QpiAI, a Bangalore, India-based company which specializes in quantum computing and generative AI, raised $6.5M in Pre-Series A funding.
The round was led by Yournest and SVCL. WFC, Ramesh Radhakrishnan, Ramaswamy Prabhakar, Kailash Katkar, Sanjay Katkar, Lakshmeenarayanan, Bhupinder Singh, Pratap Reddy, and Sahasra capital also participated. Debraj Banerjee from SIDBI ventures will be joining the board of QpiAI as nominee of SIDBI venture capital.
With this funding, the company will be implementing full stack 25 qubit Quantum computers that are scalable from 25 to 1000 physical superconducting qubits with the same infrastructure.
Led by CEO and Founder Dr. Nagendra Nagaraja, QpiAI is a company which is integrating Quantum computing and AI vertically to offer solutions across areas like manufacturing, industrial, transportation, finance, pharma and materials. It has various software platforms and products including QpiAI-pro, -explorer, -logistics, QpiAIopt, QpiAIML, -pharma and -Matter. With its innovation in commercial grade Quantum computing technology, the company is providing advances to generative AI and various industry verticals.
FinSMEs
22/06/2024