QpiAI, a trailblazer in generative AI and quantum computing, has successfully secured its first external funding round, raising $6.5 million. This pivotal pre-Series A investment is set to advance the development of cutting-edge generative AI and quantum computing products and platforms.
With this infusion of capital, QpiAI aims to establish a robust foundation for intelligence modelling and computation through the utilization of quantum processors and generative AI technologies. The company’s expertise and visionary approach to AI and quantum computing have been critical in shaping technological and infrastructure advancements within the industry.
Headquartered in Bangalore, India, with subsidiaries in the United States and Finland, QpiAI operates as a multinational corporation. The company’s strategic expansion underscores its commitment to driving innovation and collaboration on a global scale.
QpiAI emphasizes the transformative potential of quantum computers and AI across various sectors, including pharmaceuticals, transportation, cybersecurity, and finance. The integration of application software with quantum system software and hardware is a fundamental innovation poised to revolutionize these industries.
Dr Nagendra Nagaraja, CEO and Founder of QpiAI, stated, “There is tremendous traction in the B2G segment with QpiAI’s thought leadership in Quantum and AI that has helped shape technology and infrastructure roadmaps. As we collaborate with global enterprises and governments in regions such as the US, Europe, Japan, the Middle East, and Southeast Asia, we will be expanding our presence to create value for our customers and partners.”
Debraj Banerjee, President of SIDBI Venture and a Board Director of QpiAI, expressed excitement about the company’s deep tech journey, highlighting the significance of quantum computing for national security and advanced computation. Banerjee noted, “Having a home-grown quantum computer will be crucial for our national institutes to further our progress in computation technologies. We eagerly anticipate the delivery of a working 25-qubit machine from QpiAI by the end of 2024 or early 2025.”
About QpiAI
Founded in 2019 by Dr. Nagendra Nagaraja, QpiAI is a subsidiary of Qpi Technology. The company is bolstered by other subsidiaries, including Qpicloud, which pioneers next-gen quantum and AI cloud computing, and SuperQ, which focuses on superconductivity-based products such as motors, single-photon detectors, and high-temperature qubits. These synergistic subsidiaries enhance QpiAI’s capacity to lead in the evolving landscape of AI and quantum computing.
