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National Quantum Mission

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uuid000a6yh

Namestring
National Quantum Mission
Legal namestring
National Quantum Mission
Websiteurl
dst.gov.in
Company typeenum
Private
Founded yearint
2023
Descriptiontext

The National Quantum Mission (NQM) is a Government of India initiative launched in 2023 under the Department of Science & Technology, operating from New Delhi with an approved budget of ₹6,003.65 crore over 8 years. Its mandate is to advance India's technology self-reliance in quantum computing and quantum-secure communications, with stated targets of developing intermediate-scale quantum computers in the 50-1,000 qubit range (including a 1,000-qubit system by 2031) and a 2,500-kilometer quantum-secure communication network by 2031. The mission has progressed from a 7-qubit to a 64-qubit system, established four thematic hubs at leading IITs, and mobilized over 750 scientists and 40+ startups. NQM does not sell commercial products; instead it functions as a sovereign R&D and ecosystem-building program, deploying capital through direct startup investments (QNu Labs Series A, QpiAI funding round), co-invested university infrastructure (Alliance University 8-qubit system in Bengaluru), and planned facilities such as the Quantum Supremacy Center in Devanahalli and Quantum Testbeds in Andhra Pradesh.

Its primary stakeholders are Indian research institutions, quantum technology startups, defense forces, and government agencies, with the Quantum Valley initiative additionally targeting USD 1 billion in foreign and domestic investment by 2029. Chairman Ajai Chowdhry leads the mission, which frames the AI-quantum convergence as a strategic frontier. NQM's technology stack spans superconducting qubit systems, quantum key distribution, and post-quantum cryptography developed by portfolio companies, with applications routed toward defense, aerospace PSUs, enterprise technology users, and India's broader 8,000+ startup ecosystem.

Short descriptiontext

The National Quantum Mission is a ₹6,003.65 crore Government of India initiative under the Department of Science & Technology that funds research, infrastructure, and startups to develop indigenous quantum computing and quantum-secure communications capabilities, serving research institutions, defense agencies, and quantum technology startups.

Operating statusenum
Operating
Ownership categoryenum
akta.pro rankint
HeadquartersNew Delhi, India
HQ citystring
New Delhi
HQ countrystring
India
HQ regionstring
Asia
Markets served

Serves global market

Offices4 records

Each record includes

City, Country, Type, Description, Source

Keyword5 values
quantum computing research, quantum communication networks, deep tech funding, government research grants, quantum key distribution
Industry5 codes
1Quantum Tech Commercialization, IP, Tech Transfer & Venture Research
CodeHDAGAMANPrimaryYes
2Quantum Standards, Testbeds & Open Research Infrastructure
CodeHDAGAMALPrimaryNo
3Quantum Communications, Networking & Quantum Internet Research
CodeHDAGAMAHPrimaryNo
4Quantum Cryptography & Post-Quantum/Quantum-Safe Security Research
CodeHDAGAMAIPrimaryNo
5Quantum Cloud Infrastructure & QPU Hosting
CodeHDAGAIAAPrimaryNo
Product category
Government Quantum Research Programs
GTM motion1 record

Each record includes

Type, Description, Source

Revenue model3 records
1Government funding allocation
TypeSubscription Recurring
Description

₹6,000 crore government-approved budget over 8 years allocated for quantum research, infrastructure development, and startup support

cxotoday.com
2Strategic investment in startups
TypeLicensing Royalties
Description

Government provides strategic investment in private deep tech startups working on quantum technologies - first such investment in quantum communications

economictimes.indiatimes.com
3Foreign and domestic investment attraction
TypeAffiliate Referral
Description

Mission aims to attract USD 1 billion in foreign and domestic investment by 2029 through Quantum Valley initiative

whalesbook.com
Marketing channels2 records

Each record includes

Title, Type, Stage, Description, Source

Distribution channels1 record

Each record includes

Title, Type, Scope, Target buyer, Description, Source

Cost components4 values
Technology or R&D, Personnel, Infrastructure, Operations
GTM typeB2B
B2B
Offering typeServices
Services
Core offering1 text field

The National Quantum Mission funds and develops indigenous quantum computing systems and quantum-secure communication infrastructure in India, supporting research from intermediate-scale (50–1,000 qubit) quantum computers to a 2,500-kilometer quantum-secure network by 2031. It channels funding to research institutions and startups, mobilizes over 750 scientists across four IIT thematic hubs, and makes strategic investments in private deep tech firms working on quantum hardware and cybersecurity.

