QpiAI raises ₹50 crore debt funding from InnoVen Capital

Quantum computing startup QpiAI secured ₹50 crore from InnoVen Capital via 5,000 NCDs at 13.85% interest, maturing December 2028. Founded in 2019, the Bengaluru firm previously raised $32 million in Series A, valuing it at ₹2,050 crore. QpiAI operates a 25-qubit computer and targets 1,000 qubits by 2030.