QpiAI is a Bengaluru quantum computing and AI company founded in 2019 by Nagendra Nagaraja, building superconducting quantum computers, their control and software stack, and AI tools for applications across drug discovery, manufacturing, finance and materials science. In April 2025 it launched QpiAI-Indus, a 25-qubit system described as India's first full-stack superconducting quantum computer, under the National Quantum Mission, and it has since fabricated a 64-qubit processor, Kaveri, an eight-qubit education system, QVidya, and a nine-qubit processor, Yukti, based on its own variation of fl
1StartupFox story
2019Founded
Quantum ComputingSector
Oct 2026Latest coverage
Funding
QpiAI has raised $37M across 2 disclosed rounds, most recently a Debt (NCDs, 13.85% coupon, maturing Dec in October 2026.
$37MRaised
Debt (NCDs, 13.85% coupon, maturing Dec Latest round · October 2026
2Events
Chart appears once 1 more funding round is recorded — below that a chart shows less than the table does.
October 2026Debt (NCDs, 13.85% coupon, maturing Dec $5.3MInnoVen Capital
July 2025Series A$32MAvataar Ventures (co-lead), National Quantum Mission (co-lead)
Investor roster
Every disclosed backer and how often they've written a cheque — repeat names are the strongest conviction signal on the cap table.
New · Latest leadInnoVen Capital1 round · 2026
Avataar Ventures (co-lead)1 round · 2025
National Quantum Mission (co-lead)1 round · 2025
Aggregated automatically from the disclosed rounds above.
Financials
Revenue and profit after tax as filed with the Registrar of Companies.
Launches QpiAI-Indus on World Quantum Day, a 25-qubit superconducting system described as India's first full-stack quantum computer, developed under the National Quantum Mission. ↗
July 2025 · funding
Series A — $32M, led by Avataar Ventures (co-lead).
Nov 2025 · milestone
Unveils Kaveri, a 64-qubit superconducting processor, with commercial availability targeted for late 2026. ↗
Aug 2026 · milestone
Opens its own quantum chip foundry in Bengaluru covering lithography, etching, patterning, assembly and packaging, after an investment of $20 million to $25 million, with a further $10 million to $15 million planned. Inaugurated by Ajai Cho ↗
October 2026 · funding
Debt (NCDs, 13.85% coupon, maturing Dec — $5.3M, led by InnoVen Capital.
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QpiAI is a Bengaluru quantum computing and AI company founded in 2019 by Nagendra Nagaraja, building superconducting quantum computers, their control and software stack, and AI tools for applications across drug discovery, manufacturing, finance and materials science. In April 2025 it launched QpiAI-Indus, a 25-qubit system described as India's first full-stack superconducting quantum computer, under the National Quantum Mission, and it has since fabricated a 64-qubit processor, Kaveri, an eight-qubit education system, QVidya, and a nine-qubit processor, Yukti, based on its own variation of fl
Who founded QpiAI?
Nagendra Nagaraja is the founder or leader of QpiAI on record at StartupFox.
How much funding has QpiAI raised?
QpiAI has raised $37M across 2 disclosed rounds. The most recent was a $5.3M Debt (NCDs, 13.85% coupon, maturing Dec in October 2026.
Who are QpiAI's investors?
Disclosed investors in QpiAI include InnoVen Capital, Avataar Ventures (co-lead), National Quantum Mission (co-lead).
Is QpiAI profitable?
Per its FY25 standalone filing, QpiAI reported ₹2 Cr in revenue, with a ₹17 Cr loss.
What is the latest news on QpiAI?
The most recent StartupFox coverage is “QpiAI Borrows ₹50 Crore at 13.85%, Due Two Years Before Its 1,000-Qubit Target” (5 October 2026). All stories are listed on this page.
Sources & updates
This profile is compiled by the StartupFox desk from company announcements, regulatory and exchange filings (RoC/MCA, NSE/BSE) and our own reporting. 0 of 2 funding rounds link to a named source.
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