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Business Standard
17-07-2025
- Business
- Business Standard
QpiAI raises USD 32 million (INR 279 crore) in Series-A round led by Avataar Ventures and National Quantum Mission
VMPL New Delhi [India], July 17: Dr Nagendra Nagaraja CEO and Founder of QpiAI quoted "We thank our investors who enabled us to take QpiAI to next level. We were able to achieve great traction in commercialization of NISQ (Noisy Intermediate State Quantum) computers used for education, research and algorithmic prototyping. Markets are ripe for utility scale Quantum computers with logical qubits and we are leading efforts towards building full stack utility scale Quantum computers" * QpiAI raises $32 million (INR 279 cr) in Series A round led by Avataar Ventures and National Quantum mission of Department of Science and Technology, Government of India. Current investors and additional new investors also participated * QpiAI has developed a full-stack Quantum Computer with proprietary hardware and software, and has delivered real world Quantum applications in material science and drugs discovery to several global enterprises * QpiAI team is led by Dr. Nagendra (ex Nvidia, Qualcomm) and consists of over two dozen PhDs from top-tier Quantum research universities in the US and Europe; company has offices in India, Finland and the US The funds will be used to accelerate delivery of its utility scale Quantum computer and expand globally Mohan Kumar, Managing Partner at Avataar Ventures further added " We believe Quantum has the potential to advance mankind beyond imagination and India has a unique opportunity to lead this frontier tech. QpiAI has demonstrated a strong technical and commercial leadership with its functional Quantum Computing technology and real-world applications at large automotive and life sciences customers. They are on path to lead the Quantum-wave for the emerging markets with its advanced full-stack technology. We have been inspired by the vision, achievements and capabilities of the QpiAI team led by Dr. Nagendra and are excited to partner with them in their growth journey." Dr Ajai Chowdhry, Chairman of Indian National Quantum Mission further added " NQM is formed with a mission to enable Quantum ecosystem in India. We are early supporter of QpiAI and are proud of its achievements so far. We are delighted that NQM's support is helping QpiAI raise funds from global investors and promote the Indian startup ecosystem in Quantum technologies. QpiAI represents one of the successes of NQM. We plan to continue to support home grown product companies like QpiAI to help them grow into large enterprises and position India as a global leader in Quantum technologies. We congratulate Dr Nagendra and his team on this financing round and look forward to them achieving new commercial and technological milestones" About QpiAI QpiAI ( is a Bangalore based deep-tech company pioneering the convergence of Artificial Intelligence and Quantum Computing to solve some of the world's most complex industrial and scientific challenges. QpiAI's vertically integrated stack enables seamless innovation across hardware, software, and applications. The portfolio includes full-stack Quantum Computers (25 Qubit Indus and 8 Qubit QVidya); QpiAI-Explorer, an education platform; QpiAI-Quantum, offering SDKs, compilers, and simulators for quantum development; software products and platforms such as QpiAI-Opt, QpiAI-Pharma, QpiAI-Logistics, QpiAI-Matter, QpiAI- Pro and QpiAI-Agenthive across industries like manufacturing, industrial, transportation, finance, pharma and materials. (ADVERTORIAL DISCLAIMER: The above press release has been provided by VMPL. ANI will not be responsible in any way for the content of the same)
Deccan Herald
17-07-2025
- Business
- Deccan Herald
QpiAI raises USD 32 million (INR 279 crore) in Series-A round led by Avataar Ventures and National Quantum Mission
· QpiAI raises $32 million (INR 279 cr) in Series A round led by Avataar Ventures and National Quantum mission of Department of Science and Technology, Government of India. Current investors and additional new investors also participated· QpiAI has developed a full-stack Quantum Computer with proprietary hardware and software, and has delivered real world Quantum applications in material science and drugs discovery to several global enterprises· QpiAI team is led by Dr. Nagendra (ex Nvidia, Qualcomm) and consists of over two dozen PhDs from top-tier Quantum research universities in the US and Europe; company has offices in India, Finland and the US The funds will be used to accelerate delivery of its utility scale Quantum computer and expand globallyDr Nagendra Nagaraja CEO and Founder of QpiAI quoted 'We thank our investors who enabled us to take QpiAI to