Indore Investment:New events of financing!Indian quantitative subsidiaries received nearly 50 million yuan financing

New events of financing!Indian quantitative subsidiaries received nearly 50 million yuan financing

On June 21, the Indian quantum computing software algorithm startup QPIAI completed a Pre-A round of financing of $ 6.5 million (about 47 million yuan).QPIAI focuses on algorithms in the field of AI and quantum. This financing is the company’s first external financing.Indore Investment

This round of financing was led by Indian Venture Investment Corporation Yournest and SIDBL, a subsidiary of SIDBL, a small company in India.Participating in the investment includes Ramaswamyprabhakar, a technical expert and angel investor, Rameshkrishnan, Silicon Valley technical experts and angel investors, the Indian Internet Security Solutions Katkar and Sanjay are the WFC angel investment group, Silicon Valley technical experts and angel investors. Person Office, American InformationThe former chairman and CEO Lakshmeenarayanan of the technology company, CEO Lakshmeenarayann, Bentley (Chief Product Officer), a US software solution provider, Bhupinder Singh, Silicon Valley continuous entrepreneur and angel investor, Pratap Reddy, Indian financial service company Sahasra Capital, and other angel investors.Debraj Banerjee from Sidbi Ventures will join QPIAI’s board of directors as a nominee of Sidbi venture capital.Ramesh Radhakrishnan, the first external investor of QPIAI, as the nominated director of QPI TECHNOLOGY, the holding company of QPIAI, also joined the board of directors.

Figure: The QPIAI team group photo, QPIAI will be used to build quantum computing and generate artificial intelligence products and platforms, including the implementation of a quantum computers with a full stack of 25 quantum bites, and can be used for the same infrastructure.Bit extend to 1,000.QPIAI plans to increase software licenses of software licensed by seven software platforms based on quantum computing and generating artificial intelligence technology (QPIAI-PRO, QPIAI-Explorer, QPIAI-OPT, QPIAI-PHPIARMA, QPIAI-ML, QPIAI-Logistics).income.

Figure: Dr. Nagendra Nagaraja, CEO and founder of QPIAI

QPIAI’s CEO and founder Dr. Nagendra Nagaraja said: "QPIAI’s Pre-A round financing will be recorded as a milestone in the field of deep technology in India.The basis for molding and intelligent computing will allow us to achieve breakthrough innovation in the vertical integration of generating artificial intelligence and quantum computing in enterprises and industrial applications.The Bandol head headquarters shows a 25 quantum bitter computer.Extension to provide quantum computing, that is, service (QCAAS).Calculating infrastructure will innovate us in generating artificial intelligence and quantum software.The field has a huge impact. "

Dr. Nagendra added: "In the B2G field, QPIAI’s ideological leadership in quantum and artificial intelligence has also gained great attractiveness, which helps to develop technology and infrastructure roadmaps. QPIAI is a global company, headquartered in Bangalore, India,There are subsidiaries in the United States and Finland."" "

Dr. MANJUNANANANANANANANANANANAAR., Vice President of QPIAI, said: "Building scalable quantum computers to solve real problems and support our industry vertical fields is a very critical technological development. In QPIAI, we are very happy to have our own quantum computers to further build quantum quantumAnd the AI ​​data team is very happy to have multiple quantum processing units (QPUs) in our diluted refrigerator to ensure that we can achieve high -quality quantum computing infrastructure.The next step of the quantum than the next to 1000 quantum bites. "

Sunilgoyal, the managing director of Yournest, led the financing wheel. He believes: "By investing in QPIAI, we are promoting India to the forefront of quantum computing. This technology may completely change material science, drug discovery, automobiles and manufacturing fieldThe innovation method of QPIAI makes them a key role to release this potential. We are glad to set foot on this exciting journey with DrBangalore Investment. Nagendra and the QPIAI team.

Debraj Banerjee, the president of Sidbiventure Capital Limited and a member of the QPIAI board of directors, led the financing wheel from Sidbi Ventures. He said: "SVCL is very happy to participate in this deep technology journey with important national significance. Quantum computers will change the world during commercialization.Technology is of great significance to national security and advanced computing."" "

Continuous entrepreneur, senior wind investment person and QPIAI member Ramesh Radhakrishnan said: "Quantum computers and artificial intelligence are the future of application technology for many market fields (including pharmaceutical, transportation, network security, finance, etc.).Integration with hardware, which is a collaborative work for artificial intelligence and quantum computing, is a basic innovation with great significance.I am very happy to be able to participate in this wonderful journey.Intelligent and quantum systems, and quickly deployed in these fields.QPIAI is a subsidiary of QPI TECHNOLOGY.QPIAI has received strong support from other QPI Technology subsidiaries. Among them, QPICloud is the pioneer of the next generation quantum and artificial intelligence cloud computing, and SuperQ is committed to developing the next -generation superconducting products, such as motor, single -light sub -detector, high -temperature quantum quantum quantum.Bit, quantum and artificial intelligence discovery engines are found for materials.QPIVOLTA is a high -end battery design and manufacturing company that focuses on the next -generation solid battery based on quantum and artificial intelligence simulation, synthesis and manufacturing technology.

Figure: QPIAI solution page content display

Figure: QPIAI’s existing product architecture reference link [2]

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