Differentiator
Functional benefit
Problem solved
Quantifiable outcome1 of 4 values shown
  • Target: 1,000-qubit quantum computer by 2031
+3 more records
Product overview1 text field

The National Quantum Mission is a ₹6,003.65 crore Indian government initiative over 8 years aimed at achieving technology self-reliance in quantum technologies. The mission encompasses quantum testbeds providing access to intermediate-scale quantum computers (50-1,000 qubits), quantum-secure communication networks spanning 2,500 km, and strategic initiatives like 'Quantum Valley' targeting USD 1 billion investment by 2029. The ecosystem includes four thematic hubs at leading IITs, over 750 scientists, and more than 40 startups. Supporting entities like QNu Labs provide quantum key distribution and post-quantum cryptography solutions, while partnerships with companies like QpiAI enable commercial quantum computing access through installations such as India's first 8-qubit superconducting quantum computer and planned Quantum Supremacy Centers.

Product and service7 records
1Quantum Testbeds
CategoryCore Product/Infrastructure
2Quantum Computing Infrastructure
CategoryCore Product/Infrastructure
3Quantum-Secure Communication Network
CategoryCore Product/Infrastructure
4Quantum Valley
CategoryStrategic Initiative
5Quantum Key Distribution (QKD)
CategorySub-product/Module
6Post-Quantum Cryptography
CategorySub-product/Module
7Quantum Supremacy Center
CategoryPlanned Infrastructure
Scale indicator7 records

Each record includes

Type, Value, Description, Source

Partnership1 partner
Strategic tierMajorTypeStrategic or Co-development PartnerAnnounced on2026-02-13
Description

QpiAI partnered with Alliance University for a 50:50 co-investment to install India's first commercially available 8-qubit superconducting quantum computing system at Alliance University's Electronics City campus in Bengaluru. The center is expected to serve as a quantum computing hub for technology companies, defense PSUs, and India's startup ecosystem.

Recent move6 records

Each record includes

Date, Type, Title, Description, Source

Expansion highlight6 records

Each record includes

Type, Description

Peers10 records
1U.S. National Quantum Initiative
TypeDirect peer
Description

The US federal quantum R&D program established by the National Quantum Initiative Act. Directly comparable to NQM as a national-level, government-funded mission to coordinate quantum computing, networking, and workforce programs — though with significantly larger appropriated funding.

TypeDirect peer
Description

A long-running UK government-funded program coordinating quantum hubs, testbeds, and commercialization across universities and industry. Most directly analogous to NQM in mission scope (computing + communications + standards + commercialization), and a natural bilateral partner.

TypeDirect peer
Description

A €1B, 10-year European Commission initiative covering quantum computing, communication, simulation, and sensing R&D. Comparable to NQM as a multi-domain national/supranational quantum mission with funding hubs, testbeds, and explicit industrialization targets.

TypeDirect peer
Description

Australia's national quantum strategy covering research, commercialization, and standards with explicit sovereign-capability framing. Similar government-led, multi-stakeholder model; useful peer for assessing strategy design and commercialization paths.

5China's National Laboratory for Quantum Information Science
TypeDirect peer
Description

The state-backed Chinese quantum R&D hub — though regional-rival rather than collaborator. Provides the strategic yardstick for qubit scale, satellite QKD deployment, and quantum networking that NQM benchmarks itself against.

6Canada's National Quantum Strategy
TypeDirect peer
Description

Canada's federal quantum strategy funding research, talent, and commercialization. Closely comparable in scope to NQM (computing + comms + cryptography), useful as a mid-size peer benchmark for funding mix and ecosystem outcomes.

TypeOthers
Description

An Indian quantum computing startup that received co-investment from NQM as part of a $32M funding round and is the operator behind India's first commercial 8-qubit system. Not a peer of NQM directly — it is a portfolio company — but operationally the closest adjacent entity since NQM's success in computing depends significantly on QpiAI.

TypeOthers
Description

An IIT-Madras incubated quantum cybersecurity startup that received NQM's first strategic deep-tech investment (₹60 crore Series A in 2025) for QKD and post-quantum cryptography. Ecosystem beneficiary rather than peer, but the principal private vehicle for NQM's secure-communications pillar.

TypeBroad incumbent
Description

IBM's quantum division operates the most extensive public quantum hardware fleet and roadmap (Condor 1,121-qubit system) and an open developer ecosystem. A broad incumbent whose qubit count, hardware roadmap, and developer platform set the global benchmark that NQM-funded Indian players must measure against.

