Top Quantum Technology Startups In India

“If you think you understand quantum mechanics, then you don’t understand quantum mechanics”. 

                                                                                                               – Richard Feynman (An American physicist)

Quantum Technology & Its Use 

Quantum theory says that all matter and energy are made up of tiny particles called quanta. Long-term goals of quantum information technology research include developing methods for controlling and manipulating quantum systems in order to extend information processing beyond the capabilities of the classical world.

The usage of quantum concepts in engineering to solve difficult technicalities in computers, communications, sensing, chemistry, encryption, imaging, and mechanical issues will be quite common in the future. For example, the quantum computer can do things that even the most sophisticated supercomputers cannot.

Future of Quantum Technology 

The adoption of quantum technologies across industries has the potential to add $280-$310 billion in value to the Indian economy by 2030, according to a report by the IT industry body Nasscom. Quince Market Insights estimates that the global market for quantum computing, which had a value of $487.4 million in 2021, will increase to $3.7 billion by 2030, with a CAGR of 25.40 %.

Indian Govt Support for Quantum Technology 

The Indian government announced to invest ₹8,000 crores ($1.12 billion) in quantum computing research over five years. The country’s finance minister, Nirmala Sitharaman, said the scheme will boost the research for technology under the National Mission of Quantum Technology and Application project.

The startups listed below (in no particular order) are leading the quantum computer race in India-

1. QpiAI Tech
2. Quantica Computacao
3. Taqbit Labs
4. QuNu Labs
5. BosonQ Psi
6. QRDlab

1. QpiAI Tech

Q for Quantum, π for human Ingenuity, AI for Artificial Intelligence :  This Bengaluru-based QpiAI, founded by Nagendra Nagaraja, is integrating quantum computing and AI vertically.

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.

The startup claims to be able to construct an entire hardware stack based on three-chip solutions:-

• Bumblebee, a scalable cryogenic control chip;
• Trion, a quantum processing unit;
• A scalable spin-qubit based QPU (quantum processing unit).

WHY QpiAI ?

QpiAI is an AI discovery and deployment platform that simplifies AI and enables AI to be deployed at a petascale like never before. QpiAI provides platform to enable this progress by simplifying AI and Quantum compute.

QpiAI Tech has many software platforms and products, including QpiAI-explorer, QpiAI-pro, QpiAIsim, QpiAIML, QpiAIopt, and QpiAI-logistics. Its platforms currently run on CPUs and GPUs to provide hybrid classical computing solutions in order to improve performance in optimization workloads.

2. Quantica Computacao

Quantica Computacao works in the quantum computing space and is developing a quantum computing platform. Their primary objective is to develop software technologies to utilise future quantum computer technology.

Their software tools will help the banking and financial institutions in the country to develop Quantum proof tools and techniques to facilitate data security and and encryption, Quantum Machine Learning tools for investment banking and stock exchange, Quantum Simulation Algorithms for pharmaceutical companies to develop new and effective drugs.

Products:

Alchemy (Quantum Virtual Simulator): They are developing a state of the art quantum virtual simulator to compile and run different quantum capable software tools. This platform will enable the researchers and industries to optimise different algorithms.

3. Taqbit Labs

In 2018, this Bengaluru-based startup founded by Animesh Aaryan, Sugata Sarkar, and Sreeram Sreekrishna offers solution in deep technology area of Quantum Key Distribution.

Products : 

QKD ( Quantum Key Distribution ) :

TAQBIT has won National Tender From DRDO. Taqbit’s goal is to improve data communication and security by integrating modern quantum technology into existing infrastructure. It provides solutions in areas including manufacturing, aerospace, defence, and the financial and healthcare sectors.

5. BosonQ Psi

Startup Name	BosonQ Psi
Legal Name	BosonQ Psi Private Limited
Founders	Abhishek Chopra, Rut Lineswala, Jash Minocha
Start Year	2020
Funding	$ 600K Pre-SEED
Investors	Abhay Tandon, Anand Reddy, Vijay Sethi, Chandan Chowdhury, 3to1 Capital
No. Of Employees	21 to 40
Contacts	leadership@bosonqpsi.com,
Head Office	Bhilai, Chhattisgarh, India
Official Website	https://www.bosonqpsi.com/

 

BosonQ Psi is a software venture that leverages the power of Quantum computing to perform simulations. BosonQ Psi makes enterprise SaaS-based engineering simulation software that takes advantage of the power of Quantum computing.

Product :

BQPhy :-

• BosonQ Psi is now developing the world’s first Quantum-powered engineering simulation software called BQPhy. This software is equipped with high accuracy CAE solvers developed from the ground up by domain experts to deliver the Quantum advantage
• Companies in the automotive, aerospace, and manufacturing industries could use this software to improve their time-to-market and product quality.

Funding :

BosonQ Psi has raised USD 525,000 in the pre-seed funding round. The funding round was led by 3TO1 Capital and saw participation from India and US-based angel investors like Abhay Tandon, Vijay Sethi, Chandan Chowdhury and others.

The startup will use the funds to accelerate product development and expand in Asia, North America, and Europe in response to growing demand.

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