# BlueQubit

> BlueQubit is a San Francisco quantum-software startup founded in 2022 by Hrant Gharibyan and Hayk Tepanyan. Its Quantum-Software-as-a-Service (QSaaS) platform lets engineers write algorithms in familiar frameworks like Qiskit, Cirq and PennyLane and run them - with a single click - on GPU-based emulators the company says run up to 100x faster than common alternatives, or on real quantum hardware such as IBM's Heron and Quantinuum's H2. The company raised a $10M seed round in December 2024 and works with partners including IBM, NVIDIA, Quantinuum, Honda, AWS and Stanford. Its stated goal is to democratize quantum computing and make it practical for real-world enterprise applications.

- **Founded:** 2022
- **Headquarters:** San Francisco, United States
- **Founders:** Hrant Gharibyan (CEO & Co-founder), Hayk Tepanyan (CTO & Co-founder)
- **Team size:** ~18 employees (11-50 range on LinkedIn)
- **Products:** QSaaS Platform, GPU Quantum Emulators, QPU Access, Enterprise & Finance Applications
- **Notable:** Raised a $10M seed round in December 2024 led by Nyca Partners., Published 'Heuristic Quantum Advantage with Peaked Circuits' (arXiv 2510.25838), demonstrating a classical-vs-quantum runtime gap on Quantinuum's H2 with up to 2000 two-qubit gates (October 2025)., Launched a free 34-qubit quantum simulator the company says is faster than most publicly available solutions.

## Products & services

- **QSaaS Platform** — A Quantum-Software-as-a-Service platform that lets users develop, test and run quantum programs through a single interface at app.bluequbit.io, with SDK integration for Qiskit, Cirq and PennyLane.
- **GPU Quantum Emulators** — Managed, high-performance GPU-based quantum simulators built with NVIDIA technology that the company says run circuits up to 100x faster than commonly available alternatives, including a free 34-qubit simulator.
- **QPU Access** — One-click access to real quantum hardware, including IBM's Heron (156 qubits) and Quantinuum's H2 (56 qubits), plus integration with AWS Braket.
- **Enterprise & Finance Applications** — Hybrid quantum-classical workflows for use cases such as quantum Monte Carlo risk analysis, derivative pricing, portfolio optimization and fraud detection.

## Achievements

- Raised a $10M seed round in December 2024 led by Nyca Partners.
- Published 'Heuristic Quantum Advantage with Peaked Circuits' (arXiv 2510.25838), demonstrating a classical-vs-quantum runtime gap on Quantinuum's H2 with up to 2000 two-qubit gates (October 2025).
- Launched a free 34-qubit quantum simulator the company says is faster than most publicly available solutions.
- Built managed GPU emulators claimed to run up to 100x faster than common alternatives.
- Co-founder Hrant Gharibyan co-authored a wormhole-teleportation algorithm later implemented by Google's Quantum AI team.
- Launched a Quantum Advantage Challenge with a $20,000 Bitcoin prize (February 2026).

## Latest updates

- **2026-02** — Launched a Quantum Advantage Challenge offering a $20,000 Bitcoin prize to anyone who can classically beat its quantum circuits.
- **2025-10** — Published research demonstrating heuristic quantum advantage with peaked circuits on Quantinuum's H2 processor (arXiv 2510.25838).
- **2024-12** — Closed a $10M seed round led by Nyca Partners to expand its QSaaS platform toward real-world enterprise applications.
- **2023-03** — Launched its platform to simplify quantum app development, including a free 34-qubit GPU simulator powered by NVIDIA.

## Links

- Website: https://www.bluequbit.io
- LinkedIn: https://www.linkedin.com/company/bluequbit
- Twitter/X: https://twitter.com/BlueQubitIO

---

Profile page: https://yespress.io/bluequbit
Published by YesPress — https://yespress.io
Last updated: 2026-07-07