IBM Backs New York Startup's Quantum-Inspired Computing Platform

BQP, a New York-based startup, has secured investment from IBM Ventures to develop quantum-inspired computing tools. The platform, called BQPhy, combines state-of-the-art optimization, physics-based, and machine learning algorithms with quantum algorithms.

The funding will support the further development of BQPhy, which is designed for engineering simulation, optimization, and artificial intelligence/machine learning applications.