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QpiAI closed first ever exterior funding with the pre-series A funding of $6.5 million Led by Yournest and SVCL
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WFC an angel group, Ramesh Radhakrishnan a profitable serial entrepreneur and enterprise capitalist, Ramaswamy Prabhakar a Technologist and angle investor from Silicon valley , Fast heal safety founders Kailash Katkar and Sanjay Katkar and their household workplace, Lakshmeenarayanan, Former Chairman and CEO of Cognizant, Bhupinder Singh former CPO of Bentley, Pratap Reddy Silicon Valley serial entrepreneur and angel investor, , Sahasra capital, and different angels additionally participated within the spherical
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With this funding QpiAI can be implementing Full stack 25 qubit Quantum computer systems that’s scalable from 25 to 1000 bodily superconducting qubits with identical infrastructure
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QpiAI can be aiming to extend revenues from software program licensing of seven software program platforms, QpiAI-pro, QpiAI-explorer, QpiAI-opt , QpiAI-pharma, QpiAI-ML QpiAI-logistics and QpiAI-matter , that are based mostly on Quantum computing and Generative AI applied sciences
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QpiAI is income producing, Enterprise targeted expertise startup and counts Fortune 500 corporations globally as its prospects in Pharma, Supplies, Chemical, Cosmetics, Automotive, Financials and manufacturing.
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Debraj Banerjee from SIDBI ventures can be joined the board of QpiAI as nominee of SIDBI enterprise capital
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Ramesh Radhakrishnan first exterior investor in QpiAI joined the board as a nominee director of Qpi Know-how, Holding firm of QpiAI
QpiAI, a pacesetter in quantum computing and generative AI introduced its maiden exterior funding of $6.5 million to construct Quantum computing and Generative AI merchandise and platforms
Dr Nagendra Nagaraja CEO and Founding father of QpiAI quoted “Pre-series A spherical of QpiAI can be remembered as a landmark funding spherical in Indian Deeptech. This spherical ought to enable us to put basis of intelligence modelling and Intelligence compute through Quantum computer systems and Generative AI.. Fuding will allow us to realize breakthrough innovation in vertical integration of Generative AI and Quantum computing in Enterprise and industrial purposes. We may even be demonstrating 25 Qubit Quantum computer systems in our Bangalore HQ by This autumn CY2024/ Q1 CY 2025. With integration of HPC constructed out of our lab infra and integration all our 7 Quantum and Generative AI platforms we can have prototype of Quantum-HPC QpiAI datacenter, this may be scaled additional to supply QCaaS (Quantum Compute as a Service). There may be additionally a superb traction with our present prospects to supply whole Quantum-HPC options with our software program and compute infra. A really superior Compute infra with Quantum functionality that we’ll be deploying with this funding will enable us to innovate in Generative AI and Quantum software program. QpiAI Quantum and AI stack together with {hardware} and software program can have great influence on Pharma, non-energy transition supplies, chemical substances, Manufacturing, Logistics and Finance”
Dr Nagendra additional added, “There may be additionally great traction in B2G phase with QpiAI thought management in Quantum and AI that has helped form expertise and infrastructure roadmaps. QpiAI is a International firm with HQ in Bangalore, India and subsidiaries in US and Finland. As we work with International enterprises and Governments together with US, Europe , Japan, center east and southeast Asia , We’d be increasing our presence in these areas to create worth to our prospects and companions”.
Dr Manjunath R.V Vice President for Quantum computer systems QpiAI additional added, “Constructing Scalable Quantum computer systems that may clear up actual world downside and bolster our business verticals is a really key expertise growth. At QpiAI we’re very excited to have our personal Quantum computer systems to additional construct Quantum and AI knowledge facilities. Group is admittedly comfortable to have a number of QPUs in our dilution fridge to verify we obtain top quality quantum compute infrastructure. We cant wait to see subsequent steps in our roadmap to advance Quantum computer systems scaling 25 qubits to 1000 qubits
