· QpiAI raises $32 million (INR 279 cr) in Series A round led by Avataar Ventures and National Quantum mission of Department of Science and Technology, Government of India. Current investors and additional new investors also participated
· QpiAI has developed a full-stack Quantum Computer with proprietary hardware and software, and has delivered real world Quantum applications in material science and drugs discovery to several global enterprises
· QpiAI team is led by Dr. Nagendra (ex Nvidia, Qualcomm) and consists of over two dozen PhDs from top-tier Quantum research universities in the US and Europe; company has offices in India, Finland and the US The funds will be used to accelerate delivery of its utility scale Quantum computer and expand globally
Bengaluru, NFAPost: In a landmark moment for India’s quantum technology sector, deeptech firm QpiAI has raised USD 32 million (~INR 279 crore) in a Series A funding round co-led by Avataar Ventures and the National Quantum Mission (NQM) — a move that positions QpiAI as a frontrunner in building utility-scale quantum computing systems that seamlessly integrate artificial intelligence (AI) and quantum technologies for real-world enterprise applications.
With this latest capital infusion, Bengaluru-headquartered QpiAI’s post-money valuation now stands at $162 million (~INR 1,392 crore), making it the most well-funded quantum startup in India to date. The round also saw participation from both existing and new investors, reflecting growing confidence in the company’s full-stack quantum strategy and its commercial viability in global markets.
QpiAI CEO and Founder Nagendra Nagaraja said the company thanks its investors who enabled them to take QpiAI to next level.
“We were able to achieve great traction in commercialization of NISQ (Noisy Intermediate State Quantum) computers used for education, research and algorithmic prototyping. Markets are ripe for utility scale Quantum computers with logical qubits and we are leading efforts towards building full stack utility scale Quantum computers,” said QpiAI CEO and Founder Nagendra Nagaraja.
QpiAI has already developed and launched India’s first full-stack quantum computer, named QpiAI-Indus, which boasts 25 superconducting qubits. Launched in April 2025, the system is already operational for clients in automotive simulation, materials science, and pharmaceutical research.
Unlike companies that focus on discrete layers of the quantum stack, QpiAI has built a vertically integrated system — including its own quantum chipsets, control electronics, cryogenic infrastructure, quantum software stack (SDKs, compilers, simulators), and industry-specific platforms like QpiAI Pharma, QpiAI Logistics, and QpiAI Matter.
QpiAI Series A funding will accelerate QpiAI’s roadmap to utility-scale systems, starting with a 64-qubit machine launching in November 2025, and further scaling to 128, 256, and 1,000+ qubits by 2030. The company aims to demonstrate India’s first logical qubit by 2026, a milestone toward error-corrected quantum computing capable of outperforming classical machines.
To meet growing demand, the company is launching a 10-acre quantum computing park in Bengaluru’s Devanahalli and a new R&D centre near the Mall of Asia. The facilities will scale manufacturing from lab-scale demos to bulk enterprise-grade deployments.
QpiAI already has 20+ enterprise customers, including Indian government agencies, automotive firms, and pharmaceutical companies, and is exploring partnerships with US federal clients and European system integrators.
As global tech giants like Google, IBM, and Amazon pursue quantum supremacy, QpiAI offers an agile, cost-effective, and sovereign alternative, one deeply embedded in India’s strategic tech roadmap.
