India is getting ready for the race to lead the quantum computing and a Bengaluru-based deeptech startup is playing a key role. Meet QpiAI – the company that recently announced the successful completion of a $32 million (approximately Rs 279 crore) Series A funding round, along with Avataar Ventures and the Indian government’s National Quantum Mission (NQM).
What is QpiAI?
QpiAI, which was founded in 2019 by Dr. Nagendra Nagaraja, specialises in integrating artificial intelligence (AI) with quantum computing for various enterprise applications. The company has already demonstrated its capabilities by delivering real-world quantum solutions in critical sectors such as materials science and drug discovery to several global enterprises.
A key milestone for QpiAI, and for India, was the unveiling of QpiAI-Indus in April 2025. This 25-qubit superconducting quantum computer marks India’s first full-stack quantum computing system, combining advanced quantum hardware with scalable control and optimised software.
Future plans for supercomputing push
QpiAI has an aggressive development roadmap. The company aims to introduce a 64-qubit quantum machine (codenamed “Kaveri”) by late 2026 or early 2027, with client access proposed shortly thereafter. Their long-term vision includes scaling up to 1,000 qubits by 2030, with a particular focus on achieving 100 logical qubits, which are considered essential for commercial-scale applications like quantum chemistry simulations and precision medicine.
QpiAI’s team includes over two dozen PhDs from leading quantum research universities globally, with offices in India, Finland, and the US The company also plans to establish local quantum hardware manufacturing by 2026 and expand its global footprint into new markets like Singapore and the Middle East, solidifying India’s position on the world quantum stage. The company has filed numerous patent applications related to its quantum and AI innovations.
QpiAI secures major funding
“NQM was formed to enable a vibrant quantum ecosystem in India. We were an early supporter of QpiAI and are proud of its achievements so far. We are delighted that NQM’s support is helping QpiAI raise funds from global investors and promote the Indian startup ecosystem in quantum technologies. QpiAI represents one of the successes of NQM. We plan to continue to support home-grown product companies like QpiAI to help them expand into large enterprises and position India as global leaders in quantum technologies,” said Dr. Ajai Chowdhry, Chairman of India’s National Quantum Mission.
Dr. Nagendra Nagaraja, CEO and Founder of QpiAI, stated, “We wish to thank our investors who are enabling us to take QpiAI to next level. We have been able to achieve great traction in the commercialisation of NISQ (Noisy Intermediate State Quantum) computers in education, research and algorithmic prototyping. Markets are ripe for utility-scale quantum computers with logical qubits, and we are leading efforts towards building these powerful systems.”
The funding aligns with India’s broader strategic goals for quantum technology. The National Quantum Mission (NQM), launched with a significant $750 million budget, aims to establish a vibrant quantum ecosystem within the country.