QpiAI
Category: AI Infrastructure
An integrated platform delivering AI and quantum computing solutions for enterprise and industrial applications. QpiAI was founded in 2019. The company is led by Dr. Nagendra Nagaraja. Based in Bangalore, India. Team size: 25-100. Total funding raised: $6.5 million. Latest round: Series A, $32.0M, 2025-07, led by Avataar Ventures. Key investors include YourNest, SIDBI Venture Capital, We Founder Circle.
- Founded
- 2019
- Headquarters
- Bangalore, India
- Team size
- 25-100
- Total funding
- $6.5 million
Value proposition
Provides vertically integrated quantum hardware and software with generative AI to accelerate complex digital simulations and solve enterprise problems beyond the scope of classical computing.
Products and solutions
Quantum-HPC hybrid computing infrastructure, 25-qubit superconducting quantum computers, 64-qubit quantum computers (upcoming), Quantum Compute as a Service (QCaaS) platform
Unique value
One of India's first companies to commercially develop and manufacture both quantum hardware and software, integrating it with generative AI.
Target customer
Enterprises in pharma, chemicals, manufacturing, logistics, finance, life sciences, and automotive sectors, as well as government organizations.
Industries served
Pharmaceuticals, Chemicals, Manufacturing, Logistics, Finance, Automotive, Life Sciences
Technology advantage
Full-stack control over proprietary quantum hardware and software, a profitable business model in a deep-tech sector, and alignment with India's national quantum mission.
How they differentiate
Focuses on a vertically integrated hardware-software stack with a specific emphasis on combining generative AI for enterprise workflows, coupled with a strong manufacturing and strategic focus in India.
Main competitors
Quantinuum, IBM Quantum, Rigetti Computing, Graphcore, 1QBit
Key partnerships
SIDBI Venture Capital, Yournest, AWS Marketplace
Notable customers
Indian government agencies
Major milestones
Closed $6.5 million Pre-Series A funding (June 2024), Launched a commercial 25-qubit superconducting quantum system, Selected as one of the 8 startups under the National Quantum Mission, Reportedly achieved profitability for three consecutive years
Growth metrics
Reportedly profitable at the EBITDA level for the past three years with ~60% gross margins. Has around 20 customers.
Market positioning
A leading commercial quantum computing and generative AI integration player in India, with ambitions for global market penetration.
Geographic focus
India, USA
Patents and IP
Not publicly disclosed.
About Dr. Nagendra Nagaraja
Dr. Nagendra Nagaraja has extensive experience in the tech industry, particularly in AI and quantum computing. He is the Founder and CEO of QpiAI, a company he established in 2019. Before QpiAI, he was a key figure at several other technology companies, including being the Founder and a board member at AlphaICs. His career also includes significant roles at major tech corporations like Nvidia and Qualcomm, where he contributed to advancements in AI and wireless technologies. His work reflects a deep commitment to driving innovation in high-tech fields, from semiconductors to quantum physics.
Official website: https://qpiai.tech