IPV leads pre-seed round in Bloq Quantum

Artificial Intelligence driven quantum software startup Bloq Quantum has raised Rs 1.3 crore in a pre Seed funding round led by Inflection Point Ventures.

The startup had previously raised $95.8K from its existing investor.

The proceeds will be deployed for product development, team expansion. innovation in quantum algorithms, improve platform functionalities, and expedite growth, Bloq Quantum said in a press release.

Co-founded in 2024 by Sreekuttan L S & Jay Patel, Bloq Quantum simplifies enterprise adoption of quantum computing with its user-friendly low-code interface.

According to market research, the global quantum computing market was valued at  $10.13 billion in 2022 and is expected to exceed $125 billion by 2030, growing at a CAGR of 36.89%.

The Kollam-based startup claims to  operate globally, providing quantum computing solutions to clients worldwide. It caters to diverse industries and users, and lays emphasis on quantum computing innovations on a global scale.