QpiAI Closes $6.5 Mill Pre-Series A Funding Led by Yournest and SIDBI …
뉴스포커스
0
28
06.24 02:00
BANGALORE, INDIA--(Business Wire / Korea Newswire)--QpiAI, a leader in quantum computing and generative AI, announced its maiden external funding of $6.5 million to build Quantum computing and Generative AI products and platforms.
![QpiAI Top management (Left to Right): Dr Manjunath R V, VP and General Manager, Quantum hardware; Swati Kumari VP of Operations; Dr Nagendra Nagaraja, Founder, CEO and Chairman; Sachin Kumar, VP of AI solutions; Aswanth Krishnan, VP of Software products; Chandan Kar Sharma, VP Finance; Lakshya Priyadarshi, VP of Quantum software; Dr Arpit Jain, Director, AI projects and education (Photo: Business Wire)](http://jinifocus.co.kr/data/editor/2406/0_2s05D67z_aa34858ce8d6e1a61ec9e99d3bb7338f08eb5223.jpg)
QpiAI Top management (Left to Right): Dr Manjunath R V, VP and General Manager, Quantum hardware; Swati Kumari VP of Operations; Dr Nagendra Nagaraja, Founder, CEO and Chairman; Sachin Kumar, VP of AI solutions; Aswanth Krishnan, VP of Software products; Chandan Kar Sharma, VP Finance; Lakshya Priyadarshi, VP of Quantum software; Dr Arpit Jain, Director, AI projects and education (Photo: Business Wire)
Dr Nagendra further 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.”
Dr Manjunath R.V., Vice President for Quantum computers QpiAI, further added, “Building Scalable Quantum computers that can solve real world problems and bolster our industry verticals is a very key technology development. At QpiAI, we are very excited to have our own Quantum computers to further build Quantum and AI data centers. Our team is really happy to have multiple QPUs in our dilution refrigerator to make sure we achieve high quality quantum compute infrastructure. We can’t wait to see the next steps in our roadmap to advance Quantum computers scaling 25 qubits to 1000 qubits.”
Sachin Kumar, Lakshya Priyadarshi and Aswanth Krishnan, who leads software products and solutions on Generative AI and Quantum software, suggested, “In the last 4 years, we were able to commercialize our software platforms and achieve traction across large bluechip enterprise customers. With this funding and with all our 7 software products ready to scale, we envision scaling our software platforms globally. We anticipate a great time ahead for us. There is lot of customer interest to see QpiAI Quantum and AI software platform working on QpiAI Quantum-AI HPC datacenters to implement their next gen applications in pharma, materials, fintech, automotive and manufacturing.”
Sunil Goyal MD, Yournest who led the funding round, further added, “By investing in QpiAI, we‘re helping to propel India to the leading edge of quantum computing. This technology has the potential to revolutionize fields like materials science, drug discovery, automotive, and manufacturing. QpiAI’s innovative approach makes them a key player in unlocking this potential, and we're thrilled to join Dr. Nagendra and the QpiAI team on this exciting journey.”
Debraj Banerjee, President at SIDBI Venture capital and Board of Director of QpiAI who led the funding round from SIDBI ventures, further added, “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.”
Ramesh Radhakrishnan, a very successful serial entrepreneur, a veteran VC and Board of Director at QpiAI, further added, “Quantum computers and AI are the future for all applied technologies in many different market segments including pharma, transport, cybersecurity, and financial among others. Integrating Application software with Quantum System software and hardware to make AI and Quantum computing work together is a fundamental innovation whose significance is going to be enormous. With centers in the US and Finland, QpiAI is well positioned to scale Quantum and AI technologies and address markets globally. I am very excited to be a part of this wonderful journey.”
About QpiAI
QpiAI (https://www.qpiai.tech) is a world leader in AI and Quantum computing. QpiAI is integrating Quantum computing and AI vertically to offer solutions to areas like manufacturing, industrial, transportation, finance, pharma and materials. It has various software platforms and products including QpiAI-pro, QpiAI-explorer, QpiAI-logistics, QpiAIopt, QpiAIML, QpiAI-pharma and QpiAI-Matter. With its innovation in commercial grade Quantum computing technology, QpiAI is providing impactful advances to generative AI and various industry verticals.
View source version on businesswire.com: https://www.businesswire.com/news/home/20240621533638/en/
Website: https://www.qpiai.tech/
View Korean version of this release