India eyes global quantum computer push — and QpiAI is its chosen vehicle

Qpiai, an Indian startup claiming to integrate artificial intelligence and quantum computing of institutions use, has collected $ 32 million in a new financing round led by the Indian government as the company aims to expand its presence and develop quantitative computers on the benefit of markets all over the world.

The national task of 750 million dollars, the All-ELL-ALL-ADEAL chain, which is led by QPIA, along with Avataar Ventures, has evaluated the post-$ 162 million money assessment.

Funding reflects the broader India batch to establish itself as a quantitative computing power. It was launched in 2023, which is the task of the quantity of patriotism is an Indian government initiative that considers quantum computing as an economic and necessary opportunity for national security. The program aims to help develop intermediary computers with 50-1000 Qubits within 8 years via platforms including superb and gap. It is also aimed at developing satellite -based quantum communications, quantum distribution between cities, multifunction quantum networks, magnetic standards, design and synthesis of quantum materials, including super connections, semiconductor structures, and topological materials for the manufacture of the quantum system.

Qpiai is one of the eight startups chosen in the national quantitative mission, each of which receives a preliminary grant of up to $ 3.5 million. Among these companies, Bengaluru, which is based in Bangaluru, which includes branches in the United States and Finland, says it built the first full quantum computer in India, which is called QPIA-INDUS, which it launched in April with 25 superconditions.

Qpiai was founded in 2019, it merges quantum computing and Amnesty International to provide improvement capabilities in areas such as manufacturing, transportation, financing, medicines, and materials. The startup says it has developed specialized programs, as well as its royal devices, to support quantum applications in the real world in areas such as material science and drug discovery.

“The quantity can really be sure that artificial intelligence is strong,” said Qpiai founder and CEO of Qpiai Nagendra Nagaraja.

You see the startup of the simulator and synthesis of drugs and the discovery of substances like some of the main cases of use as a mixture of artificial intelligence and the government can provide a competitive advantage.

“Because the quantum slice design space is very large, and to get the optimum Qubits, which is important when thousands of Qubes merge to get the logical Qubits to correct the error, artificial intelligence plays a greater role there.”

Nagraraja said that QPIEI plans to launch a 64 -km quantum computer in November, with the availability of expected customers in the second or third quarter of next year.

The company is also working to start the manufacture of its quantum devices locally in 2026. Currently, it collects 80 % of its devices at home.

Qpiai employs a team of 100 people, with 25 degrees of doctorate from international institutions or from Indian institutes. About 50 of its employees is based in India. The company says it has about 20 agents in India and the United States, including the Indian government, which uses its infrastructure to test algorithms.

According to the company, Qpiai has been profitable at the level of profits before benefits, taxes, depreciation and consumption over the past three years, with about 60 % of the total margins and 20 % to 30 % of clear margins.

With new financing, Qpiai plans to enter new markets including Singapore and the Middle East. It also aims to allocate funds for local manufacturing plans and expand its operations to develop the Qube 100 Logali system by 2030.

In June of last year, Qpiai raised $ 6.5 million in the pre -chain tour led by YouNest and SVCL with post -money rating about $ 30 million.

He told Nagaraja Techcrunch that Qpiai has a three to four -year runway, even without calculating his profit. He also said that the startup was considering a preliminary general offer in 2026 or 2027.

Supporting the quantitative national mission extends beyond QPIAI. The Indian government program also supports emerging companies such as QNULABS (working on safe quantitative networks), Dimira Technologies, PrenishQ (Laser Diode systems), and QUPRAOG (optical atomic watches). QUANASTRA (refrigerated systems and super delivery detectors) has also been supported, virgin diamonds (diamond -based sensors), and Quan2D techniques (one photon detectors for quantitative communication).

“We are planning to continue supporting local products such as Qpiai to help them expand large companies and put India as global leaders in quantum technologies,” said Ajay Chaudhry, head of the national mission in India.