Revery Capital investment in BlueQubit
March, 2024
March 2024 – Revery Capital invested in BlueQubit, a quantum computing software startup based in San Francisco. Founded in 2022 by Dr. Hrant Gharibyan, a quantum scientist from Caltech, and Hayk Tepanyan, a former ML infrastructure engineer at Google, BlueQubit aims to accelerate the commercial adoption of quantum computing by making it more accessible and user-friendly.
BlueQubit offers a platform designed to simplify quantum app development, enabling developers and researchers to run quantum jobs on CPU/GPU quantum simulators and real quantum processing units (QPUs). In collaboration with Q-CTRL, BlueQubit has achieved significant milestones in quantum machine learning, demonstrating the ability to load complex distribution data onto 20 qubits using an innovative hierarchical learning method.
BlueQubit’s platform and innovations have the potential to drive advancements across multiple industries, including finance, healthcare, cybersecurity, and aviation, by enabling more efficient problem-solving and quantum algorithm testing. This investment underscores Revery Capital’s commitment to supporting cutting-edge technologies that have the power to transform systems and industries, positioning BlueQubit as a leader in the rapidly evolving field of quantum computing.