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IPV leads pre-seed round in Bloq Quantum

Entrackr

Entrackr · 1y ago

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.

Related News

Mela Ventures, Speciale Invest, IPV back separate tech startups with early-stage funds

VCCircle

VCCircle · 1y ago

Mela Ventures, Speciale Invest, IPV back separate tech startups with early-stage funds

Spacetech startup GalaxEye Space, AI quantum startup Bloq Quantum, and deeptech company Acculi Labs have secured early-stage funding. GalaxEye Space raised $6.5 million in a round led by Mela Ventures and Speciale Invest, which will be used to launch their satellite and develop their multi-sensor payload technology. Acculi Labs raised $1.5 million in funding led by Sabi Holding India, while Bloq Quantum raised Rs 1.3 crore in a pre-seed round led by Inflection Point Ventures. The funds will be used for product development, team expansion, and accelerating growth.

Pi Ventures bets on Quanfluence; Kirana Pro raises early-stage funding

VCCircle

VCCircle · 7m ago

Pi Ventures bets on Quanfluence; Kirana Pro raises early-stage funding

Photonic quantum technology startup Quanfluence has raised $2 million in seed funding led by pi Ventures, while quick commerce startup KiranaPro has raised an undisclosed amount in a pre-seed funding round. Quanfluence plans to scale its upcoming products and support research for its flagship quantum computer. KiranaPro will use the funds to expand its teams, enhance its technology infrastructure, and drive geographical expansion.

Inflection Point Ventures exits Courseplay as SaaS platform finds strategic buyer

VCCircle

VCCircle · 1y ago

Inflection Point Ventures exits Courseplay as SaaS platform finds strategic buyer

Inflection Point Ventures (IPV), an early-stage investment firm, has announced its exit from Courseplay, a software-as-a-service platform. Courseplay was acquired by HRtech firm CIEL in a cash-cum-share-swap deal. The financial details of the transaction have not been disclosed. This exit follows Courseplay's seed funding round of around $400,000 from IPV. IPV had an active year in terms of exits, with a total of 14, generating an average internal rate of return of 61%. CIEL plans to integrate Courseplay into its platforms to strengthen its HR offerings.

QNu Labs bags $6.5 Mn to provide quantum technology-based cybersecurity solutions

Inc42 · 1y ago

QNu Labs bags $6.5 Mn to provide quantum technology-based cybersecurity solutions

Quantum-safe cybersecurity firm QNu Labs has raised $6.5 million in a pre-Series A1 funding round led by Ashish Kacholia of Lucky Investments. The funding will be used for expansion and hiring new talent to bolster the company's growth. QNu Labs offers quantum and post-quantum cryptography solutions for data security and privacy against new-age attacks. The firm aims to solidify India's position as a hub for quantum technology and become a key player in global quantum-safe cybersecurity.

Zivy Pockets Funding To Simplify Workplace Tasks Via AI Solutions

Inc42 · 11m ago

Zivy Pockets Funding To Simplify Workplace Tasks Via AI Solutions

AI tool Zivy, founded in 2023, has raised $1.2 million in a Pre-Seed funding round led by Blume Ventures. The funding will be used for product development and expanding the research and development team. Other investors participating in the round included Paradigm Shift Capital, iSeed, Everywhere Ventures, Indian Silicon Valley, Marsshot Ventures, and several angel investors. Zivy's AI technology helps prioritize workplace messages and tasks, aiming to improve organization and efficiency for managers and team leads.

Early-stage angel investing platform IPV launches $110 million international fund from GIFT City - The Economic Times

Economic Times

Economic Times · 8d ago

Early-stage angel investing platform IPV launches $110 million international fund from GIFT City - The Economic Times

Inflection Point Ventures (IPV) has launched a $110 million Category I Angel Fund, IPV International, under GIFT City’s IFSCA framework. The fund targets early to pre-Series A startups globally, with investments ranging from $100,000 to $1 million per startup. It aims to simplify investment for NRIs and foreign nationals, offering a tax-efficient structure. IPV has already invested in Cellivate Technologies. With this fund, IPV aims to expand international startup investment opportunities.

Parkobot raises Rs 2.09 Cr in seed round led by IPV

Entrackr

Entrackr · 22d ago

Parkobot raises Rs 2.09 Cr in seed round led by IPV

Snippets Parkobot raises Rs 2.09 Cr in seed round led by IPV IoT-based parking startup Parkobot has raised Rs 2.09 crore (around $243K) in a seed round led by Inflection Point Ventures (IPV), with participation from high-net-worth individuals. The funding will be used to expand infrastructure, enter new markets, enhance backend operations, and diversify its product portfolio. Founded by Amrit Choudhury, Raj Kumar Bihani, and Animesh Mukherjee, Parkobot is currently in stealth mode as it lays the groundwork for scale. It offers a tech-enabled solution that allows users to monetize their private parking spaces through an IoT-powered smart parking space barrier integrated with the Parkobot mobile app. It operates as a real-time, on-demand platform by enabling hourly rentals of unused spots. The platform currently manages over 20,000 bookings each month and is built on a proprietary tech stack that includes scalable IoT devices and an in-house Parking Management System (PMS). It supports automated, pre-booked parking experiences with minimal manual intervention. The startup has already deployed its smart barriers at key high-traffic locations and aims to reduce urban congestion by optimizing underutilized parking spaces.

BQP Raises $5M Oversubscribed Seed Round Following Pilot Agreement with Air Force Research Lab for Quantum-Accelerated Digital Twin Platform

StartupTalky

StartupTalky · 21d ago

BQP Raises $5M Oversubscribed Seed Round Following Pilot Agreement with Air Force Research Lab for Quantum-Accelerated Digital Twin Platform

BQP, a quantum-accelerated simulation software company, raised an oversubscribed $4.9M seed round. The funding will expand its digital twin platform, BQPhy®, in mission-critical sectors like aerospace, defense, and semiconductors. Backed by Monta Vista Capital and others, BQP partners with the Air Force Research Laboratory and key industry players to enhance mission-critical modeling with quantum computing. Their technology aims to significantly boost simulation performance, paving the way for future quantum-native solutions in various industries.

Vodex, three others secure early-stage funding

VCCircle

VCCircle · 1y ago

Vodex, three others secure early-stage funding

Vodex, Ono, Arch0, and Mave Health have all secured early-stage funding. Vodex, a generative AI-based SaaS startup, raised $2 million in a seed funding round. Ono, an agritech startup, raised $1.3 million in a seed funding round. Arch0, a cloud security startup, raised $1.25 million in a pre-seed funding round. Mave Health, a healthtech startup, raised $719,202 in a pre-seed funding round, co-led by All-In Capital and Utsav Somani's iSeed Fund. These companies plan to use the funding to expand their operations, hire talent, and further develop their products.

India has the second-highest open access quantum computing users after US, says IBM executive

Economic Times

Economic Times · 1y ago

India has the second-highest open access quantum computing users after US, says IBM executive

India is the second largest country in terms of open access quantum computing users, with around 77,000 users, according to Jay Gambetta, VP of IBM Quantum. Gambetta sees significant potential for India to become a pioneer in quantum computing, particularly in areas such as sustainability, energy, and logistics. While India leads in terms of adoption, it is not yet leading in terms of investment. Gambetta met with faculty members from top Indian universities and industry leaders to discuss research collaboration and potential partnerships. IBM Quantum has also provided significant support to India's National Quantum Mission and has seen a growing interest in quantum computing within the country.

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