next level. We were able to achieve great traction in commercialization of NISQ (Noisy Intermediate State Quantum) computers used for education, research and algorithmic prototyping. Markets are ripe for utility scale Quantum computers with logical qubits and we are leading efforts towards building full stack utility scale Quantum computers'.Mohan Kumar, Managing Partner at Avataar Ventures further added ' We believe Quantum has the potential to advance mankind beyond imagination and India has a unique opportunity to lead this frontier tech. QpiAI has demonstrated a strong technical and commercial leadership with its functional Quantum Computing technology and real-world applications at large automotive and life sciences customers. They are on path to lead the Quantum-wave for the emerging markets with its advanced full-stack technology. We have been inspired by the vision, achievements and capabilities of the QpiAI team led by Dr. Nagendra and are excited to partner with them in their growth journey.' .Dr Ajai Chowdhry, Chairman of Indian National Quantum Mission further added ' NQM is formed with a mission to enable Quantum ecosystem in India. We are early supporter of QpiAI and are proud of its achievements so far. We are delighted that NQM's support is helping QpiAI raise funds from global investors and promote the Indian startup ecosystem in Quantum technologies. QpiAI represents one of the successes of NQM. We plan to continue to support home grown product companies like QpiAI to help them grow into large enterprises and position India as a global leader in Quantum technologies. We congratulate Dr Nagendra and his team on this financing round and look forward to them achieving new commercial and technological milestones'About QpiAIQpiAI ( is a Bangalore based deep-tech company pioneering the convergence of Artificial Intelligence and Quantum Computing to solve some of the world's most complex industrial and scientific challenges. QpiAI's vertically integrated stack enables seamless innovation across hardware, software, and applications. The portfolio includes full-stack Quantum Computers (25 Qubit Indus and 8 Qubit QVidya); QpiAI-Explorer, an education platform; QpiAI-Quantum, offering SDKs, compilers, and simulators for quantum development; software products and platforms such as QpiAI-Opt, QpiAI-Pharma, QpiAI-Logistics, QpiAI-Matter, QpiAI- Pro and QpiAI-Agenthive across industries like manufacturing, industrial, transportation, finance, pharma and materials.
NDTV
17-07-2025
- Business
- NDTV
QpiAI Raises $32 million (Rs 279 Crore) In Series-A Round Led By Avataar Ventures And National Quantum Mission
QpiAI raises $32 million (INR 279 cr) in Series A round led by Avataar Ventures and National Quantum mission of Department of Science and Technology, Government of India. Current investors and additional new investors also participated QpiAI has developed a full-stack Quantum Computer with proprietary hardware and software, and has delivered real world Quantum applications in material science and drugs discovery to several global enterprises QpiAI team is led by Dr. Nagendra (ex Nvidia, Qualcomm) and consists of over two dozen PhDs from top-tier Quantum research universities in the US and Europe; company has offices in India, Finland and the US The funds will be used to accelerate delivery of its utility scale Quantum computer and expand globally Dr Nagendra Nagaraja CEO and Founder of QpiAI quoted "We thank our investors who enabled us to take QpiAI to next level. We were able to achieve great traction in commercialization of NISQ (Noisy Intermediate State Quantum) computers used for education, research and algorithmic prototyping. Markets are ripe for utility scale Quantum computers with logical qubits and we are leading efforts towards building full stack utility scale Quantum computers." Mohan Kumar, Managing Partner at Avataar Ventures further added "We believe Quantum has the potential to advance mankind beyond imagination and India has a unique opportunity to lead this frontier tech. QpiAI has demonstrated a strong technical and commercial leadership with its functional Quantum Computing technology and real-world applications at large automotive and life sciences customers. They are on path to lead the Quantum-wave for the emerging markets with its advanced full-stack technology. We have been inspired by the vision, achievements and capabilities of the QpiAI team led by Dr. Nagendra and are excited to partner with them in their growth journey." Dr Ajai Chowdhry, Chairman of Indian National Quantum Mission further added " NQM is formed with a mission to enable Quantum ecosystem in India. We are early supporter of QpiAI and are proud of its achievements so far. We are delighted that NQM's support is helping QpiAI raise funds