AI and Quantum Firm QpiAI Secures Rs 50 Crore Debt Financing

5 Oct 2026, 6:29 pm · 4h ago · 1 min read · YourStory

Amount

Rs 50 Cr

Stage

Debt

Lead

InnoVen Capital

Bengaluru-based quantum computing and artificial intelligence startup QpiAI has secured Rs 50 crore in debt financing from InnoVen Capital India Fund II. According to regulatory filings, QpiAI allotted 5,000 Series B secured non-convertible debentures carrying a 13.85% annual coupon at a face value of Rs 1 lakh each. Approved on August 28, the debt capital will extend runway without diluting equity. QpiAI previously raised $38.5 million in equity funding, including a $32 million Series A round in July 2025 led by Avataar Ventures and the National Quantum Mission to advance its quantum processor foundry roadmap.