-power computers, the quantum-powered platform is multiples faster and more accurate than existing solutions. This results in accelerated time-to-market and reduced development costs by billions, empowering organizations with a sustainable, future-proof competitive advantage. Ultimately, as quantum-native systems advance, the back-end BQPhy® platform is designed to transition seamlessly, fully leveraging their capabilities. BQP has demonstrated 10X computational advantages with aerospace and defense customers. BQP was named winner of the Griffis Institute’s HUSTLE Defense Accelerator and 2023 Quantum World Congress National Security Startup Award. The company is rapidly expanding and has researchers from among the most prestigious institutes around the world. The company has graduated from prestigious programs like Intel Ignite Accelerator and Alchemist Accelerator. As of Oct 2024, BQP has raised $6.5M from venture capital, and has received grants from the U.K., Netherlands, and Indian Governments for developing various applications. The name BQP stands for BosonQ Psi pays tribute to the great Indian Physicist Dr. Satyendra Nath Bose after whose name the elementary particle in quantum mechanics, Boson, was named. Further, it incorporates the fundamental quantity that describes the state of the quantum particle – Psi.
Verified activity
Signals from BQP
6 published signals
Capital & Finance
BQP received an investment from IBM Ventures in its total funding bringing it to $8 million.
Reported by BQP
Capital & Finance
BQP received a $8 million investment from IBM Ventures, extending the company's relationship with IBM Quantum Network.
Reported by BQP
Customers & Market
BQP's customer base has tripled and platform users have doubled since its 2025 seed round.
Reported by Rut Lineswala
Capital & Finance
BQP's total funding has been brought to $8M by IBM.
Reported by Rut Lineswala
Capital & Finance
BQP received a strategic investment from IBM bringing its total funding to $8M.
Reported by Rut Lineswala
Capital & Finance
BQP was invested in by IBM Ventures.
Reported by Nathan Mason