The company has built India's first full-stack quantum computer, called QpiAI-Indus, launched in April 2025 with 25 superconducting qubits. QpiAI has achieved breakthroughs in integrating quantum computing and AI to accelerate digital simulation, achieving up to 96x faster simulations while reducing compute requirements by 10x. The company achieved a post-money valuation of $162 million in its Series A round co-led by the Indian government's National Quantum Mission and Avataar Ventures.
Cyborg Score Rationale
QpiAI has been profitable at EBITDA level for the past three years with approximately 60% gross margins and 20-30% net margins. The company benefits from significant government backing and has demonstrated technical leadership in quantum-AI integration with clear commercialization pathways and established customer base.
Top Insights
Targeting Rs 100 crore (over USD 12 million) in revenue by 2026 while planning to more than double workforce to 250, including over 60 PhDs.
Planning to launch 64-qubit quantum computer in November with local manufacturing beginning in 2026.
Company has around 20 customers in India and the U.S., including the Indian government which uses its infrastructure to test algorithms.
Partnership with L&T-Cloudfiniti to deliver Quantum Computing as a Service leveraging advanced hardware and cloud infrastructure for finance, healthcare, and logistics sectors.
Named Competitors
Infleqtion — Quantum computing platform and services
Blaize — AI infrastructure and edge computing
SenseTime — Generative AI and deep learning platform
Recent Developments
(February 2026) L&T-Cloudfiniti partnership to accelerate quantum computing adoption globally with QCAAS offering
(January 2026) Deployment at IIIT Dharwad with data center and chip foundry expansion plans
(November 2025) 64-qubit Kaveri quantum chip release with government incentives
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