{
  "id": 5094335,
  "title": "IBM Ventures backs BQP as quantum-accelerated simulation reaches production",
  "url": "https://urgent.news/2026/09/02/ibm-ventures-backs-bqp-as-quantum-accelerated-simulation-reaches",
  "topic": "tech",
  "section": "Tech",
  "published": "2026-09-02T13:00:24.000Z",
  "source": {
    "name": "SiliconANGLE",
    "slug": "siliconangle",
    "url": "https://siliconangle.com/2026/09/02/ibm-ventures-backs-bqp-as-quantum-accelerated-simulation-reaches-production/"
  },
  "original_language": "en",
  "account": "IBM Ventures has backed quantum-accelerated simulation startup BQP, though the exact investment amount remains undisclosed. BQP, founded in 2020 under the name BosonQ Psi, plans to use the funds to deploy its simulation platform. The Syracuse, New York-based company offers software that solves full physics within a decision's time frame. Classical physics solvers leave approximately 85% of a graphics processing unit's floating-point capacity idle due to sparse iterative methods being memory-bound rather than compute-bound. BQP's platform, BQPhy, includes two solvers: QuantumNOW, already in production and running on CPU and GPU hardware, and QuantumMAX, which is still in development. Both solvers share a common software development kit compatible with MATLAB, Python, Julia, and a standard application programming interface. BQP's revenue has grown eightfold since its seed round in 2025, with its customer base tripling and platform users increasing 20 times. The software is currently running in production for aerospace and defense customers, including a Small Business Innovation Research contract with the U.S. Space Force for propagating a catalog of over 3,000 space objects in under a second, 250 times faster than the open-source Orekit solver. BQP has also demonstrated the software for radio-frequency signal problems in collaboration with the Air Force Research Laboratory’s Aerospace Systems Directorate. Additionally, the company has developed a propulsion optimization for drone mission profiles using Modovolo Inc., expanding from three design variables to more than 12. In energy, BQP is applying its engine to electric vehicle battery thermal management, supported by India’s Ministry of Heavy Industries and the Indian School of Business. BQP's platform allows users to access quantum-accelerated results without changing their workflow. Emily Fontaine, global head of IBM Ventures, highlighted BQP's record in building software that moves enterprises toward hybrid quantum-classical computing and its membership in the IBM Quantum Network since 2023.",
  "summary": "Physics acceleration startup BQP announced today that IBM Ventures has invested in the company, though neither side revealed how much. IBM Ventures is the investment arm of IBM Corp. BQP plans to spend the money taking its simulation platform into operational deployment. The company was founded in 2020 under the name BosonQ Psi. The Syracuse, […] The post IBM Ventures backs BQP as…",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}