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QpiAI, a pioneer in generative AI and quantum computing, has secured its initial external funding of $6.5 million to develop generative AI and quantum computing products and platforms.
This round should enable the establishment of a foundation for intelligence modeling and intelligence computation through the use of Quantum processors and Generative AI.
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QpiAI's thought leadership in AI and Quantum has been instrumental in the development of technology and infrastructure roadmaps. QpiAI is a multinational corporation with its headquarters located in Bangalore, India, and subsidiaries in the United States and Finland.
Additionally, QpiAI stated that "Quantum computers and AI are the future of all applied technologies in a variety of market segments, including pharma, transport, cybersecurity, and financial." Integrating application software with quantum system software and hardware to facilitate the integration of AI and quantum computation is a fundamental innovation that will have a significant impact.
Dr Nagendra Nagaraja CEO and Founder, QpiAI, said: “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 the 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 for our customers and partners.”
Debraj Banerjee, President, SIDBI Venture and Board of Director of QpiAI, said: “SVCL is very excited to be part of this very important deeptech journey of national importance. Quantum computers will change the world when we commercialize it. The technology is of immense importance for national security and advance computation. Having a home-grown Quantum computer will be very important for our national institutes to further our progress in computation technologies. We are eagerly looking forward to a working 25 qubit machine from QpiAI by Q4 of CY24 /Q1 CY25.”
About QpiAI
Founded in 2019 by Dr Nagendra Nagaraja, QpiAI is a subsidiary of Qpi Technology. QpiAI is well supported by other Qpi Technology subsidiaries, Qpicloud which is pioneering next-gen Quantum and AI cloud computing, and SuperQ which is into next-gen superconductivity-based products such as motors, single-photon detectors, high-temperature qubits
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