QpiAI, a quantum computing and generative AI-based technology startup from India has now shut down its first external funding round. Authored by Yournest and SIDBI Venture Capital, the pre-series A funding value is $6.5 million.
Quantum Computing Advancements
With this investment, QpiAI plans to deploy full-stack, 25-qubit quantum computers that are scalable to up to 1,000 physical superconducting qubits. These quantum machines will also come with the same architecture, which would unlock new terrain in intelligence modeling and computation.
Image Source: QpiAI
Generative QpiAI Platforms
Some of the software platforms that generate revenue for QpiAI are QpiAI-pro, QpiAI-explorer, QpiAI-opt, QpiAI-pharma, QpiAI-ML, QpiAI-logistics, and QpiAI-matter. These platforms utilize quantum computing and generative AI technologies in sectors such as pharmaceuticals, materials & chemicals, cosmetics, automotive, consumer finance, and manufacturing.
Global Impact
QpiAI’s solutions are being adopted by Fortune 500 companies globally. Specifically, the concept of vertical integration of generative AI and quantum computing highlighted by the startup may lead to revolutionary transformations of enterprises and industries.
Image Source: HPC Wire
Notable Board Nominees
Debraj Banerjee from SIDBI Ventures now sits on the board of QpiAI as a nominee for the SIDBI Venture Capital. Ramesh Radhakrishnan is the first outside investor in QpiAI who also became the nominee director of Qpi Technology, the parent company of QpiAI.
The CEO and Founder of QpiAI, Dr. Nagendra Nagaraja said, “The pre-series A round of QpiAI will be remembered as a landmark funding round in Indian Deeptech. This round should allow us to lay a foundation of intelligence modelling and intelligence compute via Quantum computers and Generative AI. This funding will enable us to achieve breakthrough innovation in vertical integration of Generative AI and Quantum computing in enterprise and industrial applications. We will also be demonstrating 25 Qubit Quantum computers in our Bangalore HQ by Q4 CY2024/ Q1 CY 2025. With integration of HPC built out of our lab infra and integration all our 7 Quantum and Generative AI platforms we will have prototype of Quantum-HPC QpiAI datacenter, this can be scaled further to offer QCaaS (Quantum Compute as a Service). There is also good traction with our current customers to provide Quantum-HPC solutions with our software and compute infra. A very advanced Compute infra with Quantum capability that we will be deploying with this funding will allow us to innovate in Generative AI and Quantum software. QpiAI Quantum and AI stack, including hardware and software, will have tremendous impact on pharma, non-energy transition materials, chemicals, manufacturing, logistics and finance.”
He added, “There is also tremendous traction in the B2G segment with QpiAI thought leadership in Quantum and AI that has helped shape technology and infrastructure roadmaps. QpiAI is a Global company with its HQ in Bangalore, India and subsidiaries in US and Finland. As we work with Global enterprises and Governments including the US, Europe, Japan, the Middle East and Southeast Asia, we will be expanding our presence in these regions to create value to our customers and partners.”
Practical applications of QpiAI’s generative AI platforms
QpiAI is the leading company in the sphere of quantum computing and generative AI with handy solutions available within its software platforms. QpiAI-pro focuses on quantum computing and generative AI for intelligence modeling, optimization, and decision-making in the cross-functional area. QpiAI-explorer being exploratory, helps researchers and engineers to discover new solutions in materials science, chemistry, and other disciplines. QpiAI-logistics employs artificial intelligence to manage supply chain logistics, routing, and inventory.
QpiAI-opt helps in coming up with high-quality solutions to hard problems involving resources, time, or costs. QpiAI-ML improves the current machine learning model through the adoption of quantum computing approaches to accelerate the training process and improve accuracy. QpiAI-pharma enhances drug discovery and molecular simulations, which can transform pharmaceutical science in the future most effectively. QpiAI-matter can be used to design, characterize, and predict the properties of a material, thus being suitable for the manufacturing and electronics sectors.
Conclusion
The journey of QpiAI is a sign of a turning point in the Indian deep tech industry, thus creating a link between quantum computation and artificial intelligence. The QpiAI platforms enable enterprises, and businesses from the list including Fortune 500 and more across manufacturing, finance, pharma, and more. QpiAI’s vision focuses on how generative AI and quantum computing can be integrated and applied for significant improvements in industrial processes.
