Bloq Quantum raises INR 1.3 Crore by Inflection Point Ventures

Bloq Quantum, a AI quantum software startup has raised INR 1.3 Crore in Pre Seed Round led by Inflection Point Ventures.This investment is part of IPV's strategy, to build ecosystem for startups to succeed by providing Tech support in terms of credits to Top 100 shortlisted startups. IdeaSchool enables knowledge transfer between successful entrepreneurs and new startups, creating a continuous cycle of learning & access to unparalleled network. The funds will be used for product development and team expansion. This capital infusion will stimulate innovation in quantum algorithms, improve platform functionalities, and expedite growth.

Bloq Quantum simplifies enterprise adoption of quantum computing with its user-friendly low-code interface. It accelerates quantum algorithm development by tenfold, providing valuable business insights. Designed for users at all skill levels, Bloq Quantum streamlines the path to quantum computing.

Sreekuttan L S, Co-Founder & CEO, brings a strong physics background from IISER Pune and experience as a Product Manager at The Quantum Insider. Jay Patel, Co-Founder and CTO, combines his expertise in Computer Engineering and Quantum Machine Learning, honed at CERN, with three global Quantum Challenge awards and multiple quantum software prototypes. Together, they drive innovation in quantum computing with their complementary skills and deep industry knowledge.

Mitesh Shah, Co-Founder, Inflection Point Ventures says, “Understanding quantum technology and its intricate algorithms is daunting, and applying it effectively in business is even more challenging. By bringing a platform where beginners and experts alike can work on quantum algorithms with a user-friendly low-code interface, Bloq Quantum’s USP brings satisfaction and business to its customers.. At IPV, we  believe not only in Sreekuttan’s capabilities but also in the entire team behind Bloq Quantum’s remarkable journey.”

Sreekuttan L S, CEO, Bloq Quantum, says, “Enterprises face challenges in adopting quantum computing due to fragmented and complex algorithm development processes. Bloq Quantum aims to streamline this by offering a comprehensive solution that simplifies the creation of quantum solutions, providing a seamless experience for businesses".

Bloq Quantum has achieved notable success, securing third place in the esteemed 2023 Global Fujitsu Quantum Simulator Challenge with a $100K prize pool, and taking first place in the TCS Quantum Challenge 2023. These accomplishments underscore the startup's leadership and pioneering contributions to the field of quantum computing.