QpiAI Closes $6.5 Mill Pre-Sequence A Funding Led by Yournest and SIDBI Enterprise Capital to Allow Intelligence Modelling and Intelligence Compute Utilizing Quantum Computer systems

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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.
• WFC, an angel group; Ramesh Radhakrishnan, a profitable serial entrepreneur and enterprise capitalist; Ramaswamy Prabhakar, a Technologist and angel 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.
• With this funding, QpiAI might be implementing full stack 25 qubit Quantum computer systems which might be scalable from 25 to 1000 bodily superconducting qubits with the identical infrastructure.
• QpiAI might 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 primarily based on Quantum computing and Generative AI applied sciences.
• QpiAI is a income producing, enterprise targeted know-how startup and counts Fortune 500 firms globally as its clients in pharma, supplies, chemical, cosmetics, automotive, financials and manufacturing.
• Debraj Banerjee from SIDBI ventures might be becoming a member of the board of QpiAI as nominee of SIDBI enterprise capital.
• Ramesh Radhakrishnan, the primary exterior investor in QpiAI, joined the board as a nominee director of Qpi Expertise, holding firm of QpiAI

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BANGALORE, India — 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, “The pre-series A spherical of QpiAI might be remembered as a landmark funding spherical in Indian Deeptech. This spherical ought to enable us to put a basis of intelligence modelling and intelligence compute through Quantum computer systems and Generative AI. This funding will allow us to realize breakthrough innovation in vertical integration of Generative AI and Quantum computing in enterprise and industrial functions. We can 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 could have prototype of Quantum-HPC QpiAI datacenter, this may be scaled additional to supply QCaaS (Quantum Compute as a Service). There’s additionally good traction with our present clients to offer 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, could have large impression on pharma, non-energy transition supplies, chemical substances, manufacturing, logistics and finance.”

Dr Nagendra additional added, “There’s additionally large traction within the B2G section with QpiAI thought management in Quantum and AI that has helped form know-how and infrastructure roadmaps. QpiAI is a World firm with its HQ in Bangalore, India and subsidiaries in US and Finland. As we work with World enterprises and Governments together with the US, Europe, Japan, the Center East and Southeast Asia, we might be increasing our presence in these areas to create worth to our clients 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 issues and bolster our trade verticals is a really key know-how improvement. At QpiAI, we’re very excited to have our personal Quantum computer systems to additional construct Quantum and AI information facilities. Our staff is admittedly completely satisfied to have a number of QPUs in our dilution fridge to verify we obtain prime quality quantum compute infrastructure. We will’t wait to see the following steps in our roadmap to advance Quantum computer systems scaling 25 qubits to 1000 qubits.”

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Sachin Kumar, Lakshya Priyadarshi and Aswanth Krishnan, who leads software program merchandise and options on Generative AI and Quantum software program, steered, “Within the final 4 years, we have been in a position to commercialize our software program platforms and obtain traction throughout giant bluechip enterprise clients. With this funding and with all our 7 software program merchandise able to scale, we envision scaling our software program platforms globally. We anticipate a good time forward for us. There’s lot of buyer curiosity to see QpiAI Quantum and AI software program platform engaged on QpiAI Quantum-AI HPC datacenters to implement their subsequent gen functions in pharma, supplies, fintech, automotive and manufacturing.”

Sunil Goyal MD, Yournest who led the funding spherical, additional added, “By investing in QpiAI, we’re serving to to propel India to the forefront of quantum computing. This know-how has the potential to revolutionize fields like supplies science, drug discovery, automotive, and manufacturing. QpiAI’s revolutionary method makes them a key participant in unlocking this potential, and we’re thrilled to hitch Dr. Nagendra and the QpiAI staff on this thrilling journey.”

Debraj Banerjee, President at SIDBI Enterprise capital and Board of Director of QpiAI who led the funding spherical from SIDBI ventures, additional added, “SVCL may be very excited to be a part of this crucial deeptech journey of nationwide significance. Quantum computer systems will change the world once we commercialize it. The know-how is of immense significance for nationwide safety and advance computation. Having a home-grown Quantum pc might be crucial for our nationwide institutes to additional our progress in computation applied sciences. We’re eagerly trying ahead to a working 25 qubit machine from QpiAI by This autumn of CY24 /Q1 CY25.”

Ramesh Radhakrishnan, a really profitable serial entrepreneur, a veteran VC and Board of Director at QpiAI, additional added, “Quantum computer systems and AI are the long run for all utilized applied sciences in many alternative market segments together with pharma, transport, cybersecurity, and monetary amongst others. Integrating Software software program with Quantum System software program and {hardware} to make AI and Quantum computing work collectively is a basic innovation whose significance goes to be huge. With facilities within the US and Finland, QpiAI is properly positioned to scale Quantum and AI applied sciences and deal with markets globally. I’m very excited to be part of this glorious journey.”

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About QpiAI

QpiAI ( https://www.qpiai.tech) is a world chief in AI and Quantum computing. QpiAI is integrating Quantum computing and AI vertically to supply options to areas like manufacturing, industrial, transportation, finance, pharma and supplies. It has varied software program platforms and merchandise together with QpiAI-pro, QpiAI-explorer, QpiAI-logistics, QpiAIopt, QpiAIML, QpiAI-pharma and QpiAI-Matter. With its innovation in industrial grade Quantum computing know-how, QpiAI is offering impactful advances to generative AI and varied trade verticals.

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Contact electronic mail: information@qpiai.tech

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