QpiaaiAn Indian startup that claims to integrate AI and quantum computing for cases of enterprise use has raised $ 32 million in a new funding round co-co -med by the Government of India, as the company aims to expand its presence and develop utility-circle quantum computers for markets around the world.
The $ 750 million National Quantum Mission of the Government of India has co-detailed the $ 162 million money valuation, Avatar Ventures as well as QPIAI’s all-equity series A round.
Funding reflects India’s widespread push to establish itself as a quantum computing power. Launched in 2023, National quantity mission There is an initiative of the Government of India that sees quantum computing both as an economic opportunity and national security. The program aims to help develop quantum computers on intermediate-prime with 50–1,000 physical qubery within eight years in platforms, including superconducting and photonics. It targets the development of satellite-based quantum communication, inter-city quantum distribution, multi-node quantum network, magnetometer, and quantum material design and synthesis, including superconductors, semiconductor structures, and topological materials for quantum device manufacture.
Qpiaai is One of eight startups Choose by the National Quantum Mission, each receives an initial grant of up to $ 3.5 million. Among these companies, Bangalore-Circumstances Startups, which have assistant companies in the US and Finland, say that it has manufactured India’s first full-stack quantum computer, which is called called Qpiai-idusWhich was launched in April with 25 superconducting qualities.
Established in 2019, Qpiaai says it integrates quantum computing and AI to provide adaptability in areas such as manufacturing, industrial, transport, finance, pharma and materials. Startup says it has developed special software to support real-world quantum applications in areas such as material science and drug discovery, along with its ownership hardware.
“Quantum can actually make sure that the AI is strong,” said Nagendra Nagaraja, founder and CEO of QPIAI in an interview.
Startup simulation, drug synthesis and the discovery of materials as some major use cases where the combination of AI and quantum can provide a competitive edge.
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“Because the design space of a quantum chip is very, very large, and to receive the optimal Quality, which is important when we integrate thousands of quints, to get logical Qubles for error improvement, AI plays a big role,” Nagaraja told Tekkachch.
Nagaraja said that QPIAI plans to launch its 64-quit quantum computer in November, with Nagaraja said with the availability of customers till the second or third quarter of next year.
The company is also working to start construction of its quantum hardware locally in 2026. Currently, it collects 80% of in-house of its machines.
QPIAI appoints a 100-person team, which includes 25 PhDs from international institutions or from Indian institutions. About 50 of its employees are located in India. The company says that there are about 20 customers in India and the US, including the Government of India, which uses its infrastructure to test the algorithm.
According to the company, Qpiaai is profitable at the Ebitda level for the last three years, with about 60% gross margin and 20% to 30% pure margin, Nagaraja told Techcrunch.
With fresh wealth, QPIAI plans to enter new markets including Singapore and Middle East. It aims to allocate funds for its local manufacturing plans and score its operation to develop 100-logical quit systems by 2030.
In June last year, Qpiaai raised $ 6.5 million in the pre-series, led by yournest and SVCL at a time of about 30 million dollars of money valuation.
Nagaraja told Techcrunch that QPIAI has three to four years of runway, even without accounting for its profitability. He also said that the startup is considering an initial public offering in 2026 or 2027.
The National Quantum Mission is beyond QPIAI. The Government of India is also supporting startups such as QNU Labs (working on quantum-saff network), Dimira Technologies (Cryogenic Cable), French (Diodes-Laser System), and Quriarate (Optical Atomic Watches). It has also supported Quanastra (cryogenic system and superconducting detector), Pristin Diamonds (Diamond-based Sensing Material), and Quan 2D Technologies (Single-Foton Detector for Quantum Communications).
Ajai Chaudhary, president of India’s National Quantum Mission, said, “We are planning to continue supporting domestic product companies like QPIAI to help them expand into large enterprises and as global leaders of India as global leaders of India,” said Ajai Chaudhary, president of the National Quantum Mission of India.
