QpiAI

Overview

QpiAI is a cutting-edge technology company that specializes in integrating quantum computing and artificial intelligence for enterprise applications. Established in 2019 by Nagendra Nagaraja, QpiAI is headquartered in Bengaluru, India. As of July 2025, the company has successfully raised a total of $43.3 million across three funding rounds, with key participation from the Indian government's National Quantum Mission and investment firms such as Avataar Ventures and YourNest.

Recent Developments

July 2025: QpiAI raised $32 million in a Series A funding round led by Avataar Ventures and the Indian government's National Quantum Mission, elevating its valuation to $162 million. This funding is set to accelerate the company's quantum computing capabilities and expand its global presence, with plans to introduce utility-scale quantum computers.
April 2025: QpiAI launched its first full-stack quantum computing system in India, QpiAI-Indus, equipped with 25 superconducting qubits for applications in sectors such as life sciences, automotive simulation, and materials science.
2024: Prior to these major developments, QpiAI secured $6.5 million in pre-Series A funding, supporting its objectives in advancing quantum computing integrated with AI.
Ongoing Initiatives: The company is actively engaged in scaling its quantum computing power, aiming to release a 64-qubit system by the end of 2025, scaling to 1,000 qubits by 2028. QpiAI continues to work on enhancing the fidelity and coherence times of its qubits while pushing forward with its research and development.

Attribute	Information
Founding Date	December 2019
Headquarters	Bengaluru, India
Founders	Nagendra Nagaraja
Revenue	$16.4M (estimated)
Profits	Not publicly disclosed
Key Investors	Avataar Ventures, YourNest, Indian National Quantum Mission, among others
Industry	Quantum Computing and Artificial Intelligence
Number of Employees	Approximately 76

Early History

QpiAI was founded in 2019 with the ambitious goal of merging quantum computing with artificial intelligence to solve complex industrial problems. The company was initiated by Dr. Nagendra Nagaraja, a visionary in the field, focusing on leveraging quantum mechanics and AI to accelerate computation speeds and enhance data analytics. The startup quickly gained attention within the tech community for its innovative approach, and by 2020, it had already begun developing a suite of AI-driven quantum computing tools and applications tailored for industries such as healthcare, finance, and logistics.

Company Profile and Achievements

QpiAI integrates quantum computing into AI models to improve computational power for industrial applications. It has developed a suite of proprietary software platforms, such as QpiAI-Pro and QpiAI-Explorer, which cater to a diverse range of sectors, including life sciences and materials discovery. The company’s business model revolves around providing enterprise-grade quantum computing solutions that can be accessed as a cloud service, fostering a greater reach for computational resources previously unavailable to many industries.

Major Achievements:

2019: Bootstrapped and initiated development of AI-quantum platforms within a year of inception.
2022: Secured initial capital and strategic partnerships to enhance quantum computing infrastructure.
2024: Successfully launched the 25-qubit quantum computer, QpiAI-Indus, marking a milestone for quantum computing in India.
2025: Received significant government and venture capital investment, reflecting strong confidence in its innovative approach and potential for technological advancement.

Current Operations and Market Position

QpiAI stands as a leader in the quantum computing domain, leveraging the integrated power of AI and quantum mechanics to revolutionize industries such as healthcare, logistics, and materials science. It is actively scaling its quantum computing capabilities in response to increased global demand, further expanding its technology infrastructure. With significant backing from both governmental and private sectors, QpiAI is poised for substantial growth, targeting strategic expansion into international markets such as Singapore and the Middle East.

Conclusion

QpiAI is positioned to drive significant advancements in quantum and AI domains, thanks to its robust technology framework and strategic support from investors and the Indian government. With a clear roadmap to extend its quantum capabilities, QpiAI is not only enhancing computational efficiencies but also shaping the future of how industries operate globally. As it continues to innovate and expand, QpiAI is set to maintain its trajectory as a frontrunner in integrating quantum solutions within real-world enterprise applications.