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Data Center News > Blog > Investments > QpiAI Raises $6.5M in Pre-Series A Funding
Investments

QpiAI Raises $6.5M in Pre-Series A Funding

Last updated: June 23, 2024 8:08 pm
Published June 23, 2024
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Dr Nagendra Nagaraja, Founder, CEO and Chairman of QpiAI (Photograph: Enterprise Wire)

QpiAI, a Bangalore, India-based firm which focuses on quantum computing and generative AI, raised $6.5M in Pre-Collection A funding.

The spherical was led by Yournest and SVCL. WFC, Ramesh Radhakrishnan, Ramaswamy Prabhakar, Kailash Katkar, Sanjay Katkar, Lakshmeenarayanan, Bhupinder Singh, Pratap Reddy, and Sahasra capital additionally participated. Debraj Banerjee from SIDBI ventures can be becoming a member of the board of QpiAI as nominee of SIDBI enterprise capital.

With this funding, the corporate can be implementing full stack 25 qubit Quantum computer systems which can be scalable from 25 to 1000 bodily superconducting qubits with the identical infrastructure.

Led by CEO and Founder Dr. Nagendra Nagaraja, QpiAI is an organization which is integrating Quantum computing and AI vertically to supply options throughout areas like manufacturing, industrial, transportation, finance, pharma and supplies. It has numerous software program platforms and merchandise together with QpiAI-pro, QpiAI-explorer, QpiAI-logistics, QpiAIopt, QpiAIML, QpiAI-pharma and QpiAI-Matter. With its innovation in business grade Quantum computing know-how, QpiAI is offering advances to generative AI and numerous business verticals.

FinSMEs

22/06/2024

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See also  Data Center Load Growth Driving PPL’s Plans
TAGGED: 6.5M, Funding, PreSeries, QpiAI, Raises
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