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IPV leads pre-seed round in Bloq Quantum

Entrackr · 3m

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.