IBM Ventures backs BQP as quantum-accelerated simulation reaches production
Physics acceleration startup BQP announced today that IBM Ventures has invested in the company, though neither side revealed how much.
IBM Ventures is the investment arm of IBM Corp. BQP plans to spend the money taking its simulation platform into operational deployment.
The company was founded in 2020 under the name BosonQ Psi. The Syracuse, New York, company sells simulation software built to resolve full physics inside the window a decision actually has. The company’s platform is known as BQPhy.
Classical physics solvers leave roughly 85% of a graphics processing unit’s floating-point capacity idle, according to BQP, because the sparse iterative methods underneath simulation are bound by memory access rather than compute.
