Startup Profile: QPerfect
QPerfect aims to deliver advanced quantum computing capabilities directly to end-users, making quantum computing more accessible and practical for computationally intensive tasks across various industries. They focus on integrating their technology with existing quantum computing resources through user-friendly simulators.
Website: https://qperfect.io
Industry: Quantum Computing Software, Quantum Simulators
Founded: 2023
Headquarters: France
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The complexity and inaccessibility of quantum computing hinder end-users from effectively utilizing its potential for demanding tasks like simulations, data analysis, and optimization. Existing platforms often lack seamless integration and are challenging for end-users to adopt.
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QPerfect provides sophisticated quantum simulators that integrate seamlessly with existing quantum computing resources, enhancing performance and accessibility. Their technology overlays specialized quantum capabilities onto existing platforms, offering end-users direct access to advanced quantum computing power.
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As the quantum computing market rapidly grows, there's an urgent need for accessible solutions that end-users can readily adopt. Public HPC (High-Performance Computing) initiatives are driving demand for computing capacity, making it an opportune time for QPerfect to introduce their integrative simulators.
FINANCIALS
QPerfect's five co-founders contributed β¬123,000, and they secured β¬650,000 in grants from France, with β¬430,000 already received. They have β¬350,000 in the bank, a monthly burn rate of β¬33,000, and plan to raise β¬4 million in the next funding round at a post-money valuation of β¬10 million.
MARKET SIZE
The quantum computing market is projected to be around β¬1.5 billion by 2026, with software accounting for one-third of this value. QPerfect aims to capture a 0.1% share of the software market by 2026 and 1.5% of the hardware market by 2030.
TEAM
The team is led by CTO and Co-Founder Guido Masella, an expert in quantum computing and numerical methods. Co-founders Shannon Whitlock, Guido Pupillo, and Johannes Schachenmayer are professors and long-time researchers in quantum computing. They are currently seeking a new CEO after the previous CEO stepped down.
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QPerfect's main product is advanced quantum simulators that are well-developed and nearing completion. These simulators integrate with existing quantum computing resources, enabling end-users to leverage enhanced quantum computing power for intensive computational tasks.
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They engage directly with end-users to implement their simulators, generating revenue through software licensing and integration services. QPerfect plans to market their systems to government and industry customers, seeking collaborations to support expansion and adoption.
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Competitors include established companies like Riverlane, ParityQC, and Q-CTRL, which offer similar services and have more advanced development and financing. However, QPerfect differentiates itself by focusing on direct end-user integration and enhancing existing platforms with their unique technology.