Bloq Quantum, an AI quantum software business, has secured Rs 1.3 crore in a pre-seed funding round. The funding was led by Inflection Point Ventures, an angel investment group based in Gurugram.
The acquired funds will be allocated towards the advancement of product development and the expansion of the team. The injection of funds will enhance the development of innovative quantum algorithms, enhance the capabilities of the platform, and accelerate its expansion.
The investment is a component of IPV’s strategic plan to create an ecosystem that fosters the success of entrepreneurs. This is achieved by offering technological assistance in the form of credits to the top 100 firms that have been selected.
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Bloq Quantum facilitates the integration of quantum computing into businesses by providing a user-friendly interface that requires minimal coding.
The startup significantly enhances the speed of quantum algorithm development, resulting in a tenfold increase, and offers vital commercial insights. Catering to users of varying proficiency, it simplifies the process of accessing quantum computing.
Sreekuttan L S, CEO of Bloq Quantum, said: “Enterprises face challenges in adopting quantum computing due to fragmented and complex algorithm development processes,”
Founded in 2024 by Sreekuttan L S & Jay Patel, Bloq Quantum’s low-code interface is user-friendly, simplifying the adoption of quantum computing in enterprises.
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