Latest news with #NagendraNagaraja
News18
5 days ago
- Business
- News18
QpiAI to partner with Andhra govt over Quantum Valley in Amaravati
Amaravati, Jul 24 (PTI) Andhra Pradesh government on Thursday said QpiAI, a quantum computing company, will partner with the state in its Quantum Valley endeavour. QpiAI has come forward to set up an eight qubit quantum computer in Amaravati, which will host the southern state's Quantum Valley as part of the National Quantum Mission, an official release said. QpiAI founder Nagendra Nagaraja on Thursday met Chief Minister N Chandrababu Naidu, who called on him to work on solutions which would help people and enable students to do research. Further, the CM also requested Nagaraja to establish a centre of excellence, which would further startups, quantum algorithms and the creation of other applications. 'QpiAI is going to partner with the state government's prestigious Quantum Valley in Amaravati. As part of this, QpiAI came forward to set up an advanced eight qubit quantum computer," the release said. The TDP supremo wished for quantum computing to emerge useful in various fields, such as agriculture, making better use of water resources, innovation, deep tech and others, the release added. PTI STH KH Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.
Time of India
18-07-2025
- Business
- Time of India
Bengaluru-based QpiAI raises $32 million by Avataar Ventures and NQM
Bengaluru-based QpiAI, a company specialising in integrated AI and quantum solutions, has raised $32 million in funding. Avataar Ventures and the National Quantum Mission (NQM) led the investment round, with participation from new and existing investors, a TOI report stated. The funding will help QpiAI build more powerful and reliable quantum computers. The company aims to create quantum computers that can solve complex problems in industries like agriculture, drug discovery, and manufacturing. Founded in 2019, QpiAI combines quantum computing and artificial intelligence to address difficult challenges across various sectors. They offer software platforms designed for specific industries, improving simulation, optimization, and data analysis. QpiAI has developed a quantum computer with its own hardware and software, which it uses to create quantum applications for materials science and drug discovery. Explore courses from Top Institutes in Select a Course Category Data Science Data Analytics Product Management healthcare Others Project Management Digital Marketing Technology Degree Public Policy others Data Science Design Thinking Cybersecurity PGDM Management Artificial Intelligence Healthcare MCA Leadership CXO Finance Operations Management MBA Skills you'll gain: Duration: 10 Months IIM Kozhikode CERT-IIMK DABS India Starts on undefined Get Details Skills you'll gain: Duration: 10 Months E&ICT Academy, Indian Institute of Technology Guwahati CERT-IITG Prof Cert in DS & BA with GenAI India Starts on undefined Get Details Skills you'll gain: Duration: 11 Months E&ICT Academy, Indian Institute of Technology Guwahati CERT-IITG Postgraduate Cert in AI and ML India Starts on undefined Get Details Skills you'll gain: Duration: 11 Months IIT Madras CERT-IITM Advanced Cert Prog in AI and ML India Starts on undefined Get Details Skills you'll gain: Duration: 30 Weeks IIM Kozhikode SEPO - IIMK-AI for Senior Executives India Starts on undefined Get Details Dr. Nagendra Nagaraja, the founder of QpiAI, has 25 years of experience in the tech industry, including time at Nvidia and Qualcomm. He recognized the potential of quantum computing to overcome the limitations of traditional computing methods. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Ranked: The Most Stunning Underrated Coastal Getaways in Europe Learn More Undo Dr. Nagaraja said they created "India's most powerful quantum computer with 25 qubits and a roadmap to scale up to 1,000 qubits by 2030." QpiAI plans to increase its workforce to 200–250 employees and is working to launch a 64-qubit machine by late next year. The company is also focused on developing error-corrected logical qubits, which are necessary for commercial applications. Live Events Mohan Kumar, managing partner at Avataar Ventures, said, "We believe quantum has the potential to advance mankind beyond imagination, and India has a unique opportunity to lead this frontier technology. QpiAI demonstrated strong technical and commercial leadership with its functional quantum computing technology and real-world applications at large automotive and life sciences customers. They are on a path to lead the quantum wave for emerging markets with its advanced full-stack technology."
