Quantum Computing Startup BosonQ Psi raises $525K in Pre-Seed funding round
- ByStartupStory | July 12, 2022
A Quantum-based enterprise SaaS software company called BosonQ Psi (BQP) has raised $525,000 in pre-seed funding, with 3to 1 Capital as the lead investor. Important industry figures from both India and the US took part in this round.
Abhay Tandon, Vijay Sethi, Chandan Chowdhury, Saptorshi Hore, Neeraj Khandelwal, Ankur Jain, Vijay Rajagopal, and Abhishek Sureka are notable angel investors based in India. Famous angel investors in the United States include Shankar Rachakonda and Anand Reddy.
Abhishek Chopra, co-founder and CEO of BosonQ Psi said, “Large-scale engineering simulations are essential in the development of engineering-heavy products, from cars to aircraft or from drug discovery to additive manufacturing. With its unfathomable power, quantum computing will open up a whole new world of simulations that were previously impossible to perform accurately or that were too expensive and time-consuming. Engineering and R&D teams can now avoid expensive product recall problems and accelerate the innovation cycle for their products, respectively, thanks to BQPhy. For businesses, this entails lowering both CAPEX and OPEX.”
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Co-Founder and General Partner at 3to1 Capital, Abhay Tandon stated, “We think it’s important to fund savvy entrepreneurs with the courage to create the future. The founders of BQP and their team are utilising quantum technology, which has multiple effects on society, to build the future. By using their cutting-edge simulation engineering modules, which are powered by quantum technology, they would be able to address issues for both consumers and large businesses, such as faster GTM and robust products for the former and more secure products for the latter. We are happy to be a part of their journey because we firmly believe in their vision.”
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