Dinesh Tyagi’s Post

Bloq Quantum, co-founded by Sreekuttan L S and Jay Patel in 2024, has raised Rs 1.3 crore in a pre-seed funding round led by Inflection Point Ventures. The Kollam-based startup, which previously secured $95.8K from an existing investor, focuses on simplifying enterprise adoption of quantum computing with its low-code interface. The funds will be used for product development, team expansion, and innovation in quantum algorithms. The global quantum computing market, valued at $10.13 billion in 2022, is expected to exceed $125 billion by 2030. #BloqQuantum #QuantumComputing #SreekuttanLS #JayPatel #InflectionPointVentures #PreSeedFunding #TechStartups #Innovation #LowCode #EnterpriseTech #GlobalExpansion #QuantumAlgorithms #startup77

Busy for December - yesterday (Wednesday) saw five deals for $370M, for a week-to-date of $602M and month of $2.35B. The largest funding today was the $155M Series D for Ayar Labs, developers of the industry’s first optical I/O solution for maximizing compute efficiency and performance of growing AI infrastructure and reducing costs, latency and power consumption. #startup #SVfunding #venturecapital #SiliconValley #Pulse #LinkSV

CEREBRAS FILLS ITS IPO PLATE Cerebras Systems, a startup specializing in artificial intelligence chips, filed for an IPO on Nasdaq to trade under the "CBRS.” Citigroup and Barclays are leading the IPO. Taiwan Semiconductor Manufacturing Company makes the Cerebras WSE-3 chip with more cores and memory. Despite significant revenue growth, Cerebras reported net losses, attributing increased operating expenses to support this growth. The company's largest revenue contributor is Group 42, which has ties to Microsoft. Cerebras warns of potential supply chain disruptions. In 2021, Cerebras was valued at over $4 billion in a $250 million funding round.  According to the filing, in May, G42 committed to purchasing $1.43 billion in orders from Cerebras before March 2025. G42 currently owns under 5% of Cerebras’ Class A shares, Cerebras was founded in 2016 and is based in Sunnyvale, California. Andrew Feldman, the startup’s co-founder and CEO, sold server startup SeaMicro to AMD for $355 million in 2012. The biggest investor in Cerebras is venture firm Foundation Capital, followed by Benchmark and Eclipse Ventures. According to the filing, Alpha Wave, Coatue, and Altimeter each own at least 5%. Other investors include OpenAI CEO Sam Altman and Sun Microsystems co-founder Andy Bechtolsheim. Feldman is the only individual who owns 5% or more. #CerebrasSystems #artificialintelligence #IPO #TSMC #Group42 #Microsoft #AndrewFeldman #FoundationCapital #Benchmark #EclipseVentures  #OpenAI #SamAltman 

Interesting $44M Series A for MetisX from South Korea! Led by the Jin Kim, one of the youngest VPs ever SKHynix, MetisX is addressing the "von Neumann bottleneck." This limitation occurs where a computer's CPU and memory are separate, communicating through a single, often congested, data channel. MetisX is building a memory solution that leverages CXL (Compute Express Link), which enables high-speed data transfers between the CPU and memory. Why is this crucial? As data demands escalate, current memory systems are increasingly unable to meet these needs efficiently, especially in data centers where operational costs and energy consumption are significant concerns. If you are building a deep-tech Series A startup, please reach out to us at DTCF | DeepTech & Climate Fonds

IBM Builds a Qiskit Functions Catalog Expanding its Quantum Network of Startups The Qiskit Functions Catalog lets Premium Plan users explore the available functions, including those written by IBM and those written by other members of our ecosystem. That includes two kinds of functions: Circuit Functions and Application Functions. https://lnkd.in/e3tyGMRr #ibm #ibmresearch #ibmquantum #quantumcomputing #applications #startups

AI quantum software startup Bloq Quantum has raised Rs 1.3 crore in a pre-seed funding round led by Inflection Point Ventures, a Gurugram-based angel investment firm. Bloq Quantum simplifies enterprise adoption of quantum computing with its user-friendly low-code interface. The startup plans to use the raised capital for product development and team expansion. Read the full story here: 👇 https://lnkd.in/d4f7w4ad #funding #startup #investors #technology ##quantumcomputing #indianstartupnews

MILLIBEAM has raised $6 million, its biggest capital injection yet, to make 5G better. The startup designs chipsets that can simultaneously connect to standard 5G and "mmWave" 5G, which is up to 10- to 20-times faster but covers much less ground. By putting what would normally take two or more chipsets into just one, Venkata Gutta says his startup can reduce the cost of mmWave buildout by "a factor of 10." Breakthrough Victoria and Main Sequence contributed $3m apiece to the raise. It's not everyday you hear about burgeoning semiconductor startups in Australia; the sector is still largely built around fast-growing SaaS outfits. Nothing wrong with that, but it's encouraging to see deep tech get love as the VC sector at large recovers from its post-pandemic hangover. It follows quantum computing startup Diraq last week raising $10 million, and the gargantuan $100 million raise from Samsara Eco. This exclusive and more in this week's (free to sign up for!) Sweat Equity Capital Brief newsletter from moi: https://lnkd.in/grtyS6Wn

Bloq Quantum, a business developing quantum software powered by artificial intelligence, has raised Rs 1.3 crore in a pre-seed fundraising round headed by Inflection Point Ventures. Prior to this, the firm had raised $95.8K from its current investor. Bloq Quantum, which was co-founded in 2024 by Sreekuttan L S and Jay Patel, makes it easier for businesses to adopt quantum computing because to its intuitive low-code interface. Based on market research, the global market for quantum computing was estimated to be worth $10.13 billion in 2022 and is projected to expand at a compound annual growth rate (CAGR) of 36.89% to surpass $125 billion by 2030. The startup with its headquarters in Kollam says it operates globally and offers clients all over the world quantum computing solutions. #bloq #startup #india #news #entrepreneur

Bengaluru-based, Photonic quantum technology startup Quanfluence has raised $2 million in a seed funding round led by pi Ventures. The funding will be utilized to advance Quanfluence’s near-term products, bring them to market, and accelerate the R&D of its flagship fault-tolerant, general-purpose quantum computer. Founded in 2021 by Sujoy Chakravarty, Ravi Mehta, Biman Chattopadhyay, Anil Prabhakar, Aditi Vaidya, and Sandeep Goyal, Quanfluence specializes in photonic quantum technology. The startup integrates photonic circuits with high-speed FPGAs to tackle common quantum computing challenges like hardware instability, noise, and scalability limitations. Read more about Quanfluence👉 https://lnkd.in/g86hi6eB #Quanfluence #FundingNews #SeedFunding #TechStartups #StartupIndia #DigitalIndia

It’s a new era for deep tech startups. Hardware era: 20,000 B.C. - 1981 Software era: 1981 - 2024 Deep tech era: 2024 - ? #NVIDIA #deeptech #bitsandatoms