Business Standard
17-07-2025
- Business
- Business Standard
QpiAI raises USD 32 million (INR 279 crore) in Series-A round led by Avataar Ventures and National Quantum Mission
VMPL New Delhi [India], July 17: Dr Nagendra Nagaraja CEO and Founder of QpiAI quoted "We thank our investors who enabled us 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" * 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 Mohan Kumar, Managing Partner at Avataar Ventures further added " We believe Quantum has the potential to advance mankind beyond imagination and India has a unique opportunity to lead this frontier tech. QpiAI has demonstrated a strong technical and commercial leadership with its functional Quantum Computing technology and real-world applications at large automotive and life sciences customers. They are on path to lead the Quantum-wave for the emerging markets with its advanced full-stack technology. We have been inspired by the vision, achievements and capabilities of the QpiAI team led by Dr. Nagendra and are excited to partner with them in their growth journey." Dr Ajai Chowdhry, Chairman of Indian National Quantum Mission further added " NQM is formed with a mission to enable Quantum ecosystem in India. We are 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 grow into large enterprises and position India as a global leader in Quantum technologies. We congratulate Dr Nagendra and his team on this financing round and look forward to them achieving new commercial and technological milestones" About QpiAI QpiAI ( is a Bangalore based deep-tech company pioneering the convergence of Artificial Intelligence and Quantum Computing to solve some of the world's most complex industrial and scientific challenges. QpiAI's vertically integrated stack enables seamless innovation across hardware, software, and applications. The portfolio includes full-stack Quantum Computers (25 Qubit Indus and 8 Qubit QVidya); QpiAI-Explorer, an education platform; QpiAI-Quantum, offering SDKs, compilers, and simulators for quantum development; software products and platforms such as QpiAI-Opt, QpiAI-Pharma, QpiAI-Logistics, QpiAI-Matter, QpiAI- Pro and QpiAI-Agenthive across industries like manufacturing, industrial, transportation, finance, pharma and materials. (ADVERTORIAL DISCLAIMER: The above press release has been provided by VMPL. ANI will not be responsible in any way for the content of the same)
Deccan Herald
17-07-2025
- Business
- Deccan Herald
QpiAI raises USD 32 million (INR 279 crore) in Series-A round led by Avataar Ventures and National Quantum Mission
· 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 globallyDr Nagendra Nagaraja CEO and Founder of QpiAI quoted 'We thank our investors who enabled us 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'.Mohan Kumar, Managing Partner at Avataar Ventures further added ' We believe Quantum has the potential to advance mankind beyond imagination and India has a unique opportunity to lead this frontier tech. QpiAI has demonstrated a strong technical and commercial leadership with its functional Quantum Computing technology and real-world applications at large automotive and life sciences customers. They are on path to lead the Quantum-wave for the emerging markets with its advanced full-stack technology. We have been inspired by the vision, achievements and capabilities of the QpiAI team led by Dr. Nagendra and are excited to partner with them in their growth journey.' .Dr Ajai Chowdhry, Chairman of Indian National Quantum Mission further added ' NQM is formed with a mission to enable Quantum ecosystem in India. We are 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 grow into large enterprises and position India as a global leader in Quantum technologies. We congratulate Dr Nagendra and his team on this financing round and look forward to them achieving new commercial and technological milestones'About QpiAIQpiAI ( is a Bangalore based deep-tech company pioneering the convergence of Artificial Intelligence and Quantum Computing to solve some of the world's most complex industrial and scientific challenges. QpiAI's vertically integrated stack enables seamless innovation across hardware, software, and applications. The portfolio includes full-stack Quantum Computers (25 Qubit Indus and 8 Qubit QVidya); QpiAI-Explorer, an education platform; QpiAI-Quantum, offering SDKs, compilers, and simulators for quantum development; software products and platforms such as QpiAI-Opt, QpiAI-Pharma, QpiAI-Logistics, QpiAI-Matter, QpiAI- Pro and QpiAI-Agenthive across industries like manufacturing, industrial, transportation, finance, pharma and materials.
NDTV
17-07-2025
- Business
- NDTV
QpiAI Raises $32 million (Rs 279 Crore) In Series-A Round Led By Avataar Ventures And National Quantum Mission
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 Dr Nagendra Nagaraja CEO and Founder of QpiAI quoted "We thank our investors who enabled us 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." Mohan Kumar, Managing Partner at Avataar Ventures further added "We believe Quantum has the potential to advance mankind beyond imagination and India has a unique opportunity to lead this frontier tech. QpiAI has demonstrated a strong technical and commercial leadership with its functional Quantum Computing technology and real-world applications at large automotive and life sciences customers. They are on path to lead the Quantum-wave for the emerging markets with its advanced full-stack technology. We have been inspired by the vision, achievements and capabilities of the QpiAI team led by Dr. Nagendra and are excited to partner with them in their growth journey." Dr Ajai Chowdhry, Chairman of Indian National Quantum Mission further added " NQM is formed with a mission to enable Quantum ecosystem in India. We are 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 grow into large enterprises and position India as a global leader in Quantum technologies. We congratulate Dr Nagendra and his team on this financing round and look forward to them achieving new commercial and technological milestones" About QpiAI QpiAI is a Bangalore based deep-tech company pioneering the convergence of Artificial Intelligence and Quantum Computing to solve some of the world's most complex industrial and scientific challenges. QpiAI's vertically integrated stack enables seamless innovation across hardware, software, and applications. The portfolio includes full-stack Quantum Computers (25 Qubit Indus and 8 Qubit QVidya); QpiAI-Explorer, an education platform; QpiAI-Quantum, offering SDKs, compilers, and simulators for quantum development; software products and platforms such as QpiAI-Opt, QpiAI-Pharma, QpiAI-Logistics, QpiAI-Matter, QpiAI- Pro and QpiAI-Agenthive across industries like manufacturing, industrial, transportation, finance, pharma and materials. Disclaimer: The above sponsored content is non-editorial and has been sourced from a third party. NDTV does not guarantee, vouch for or necessarily endorse any of the above content, nor is responsible for it in any manner whatsoever.
