Exciting news from Alchemist alum BosonQ Psi (BQP)! They’ve just closed a $3M+ Seed-I round to advance quantum-inspired simulation technology—supercharging innovation in aerospace, defense, and beyond. Congratulations to the BQP team on this incredible milestone!
‼️Big News from BQP 💻⚛️✈️ I'm thrilled to announce that BosonQ Psi (BQP) has closed a $3M+ Seed-I round, led by Roger Krakoff at Monta Vista Capital and with participation from Anupam Rastogi at Emergent Ventures, Somak Chattopadhyay at Armory Square Ventures, Ron Levin at Alumni Ventures, and Govind Mundhra at Paradigm Shift Capital (existing investor). ⚙️ Innovation in mission-critical industries (Aerospace & Defense, Semiconductor, Energy, etc.) has stalled due to outdated simulation technology—a $22B market. Engineers face a trade-off: accurate but slow and costly simulations that delay time-to-market, or fast but inaccurate ones that risk costly delays and recalls. This stems from two core issues: algorithms unchanged since the 1980s and computing power nearing its limits. With growing demands, quantum computing is emerging as the next frontier. BQP is transforming the simulation technology landscape by accelerating advanced simulations by 10X on today's HPC using quantum-inspired algorithms and in the future by 1000X on forthcoming #quantumcomputers using quantum-native algorithms. The core of our solution is our unique backend simulation platform, #BQPhy©, which hosts novel mathematical solvers (optimization, physics-based, and data-driven) integrated with quantum algorithms that can be seamlessly called into existing engineering workflows. I'm so proud of the entire BQP team for what we have achieved in the past 12 months, including: ✅ Successful (paid) pilot with a Tier-1 Aerospace manufacturer for a large-scale optimization problem with BQPhy's #Quantum-Inspired Evolutionary #Optimization (QIEO) solver. ✅ Successful demo of QIEO with IAI North America (Catalyst Accelerator with Starburst - Design Optimization), ABB (Electrification Challenge - Energy Cost Optimization), and Ministry Of Heavy Industries ($550K grant - EV Battery Optimization) ✅ Demonstration of our quantum-native physics-based and data-driven solvers for applications in #CFD and #ComputerVision. ✅ Partnership with #AFRL/RI (Rome, NY) under a CRADA to explore opportunities within DoD for quantum computing-based digital engineering, #MBSE, & #DigitalTwin. Special shoutout to my co-founders, Jash Minocha and Rut Lineswala, and founding member Aditya Singh, for their amazing work. I would like to deeply thank Morgan Polotan, Vijay Sethi, Reed Frerichs, Mark Castleman, Nate Mason, and our families for supporting us throughout the process. This funding will help to continue deepening our roots in the US and Indian markets, especially in the #Aerospace & #Defense, and #Semiconductor industries. We're scaling our team rapidly to tackle the growth we are seeing with ongoing & upcoming pilots. PS: we couldn't have made this without the support of all our investors - IAI North America, Griffiss Institute, Alchemist Accelerator, Radiant Digital Ventures, 3to1 Capital, iSeed, and Angel Scions...continued in comments. Let's solve your unsolvable problems!