Artificial intelligence-driven quantum software startup Bloq Quantum has secured Rs 1.3 crore in a pre-seed funding round led by Inflection Point Ventures. Previously, the startup raised $95.8K from an existing investor.
The funds will be allocated toward product development, team expansion, innovation in quantum algorithms, enhancing platform functionalities, and accelerating growth, according to a press release from Bloq Quantum.
Co-founded in 2024 by Sreekuttan L S and Jay Patel, Bloq Quantum aims to simplify enterprise adoption of quantum computing through its user-friendly low-code interface.
Market research indicates that the global quantum computing market was valued at $10.13 billion in 2022 and is projected to surpass $125 billion by 2030, growing at a CAGR of 36.89%.
Based in Kollam, the startup operates globally, providing quantum computing solutions to clients worldwide. It serves various industries and users, focusing on advancing quantum computing innovations on a global scale.
