QpiAI Raises $6.5M in Pre-Series A to Scale Quantum Computing and AI Integration
QpiAI is at the forefront of merging Quantum computing with AI to enhance capabilities in multiple industry verticals
Company Name: QpiAI
Location: Bangalore, India
Sector: Technology, Quantum Computing, Artificial Intelligence
Funding Details: Raised $6.5M in Pre-Series A funding. The round was led by Yournest and SVCL, with participation from WFC, Ramesh Radhakrishnan, Ramaswamy Prabhakar, Kailash Katkar, Sanjay Katkar, Lakshmeenarayanan, Bhupinder Singh, Pratap Reddy, and Sahasra Capital. Debraj Banerjee from SIDBI ventures will be joining the board as nominee of SIDBI venture capital.
Purpose of Investment: To implement full-stack 25 qubit Quantum computers that are scalable up to 1000 physical superconducting qubits with the same infrastructure.
Leadership: Led by CEO and Founder Dr. Nagendra Nagaraja.
Product: QpiAI integrates Quantum computing and AI to provide solutions across various sectors including manufacturing, industrial, transportation, finance, pharma, and materials. The company offers a range of software platforms and products such as QpiAI-pro, QpiAI-explorer, QpiAI-logistics, QpiAIopt, QpiAIML, QpiAI-pharma, and QpiAI-Matter.
About Company: QpiAI is at the forefront of merging Quantum computing with AI to enhance capabilities in multiple industry verticals. With its innovations in commercial-grade Quantum computing technology, QpiAI is driving advances in generative AI and providing significant technological enhancements across diverse sectors. The company's development of scalable quantum computers marks a significant milestone in the evolution of quantum technologies, promising to revolutionize data processing and problem-solving in complex industries.