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

QpiAI, an Indian startup specializing in integrating AI with quantum computing for enterprise applications, has secured $32 million in a Series A funding round co-led by the Indian government under its $750 million National Quantum Mission and Avataar Ventures. Valued at $162 million post-money, this investment underscores India’s strategic push to become a global quantum computing leader. The National Quantum Mission, launched in 2023, targets the development of intermediate-scale quantum computers (50–1,000 qubits) and related quantum technologies such as satellite-based quantum communications and quantum materials over the next eight years. QpiAI, one of eight startups selected for government grants, has developed India’s first full-stack quantum computer, QpiAI-Indus, featuring 25 superconducting qubits, and integrates AI to enhance quantum chip design and error correction. Founded in 2019 and headquartered in Bengaluru with subsidiaries in the U.S. and Finland, QpiAI focuses on real-world quantum applications in sectors like