Bloq Quantum is an artificial intelligence-powered quantum software startup that secured Rs 1.3 crore  from Inflection Point Ventures in its pre-seed funding round. The funding round saw the participation  of several new and existing investors. The startup plans to use this fresh capital to scale its operations,  product development, increase its workforce, and business growth. The company will use some of this  investment to improve its AI capabilities, quantum algorithms, and overall platform functionality.  

The software startup provides a platform to simplify enterprise adoption of quantum computing with  low-code requiring and user-friendly interface. The company currently works with various technical  companies while offering its services to clients worldwide. The Kerala startup provides its services  globally and offers quantum computing solutions. Bloq Quantum previously secured 95.8k USD in a  funding round from its existing investors. The platform claims to make development 10 times faster  and easier by providing algorithms for any use case with simple inputs. The application uses quantum  insights to gain valuable business insights such as technical feasibility, potential use cases, and risk  assessments. The startup allows users to run algorithms in any quantum hardware platform ensuring  maximum flexibility and efficiency.  

Bloq Quantum offers a platform that collects quantum insights and provides users with interactive,  adaptive, and robust personalized quantum code. The platform uses advanced technologies and  artificial intelligence to accelerate enterprise adoption and make quantum computing easier to use.  The company provides solutions to enhance accessibility and improve user outcomes. The key  offerings of the startup include BloqEnterprise which is a bitcoin router platform with associated  llibraries. BloqSuite, blockchain infrastructure software, and BloqThink which is a consulting service  and architecting service prototype platform for enterprises. 

The quantum software startup was founded by Sreekuttan L S & Jay Patel to make the adoption of  quantum computing easier for enterprises. According to market research, the quantum computing  sector is expected to grow at a CAGR of 36.89 percent and increase in market size. The global quantum  computing market was valued at around $10.12 billion in 2022 and it is predicted to grow and reach  125 billion in the next six years. The development came just after the quantum software startup  ecosystem saw increased interest from investors. Bloq Quantum faces competition from other startups  in the same segment such as R3 and Solana. 

Conclusion: 

The AI-driven quantum computing startup Bloq Quantum secured Rs 1.3 crore in its pre-seed funding  round led by Inflection Point Ventures with the participation of various new and existing investors. The  startup intends to use these fresh proceeds to scale its operations, enhance its platform, and improve  its platform and AI capability. The platform aims to make quantum computing easier with a low-code  interface for enterprises. The company previously secured $95.8k in funding from its existing investors.  The company provides three key offerings including BloqEnterprise, BloqThink, and BloqSuite. The  quantum computing sector is predicted to increase and reach $125 billion by 2030.