IBM Ventures Backs BQP with $8M for Quantum-Accelerated Physics Simulation
IBM Ventures has led an $8 million investment in BQP (formerly BosonQ Psi), an enterprise software developer based in Syracuse, New York. The funding brings BQP's total to $8 million and will support the commercial deployment of its flagship BQPhy platform.
The BQPhy platform optimizes underutilized GPU compute capacity, delivering performance up to 10 times faster inside native engineering environments like MATLAB, Python, and Julia without requiring teams to revalidate their workflows. This software acceleration layer resolves a fundamental bottleneck in high-performance computing (HPC), where traditional physics solvers often leave up to 85% of modern GPU floating-point capacity idle.
As part of this investment, BQP has achieved an 8 times expansion in contracted revenue driven by deployments across aerospace, defense, energy, and advanced manufacturing. The company has secured contracts with SpaceWERX, the U.S. Space Force, and the Air Force Research Laboratory (AFRL), where its solvers demonstrated up to a 250 times speedup in space object catalog orbit propagation compared to legacy classical baselines.