Founder · QpiAI

Nagendra Nagaraja

Founder & CEO & Chairman of QpiAI, a quantum computing company based in Bengaluru.

Founder · CEO & ChairmanBengaluruQuantum Computing
Founded
2019
Bengaluru, India
Raised to date
$37.3M
2 rounds on record
Latest round
Debt (NCDs, 13.85% coupon, maturing Dec
$5.3M · October 2026

About

Nagendra Nagaraja is Founder & CEO & Chairman of QpiAI, a quantum computing company based in Bengaluru, founded in 2019. QpiAI's most recent disclosed round was a Debt (NCDs, 13.85% coupon, maturing Dec of $5.3M in October 2026.

Compiled from StartupFox records · updates as coverage is published

Company

Est. 2019
QpiAI
Quantum Computing · Bengaluru · Active

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

Funding
October 2026Debt (NCDs, 13.85% coupon, maturing Dec 2028)$5.3MInnoVen Capital
July 2025Series A$32MAvataar Ventures (co-lead), National Quantum Mission (co-lead)
Company profile →2 rounds on record

Journey with QpiAI

3 milestones
  1. Apr 2025Milestone

    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.

  2. Nov 2025Milestone

    Unveils Kaveri, a 64-qubit superconducting processor, with commercial availability targeted for late 2026.

  3. Aug 2026Milestone

    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 Chowdhry, chair of the National Quantum Mission's governing board.

Coverage

1 story
Funding · 5 Oct 2026 · 6 min read
QpiAI Borrows ₹50 Crore at 13.85%, Due Two Years Before Its 1,000-Qubit Target

Quick answers

Who is Nagendra Nagaraja?

Nagendra Nagaraja is the Founder & CEO & Chairman of QpiAI, a quantum computing company based in Bengaluru, founded in 2019.

Who founded QpiAI?

StartupFox's company records list Nagendra Nagaraja as Founder & CEO & Chairman of QpiAI.

How much funding has QpiAI raised?

QpiAI has raised $37.3M across 2 disclosed rounds on record. The latest was a Debt (NCDs, 13.85% coupon, maturing Dec of $5.3M in October 2026, with InnoVen Capital.

Where is QpiAI based?

QpiAI is headquartered in Bengaluru, India.

What has StartupFox reported about Nagendra Nagaraja?

StartupFox has published 1 story naming Nagendra Nagaraja; the most recent is “QpiAI Borrows ₹50 Crore at 13.85%, Due Two Years Before Its 1,000-Qubit Target”.

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Sources & updates

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