from global investors and promote the Indian startup ecosystem in Quantum technologies. QpiAI represents one of the successes of NQM. We plan to continue to support home grown product companies like QpiAI to help them grow into large enterprises and position India as a global leader in Quantum technologies. We congratulate Dr Nagendra and his team on this financing round and look forward to them achieving new commercial and technological milestones" About QpiAI QpiAI is a Bangalore based deep-tech company pioneering the convergence of Artificial Intelligence and Quantum Computing to solve some of the world's most complex industrial and scientific challenges. QpiAI's vertically integrated stack enables seamless innovation across hardware, software, and applications. The portfolio includes full-stack Quantum Computers (25 Qubit Indus and 8 Qubit QVidya); QpiAI-Explorer, an education platform; QpiAI-Quantum, offering SDKs, compilers, and simulators for quantum development; software products and platforms such as QpiAI-Opt, QpiAI-Pharma, QpiAI-Logistics, QpiAI-Matter, QpiAI- Pro and QpiAI-Agenthive across industries like manufacturing, industrial, transportation, finance, pharma and materials. Disclaimer: The above sponsored content is non-editorial and has been sourced from a third party. NDTV does not guarantee, vouch for or necessarily endorse any of the above content, nor is responsible for it in any manner whatsoever.
Time of India
17-07-2025
- Business
- Time of India
QpiAI raises $32 million led by Avataar, NQM
Bengaluru: Bengaluru-based QpiAI, which provides integrated AI and quantum solutions for enterprises, raised $32 million led by Avataar Ventures and the National Quantum Mission (NQM). The funding round also saw participation from both existing and new investors. QpiAI integrates quantum computing and AI to tackle complex challenges across multiple industries. The company offers a suite of software platforms tailored to specific sectors, enhancing simulation, optimisation, and data analysis capabilities. QpiAI developed a full-stack quantum computer featuring proprietary hardware and software, enabling the delivery of practical quantum applications in materials science and drug discovery for global enterprises. QpiAI founder Dr Nagendra Nagaraja said they created India's most powerful quantum computer with 25 qubits and a roadmap to scale up to 1,000 qubits by 2030. The technology is crucial for addressing complex challenges in agriculture, drug discovery, manufacturing, and other industries by leveraging quantum computing's natural alignment with high-dimensional data and quantum chemistry. You Can Also Check: Bengaluru AQI | Weather in Bengaluru | Bank Holidays in Bengaluru | Public Holidays in Bengaluru Nagendra's background includes 25 years in tech with companies like Nvidia and Qualcomm, where he witnessed the rise of AI but recognised hardware inefficiencies and high power consumption. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Gepensioneerden enthousiast! Deze dieetcapsules verbranden ook buikvet op oudere leeftijd! Apotheek Regionaal Undo QpiAI has raised about $6.5 million so far and is currently raising an additional $32 million to accelerate building scalable, low-error quantum computers. Founded in 2019, QpiAI is accelerating India's quantum journey by making quantum computing practical, accessible, and globally relevant. The company filed over 11 patent applications to date. QpiAI plans to double its workforce to 200–250 employees and currently operates two facilities in Bengaluru. The company secured funding to support operations for the next 3 to 3.5 years. Nagendra said it aims to launch a 64-qubit machine by late next year, with plans for error-corrected logical qubits, which are essential for commercial-scale applications like quantum chemistry simulations and precision medicine. Current qubit error rates are high, but QPI's new qubit design promises much longer coherence times, enabling effective error correction. "We achieved great traction in the commercialisation of NISQ (Noisy Intermediate State Quantum) computers in education, research, and algorithmic prototyping. Markets are ripe for utility-scale quantum computers with logical qubits, and we are leading efforts towards building these powerful systems."Mohan Kumar, managing partner at Avataar Ventures, said, "We believe quantum has the potential to advance mankind beyond imagination, and India has a unique opportunity to lead this frontier technology. QpiAI demonstrated strong technical and commercial leadership with its functional quantum computing technology and real-world applications at large automotive and life sciences customers. They are on a path to lead the quantum wave for emerging markets with its advanced full-stack technology."
