Introducing BQP
The Upstate NY-based startup driving a quantum leap in complex simulations.
Congratulations to founders Abhishek Chopra, Rut Lineswala, Jash Minocha, and the rest of the BQP team on raising a $3M Seed round, which we participated in alongside Monta Vista Capital, Emergent Ventures, Alumni Ventures, and Paradigm Shift Capital.
BQP (BosonQ Psi) is an Upstate NY-based startup modernizing how mission-critical industries like aerospace, defense, semiconductor, energy, and heavy manufacturing solve engineering challenges. BQP is on a mission to make engineering simulations faster, more accurate, and significantly more cost-effective. Their breakthrough lies in a next-generation simulation platform that hosts advanced mathematical solvers integrated with quantum algorithms with a user-friendly and low-code cloud interface, enabling industries to push the boundaries of what’s possible today while gearing up for futuristic quantum hardware.
The company was founded in September 2020 in Bangalore before moving its HQ to Upstate NY in 2022. BQP’s origin’s story can be traced back to CEO Abhishek's time in graduate school at Rensselaer Polytechnic Institute (RPI), when a simulation he was running was slated to take six months on 250,000 computers running in parallel. He attempted to solve the problem during a GPU Hackathon with scientists from Oak Ridge National Lab and NVIDIA. Even after swapping CPU for GPU and transferring the simulation over to the biggest supercomputer available, he saw minimal speed-up. He wondered why large-scale simulations remained so resource-intensive, and whether there might be a way to expedite them.
Enter BQP’s core solution, BQPhy, a simulation platform that delivers up to 10x faster performance on today’s high-performance computers (HPCs) with quantum-inspired algorithms. The future is even brighter, with the same technology promising 1,000x faster results with quantum-native algorithms as quantum computing hardware matures. By integrating quantum-inspired algorithms into modern computing, BQPhy today allows engineers to simulate, optimize, and design complex systems and scenarios—like aircraft wing design or cargo payload optimization—more efficiently and with greater precision.
This platform solves a pressing problem: traditional simulation tools rely on decades-old algorithms that are either fast (but inaccurate) or precise (but slow and expensive). What if this unhappy tradeoff could be bypassed? BQP bridges the gap by offering simulations that are both fast and accurate, slashing time-to-market by as much as 20%, while making the product more robust and cutting costs due to delays and recalls by millions.
Why We Invested
In a quantum landscape in which most big ideas are little more than scribbles on the back of a napkin, BQP stood out to us for its present-day applications and impressive commercial traction. Here are just a few areas that left an impression on us:
Immediate and Measurable Impact
Far from being the stuff of science fiction, BQP’s platform is already delivering real-world results. To name just two examples:
A Tier-1 Aerospace manufacturer saw a 10x improvement in simulation speed and accuracy during a pilot project on large-scale optimization, reducing a 30-minute task to just 3 minutes.
A government partnership in India used BQPhy to optimize electric vehicle batteries, showcasing its versatility beyond aerospace.
This track record of impact highlights BQP’s ability to address critical bottlenecks in engineering workflows.
First-Mover Advantage in an Untapped Market
While legacy tools dominate the $22 billion simulation software market, they fall short in addressing next-generation challenges. BQP’s quantum-inspired approach positions it as a first mover capable of unlocking an estimated $100 billion market opportunity, particularly in industries requiring large-scale simulations like aerospace, defense, and advanced manufacturing.
Groundbreaking Technology
BQP’s value proposition is its ability to modernize simulation software with:
Quantum-inspired algorithms that deliver unparalleled speed and accuracy.
Low-code interfaces that make advanced simulations accessible to a broader range of engineers.
Seamless integration with existing tools, minimizing disruption to customers’ workflows.
The platform’s defensibility is further bolstered by two pending patents and strong partnerships with major players like IBM, Intel, and Microsoft.
An Exceptional Team
BQP’s leadership combines technical brilliance with industry expertise:
Abhishek Chopra (CEO) brings a background in aerospace engineering and computational science, coupled with a relentless drive to deliver innovative solutions.
Rut Lineswala (CTO), Jash Minocha (COO), and Aditya Singh (VP of Business) round out the team with expertise in simulation tools, quantum computing, operational excellence, and enterprise sales.
Eswara Sai (Optimization Scientist) and Ferdin Bosco (Computational Scientist) bring strong scientific backgrounds and subject-matter expertise.
Preparing for a Quantum Leap
BQP’s transformative approach to engineering simulations offers incredible upside, and we’re thrilled to partner with Abhishek & co as they continue to scale. We look forward to following their progress as they build new simulation solvers in anticipation of a near future when quantum computers achieve industrial scale, spinning out to impact industries beyond today’s mission-critical engineering beachheads, such as finance, biotech, and green energy. With its unique combination of cutting-edge technology, proven results, and a visionary team, BQP is poised to become a leader in the simulation and quantum computing space.
Stay tuned for more updates - for those seeking a deeper dive, we’ll be publishing an interview with Abhishek in the coming weeks.
About ASV
Armory Square Ventures (ASV) is a returns-oriented, mission-focused technology venture capital firm based in the Finger Lakes region of New York State. We created the company to seed greater opportunities and jobs for those living in our region and across the Midwest. Over the past decade, ASV has catalyzed the creation of over 2,500 jobs in Upstate New York. We like to say we are an optimism engine for secondary cities and a community catalyst for regions outside Silicon Valley. As a firm, we are also enriched and nourished by individuals from a range of backgrounds, who are all passionate about uplifting and inspiring growth across America's smaller cities.
• Stage: Seed & Series A
• Location: Management based in New York State and/or other emerging cities across the US
• Check Size: $1M - $3M in the first round with plenty of reserves for follow-on capital
• Business Profile & Model: Software, mobile, or technology-enabled services (emphasis on B2B) with repeatable, recurring, or transaction-based revenue models
• Market: Addressable markets of at least $1B+
• Team: Full-time technical/product leader and sales/marketing leader
• Traction & Unit Economics: Prototype of product deployed with a small sample size of customers; capital efficient
Get in Touch
Have an opportunity to discuss, or want to talk startups?
Anthony Santaro - anthony@armorysv.com
Preston DeGarmo - preston@armorysv.com