Tech Company Financing Transactions

QpiAI Funding Round

QpiAI secured a $6.5 million Series A funding round on 6/22/2024. Backers included YourNest Venture Capital and private investors.

Transaction Overview

Company Name
QpiAI
Announced On
6/22/2024
Transaction Type
Venture Equity
Amount
$6,500,000
Round
Series A
Investors

YourNest Venture Capital (Lead Investor)

private investors (Bhupinder Singh)

private investors (Kailash Katkar)

private investors (Lakshmee Narayanan)

private investors (Pratap Reddy)

private investors (Ramaswamy Prabhakar)

private investors (Ramesh Radhakrishnan)

private investors (Sanjay Katkar)

Proceeds Purpose
With this funding, the company will be implementing full stack 25 qubit Quantum computers that are scalable from 25 to 1000 physical superconducting qubits with the same infrastructure.

Company Information

Company Status
Private & Independent
Industry
Artificial Intelligence
Mailing Address
Hub 1 SEZ Tower, Karle Town Centre, Karle Infra SEZ, Nagavar
Bangalore, Karnataka, 560045
India
Phone
Undisclosed
Website
www.qpiai.tech
Email Address
[email protected]
Overview
At QpiAITM, we are leading effort in discovering most optimal AI and Quantum systems in Life sciences, Healthcare, Transportation, Finance, Industrial, Space technologies and deploying them at the speed of light. QpiAI is a subsidiary of Qpi Technology. QpiAI is well supported by other Qpi Technology subsidiaries, Qpicloud which is pioneering next gen Quantum and AI cloud computing and SuperQ which is into next gen superconductivity based products such as motors, single photon detectors, high temperature qubits, material discovery using Quantum and AI based discovery engine.
Profile
QpiAI LinkedIn Company Profile
Social Media
QpiAI Company Twitter Account
Company News
QpiAI News
Facebook
QpiAI on Facebook
YouTube
QpiAI on YouTube

Management Team

Title
Name
Email & Social
Chief Executive Officer
Nagendra Nagaraja
  Nagendra Nagaraja LinkedIn Profile  Nagendra Nagaraja Twitter Account  Nagendra Nagaraja News  Nagendra Nagaraja on Facebook
Chief Technical Officer
Sachin Kumar
  Sachin Kumar LinkedIn Profile  Sachin Kumar Twitter Account  Sachin Kumar News  Sachin Kumar on Facebook
Vice President
Lakshya Priyadarshi
  Lakshya Priyadarshi LinkedIn Profile  Lakshya Priyadarshi Twitter Account  Lakshya Priyadarshi News  Lakshya Priyadarshi on Facebook
VP - Finance
Chandan Sharma
  Chandan Sharma LinkedIn Profile  Chandan Sharma Twitter Account  Chandan Sharma News  Chandan Sharma on Facebook
VP - Operations
Swati Kumari
  Swati Kumari LinkedIn Profile  Swati Kumari Twitter Account  Swati Kumari News  Swati Kumari on Facebook
VP - Product Management
Aswanth K
  Aswanth K LinkedIn Profile  Aswanth K Twitter Account  Aswanth K News  Aswanth K on Facebook
VP - R & D
Manjunath R V
  Manjunath R V LinkedIn Profile  Manjunath R V Twitter Account  Manjunath R V News  Manjunath R V on Facebook

 

 

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Prev: 6/21/2024: Marble Health venture capital transaction
Next: 6/22/2024: BillionToOne venture capital transaction

 

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