Startup Profile: QCentroid Labs
QCentroid's purpose is to simplify quantum computing complexities by providing an integrated platform, the QCentroid Suite, for deploying quantum, hybrid, and AI-powered solutions. They aim to make quantum technologies more accessible and cost-effective for large enterprises and SMEs across various industries.
Website: https://qcentroid.xyz
Industry: Quantum Computing as a Service (QCaaS), Quantum Operations, Machine Learning Operations , AI-Powered Solutions
Founded: 2022
Headquarters: Spain
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Organizations face significant complexity and high costs when integrating quantum computing solutions into their existing infrastructures. This hinders their quantum readiness and ability to efficiently solve problems using quantum technologies.
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QCentroid offers the QCentroid Suite, an end-to-end platform that streamlines the quantum adaptation process from problem definition to experiment management. Their platform simplifies testing, comparing, and deploying quantum, hybrid, and AI-powered solutions, reducing time and cost for organizations.
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As quantum computing technologies rapidly advance and the market for quantum solutions grows exponentially, there is a pressing need for accessible platforms to facilitate quantum adoption. QCentroid addresses this need by simplifying quantum complexities, enabling organizations to become quantum-ready as the industry expands.
FINANCIALS
QCentroid has raised β¬400,000 in prior funding and secured β¬200,000 in innovation grants, providing sufficient runway for the next 12 months. They plan to raise an additional β¬2β3 million in Q4 2024, with founders currently holding 75% equity and 10% allocated to ESOP and advisors.
MARKET SIZE
The Quantum Computing as a Service (QCaaS) market is projected to reach $4 billion by 2025 and $26 billion by 2030. Combined with MLOps and Quantum Ops, the integrated market potential is significantly larger, offering substantial growth opportunities for QCentroid.
TEAM
QCentroid's team consists of experienced professionals, including CEO & Co-Founder Carlos Kuchkovsky, with a strong background in quantum technologies and blockchain. The team includes experts in technology, business strategy, finance, and operations, totaling 9 full-time employees and several part-time staff and advisors.
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QCentroid's product is the QCentroid Suite, an integrated platform that accelerates testing, comparison, and deployment of quantum, quantum-inspired, or hybrid computing solutions. It features both API access and a no-code interface, including unique functionalities like blockchain integration, algorithm benchmarking, and a ready-to-test algorithms catalog.
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QCentroid operates on a subscription-based SaaS model, generating revenue through platform subscriptions, revenue-sharing from algorithm execution, and cloud computing reselling. They plan to scale their market presence by transitioning to a dealer network model, expecting 70β80% of revenue to come from dealers by 2025β26.
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QCentroid competes with companies like Multiverse, Covalent, Strangeworks, and PlanQK, which offer partial solutions in quantum computing platforms. However, QCentroid differentiates itself by offering a comprehensive platform with unique features like blockchain integration and a ready-to-test algorithms catalog, which competitors lack.