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IBM Ventures Invests in Physics Software Firm BQP Amid 8x Revenue Growth
IBM Ventures has invested in BQP, a Syracuse-based company specializing in physics acceleration software, bringing the firm's total funding to $8 million. The investment extends a partnership that began in 2023 when BQP joined the IBM Quantum Network.
Funding Details
The latest funding round also included participation from Venn10 Capital and existing investor Monta Vista Capital. While the total raised by BQP now stands at $8 million, the specific size of IBM Ventures' commitment was not disclosed.
BQP focuses on software that speeds up complex engineering physics calculations, such as determining a satellite's trajectory or modeling heat transfer within an electric vehicle battery pack. The company's production software, QuantumNOW, currently operates on conventional CPUs and GPUs, with a quantum-native version in development.
Business Growth and Performance
The investment follows a period of significant growth for BQP. The company reported that its contracted and committed revenue has increased eightfold since its 2025 seed round, while its number of customers has tripled. The base figures for these growth multiples were not provided.
AdIn a notable application, BQP is working under a Small Business Innovation Research (SBIR) contract with the U.S. Space Force and SpaceWERX. The company stated its platform can track more than 3,000 space objects in under a second, a performance reported to be approximately 250 times faster than Orekit, an open-source alternative.
Strategic Outlook
BQP's current production customers are primarily in the aerospace and defense sectors. The new capital is expected to fuel the company's expansion into new commercial markets, specifically targeting electric vehicle battery thermal management applications in India.
"An engineer with a deadline doesn’t care where the answer came from. They care that it arrived in time and that the physics is right," said Abhishek Chopra, Founder and CEO of BQP. "The industry spent years treating this as a hardware problem... But it was always a software problem."
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