About BosonQ Psi
BosonQ Psi is a company based in Bhilai (India) founded in 2020 by Abhishek Chopra, Rut Lineswala, Jash Minocha, and Hassan Azmat. It operates as a SaaS, and B2B. BosonQ Psi has raised $3.55 million across 2 funding rounds from investors including Paradigm Shift Capital, O2 Angels Network and 3to1 Capital. The company has 1 employees as of March 31, 2023. BosonQ Psi offers products and services including BQPhy® Optimization Solver, BQPhy® Physics Solver, and BQPhy® Data Driven Solver. BosonQ Psi operates in a competitive market with competitors including Altair, ZWSOFT, dSPACE, PhaseCraft and SimScale, among others.
- Headquarter Bhilai, India
- Employees 1 as on 31 Mar, 2023
- Founders Abhishek Chopra, Rut Lineswala, Jash Minocha, Hassan Azmat
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Sectors
Technology
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Email
***********
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Phone
*********
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Website
*********
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Social
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- Legal Name Bosonq Psi Private Limited
- Date of Incorporation 04 Sep, 2020
- Jurisdiction Bhilai, Chattisgarh, India
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Annual Revenue
$0 (USD)-100as on Mar 31, 2023
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Net Profit
$-311.5 K (USD)-1313.59as on Mar 31, 2023
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EBITDA
$-220.77 K (USD)-891.06as on Mar 31, 2023
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Total Equity Funding
$3.55 M (USD)
in 2 rounds
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Latest Funding Round
$3.02 M (USD), Series A
Oct 29, 2024
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Investors
Paradigm Shift Capital
& 14 more
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Employee Count
1
as on Mar 31, 2023
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Products & Services of BosonQ Psi
BosonQ Psi offers a comprehensive portfolio of products and services, including BQPhy® Optimization Solver, BQPhy® Physics Solver, and BQPhy® Data Driven Solver. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Tool for optimizing complex simulations with quantum algorithms.
Solver for physics-based simulations to enhance accuracy.
Solver using data-driven methods for advanced computations.
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Funding Insights of BosonQ Psi
BosonQ Psi has successfully raised a total of $3.55M across 2 strategic funding rounds. The most recent funding activity was a Series A round of $3.02 million completed in October 2024. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 2
- Last Round Series A — $3.0M
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First Round
First Round
(12 Jul 2022)
- Investors Count 15
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Oct, 2024 | Amount | Series A - BosonQ Psi | Valuation | Monta Vista Capital | |
| Jul, 2022 | Amount | Seed - BosonQ Psi | Valuation | 3to1 Capital |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in BosonQ Psi
BosonQ Psi has secured backing from 15 investors, including venture fund and angel investors. Prominent investors backing the company include Paradigm Shift Capital, O2 Angels Network and 3to1 Capital. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Early-stage tech-focused VC firm investing in geographies such as the US
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Founded Year | Domain | Location | |
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Seed-stage venture capital focused on enterprise AI, intelligent software, and cloud technologies.
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Founded Year | Domain | Location | |
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Early-stage startups are supported with capital and mentorship by Armory Square Ventures.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by BosonQ Psi
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - BosonQ Psi
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Bosonq Psi Comparisons
Competitors of BosonQ Psi
BosonQ Psi operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Altair, ZWSOFT, dSPACE, PhaseCraft and SimScale, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
AI-powered data science platform enables model deployment and analytics insights.
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| domain | founded_year | HQ Location |
CAD/CAM software solutions for design and product development are provided.
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| domain | founded_year | HQ Location |
Provider of engineering tools for developing and testing mechatronic control systems
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| domain | founded_year | HQ Location |
Quantum simulation systems are provided for materials and chemical reactions.
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| domain | founded_year | HQ Location |
Cloud-based simulation software
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| domain | founded_year | HQ Location |
Provide 3D designing softwares for developers
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Bosonq Psi
Frequently Asked Questions about BosonQ Psi
When was BosonQ Psi founded?
BosonQ Psi was founded in 2020 and raised its 1st funding round 2 years after it was founded.
Where is BosonQ Psi located?
BosonQ Psi is headquartered in Bhilai, India. It is registered at Bhilai, Chhattisgarh, India.
Who is the current CEO of BosonQ Psi?
Abhishek Chopra is the current CEO of BosonQ Psi. They have also founded this company.
Is BosonQ Psi a funded company?
BosonQ Psi is a funded company, having raised a total of $3.55M across 2 funding rounds to date. The company's 1st funding round was a Seed of $525K, raised on Jul 12, 2022.
How many employees does BosonQ Psi have?
As of Mar 31, 2023, the latest employee count at BosonQ Psi is 1.
What does BosonQ Psi do?
BosonQ Psi creates advanced quantum-inspired simulation algorithms to optimize complex processes, reducing computation time and costs for industries like aerospace and defense. They integrate these solvers into existing workflows, enabling faster innovation without overhauls. Based in Syracuse, NY, USA, and Bangalore, India, they serve global businesses across multiple sectors, focusing on high-performance computing solutions.
Who are the top competitors of BosonQ Psi?
What products or services does BosonQ Psi offer?
BosonQ Psi offers BQPhy® Optimization Solver, BQPhy® Physics Solver, and BQPhy® Data Driven Solver.
Who are BosonQ Psi's investors?
BosonQ Psi has 15 investors. Key investors include Paradigm Shift Capital, O2 Angels Network, 3to1 Capital, Monta Vista Capital, and Emergent Ventures.
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