QpiAI Raises $32M to Boost AI and Quantum Innovation

Bengaluru-based deeptech company QpiAI has raised $32 million in Series B funding. The funding round was led by Avataar Ventures and NQood, along with unknown sovereign funds and family offices. Meanwhile, this is a monumental step for India’s AI and quantum technology sector.

QpiAI was established in 2019 to build software, hardware, and quantum processors under the guidance of Professor Poornachandra Sarang and Vivek Pandey. The company plans to use the new funding to increase the effect of its global presence and to increase manufacturing capacity.

QpiAI also announced the global launch of QpiAI Pro and QpiAI Quanthr, both enterprise-grade AI and quantum platforms. They also give industrial firms the ability to pursue cost-effective decision-making that is powered by AI.

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With a new facility in Bengaluru and a proposed quantum fabrication facility in Japan, QpiAI hopes to position India as a global hub for advanced AI and quantum computing technologies.