QpiAI, an Indian startup, raised $32 million in a funding round co-led by the Indian government to expand its presence and develop quantum computing solutions. The National Quantum Mission, aimed at enhancing India's status in quantum technology, co-led the investment, reflecting a broader push to view quantum technology as an economic and security priority. QpiAI, established in 2019, has created India's first full-stack quantum computer, QpiAI-Indus, with 25 superconducting qubits, and aims to apply quantum computing across various industries including manufacturing, finance, and healthcare.
QpiAI claims to integrate AI and quantum computing for enterprise use cases, aiming to develop utility-scale quantum computers for global markets.
The Indian government's National Quantum Mission co-led QpiAI's $32 million Series A funding round, indicating a significant investment in quantum computing as a national focus.
The National Quantum Mission aims to create intermediate-scale quantum computers with 50-1,000 quantum bits within 8 years, enhancing India's position in this technology.
QpiAI has developed India's first full-stack quantum computer, QpiAI-Indus, featuring 25 superconducting qubits, showcasing their technological advancements in quantum computing.
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