TypeBroad incumbent
Description

Google's quantum computing research division, a leader in superconducting qubits and error correction demonstrations. Acts as a global benchmark for NQM's 1,000-qubit ambition and an indirect competitor for talent and scientific credibility in the Indian ecosystem.

Market position
Strengths5 records

Each record includes

Headline, Details, Source

Weaknesses5 records

Each record includes

Headline, Details, Source

Competitive moat4 records

Each record includes

Type, Details

Key risks5 records

Each record includes

Headline, Details, Source

Key highlights7 records

Each record includes

Headline, Details, Source

Customer concentration

Classification, Details

Named customers4 records

Each record includes

Name, Industry, Type, Use case, Source, UUID

Segment3 records

Each record includes

Title, Type, Primary, Description, Pain point addressed, Use case, Source

Ideal customer profile3 records

Each record includes

Profile, Firmographic size, Sales motion, Sales cycle length, Buying structure, Purchase trigger, Buyer persona, Geography, Industry vertical, Primary use case, Description, Pain points, Evidence proof points, Target buyer

Technology focused
Yes
API detail
Has APIbool
No

Docs URL, Description

AI capability2 records

Each record includes

Type, Description, Source

AI maturity
App detail

Has app

Feature5 records

Each record includes

Title, Differentiator, Description, Source

Core technology
Revenue estimate
Valuation estimate
Number of profiles
Profiles1 record

Each record includes

Name, Designation, Designation category, Overview, Profile commentary, Source

No data
No data
Funding overview

Funding stage, Last funding date, Total funding USD

Funding rounds

Each record includes

Round, Amount USD, Date, Pre money valuation, Total investors, Investors, News

Investors

Each record includes

Name, Type, Date of entry, Rounds participated, Website

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Each record includes

Name, Acquisition type, Announced date, Completed date, Status, Website, News

Investment3 records

Each record includes

Name, Round, Announced date, Lead investor, Website, News

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

National Quantum Mission

Government Quantum Research Programsdst.gov.in

The National Quantum Mission is a ₹6,003.65 crore Government of India initiative under the Department of Science & Technology that funds research, infrastructure, and startups to develop indigenous quantum computing and quantum-secure communications capabilities, serving research institutions, defense agencies, and quantum technology startups.

What National Quantum Mission does

The National Quantum Mission (NQM) is a Government of India initiative launched in 2023 under the Department of Science & Technology, operating from New Delhi with an approved budget of ₹6,003.65 crore over 8 years. Its mandate is to advance India's technology self-reliance in quantum computing and quantum-secure communications, with stated targets of developing intermediate-scale quantum computers in the 50-1,000 qubit range (including a 1,000-qubit system by 2031) and a 2,500-kilometer quantum-secure communication network by 2031. The mission has progressed from a 7-qubit to a 64-qubit system, established four thematic hubs at leading IITs, and mobilized over 750 scientists and 40+ startups. NQM does not sell commercial products; instead it functions as a sovereign R&D and ecosystem-building program, deploying capital through direct startup investments (QNu Labs Series A, QpiAI funding round), co-invested university infrastructure (Alliance University 8-qubit system in Bengaluru), and planned facilities such as the Quantum Supremacy Center in Devanahalli and Quantum Testbeds in Andhra Pradesh.

Its primary stakeholders are Indian research institutions, quantum technology startups, defense forces, and government agencies, with the Quantum Valley initiative additionally targeting USD 1 billion in foreign and domestic investment by 2029. Chairman Ajai Chowdhry leads the mission, which frames the AI-quantum convergence as a strategic frontier. NQM's technology stack spans superconducting qubit systems, quantum key distribution, and post-quantum cryptography developed by portfolio companies, with applications routed toward defense, aerospace PSUs, enterprise technology users, and India's broader 8,000+ startup ecosystem.

National Quantum Mission firmographics

Firmographics
Name
National Quantum Mission
Legal name
National Quantum Mission
Website
https://dst.gov.in
Company type
Private
Founded year
2023
Operating status
Operating
Short description
The National Quantum Mission is a ₹6,003.65 crore Government of India initiative under the Department of Science & Technology that funds research, infrastructure, and startups to develop indigenous quantum computing and quantum-secure communications capabilities, serving research institutions, defense agencies, and quantum technology startups.
Ownership category
akta.pro rank

National Quantum Mission industry classification

Industry
Product category
Government Quantum Research Programs
akta.pro primary industry
Quantum Tech Commercialization, IP, Tech Transfer & Venture Research (HDAGAMAN)
akta.pro secondary industries
Quantum Standards, Testbeds & Open Research Infrastructure (HDAGAMAL), Quantum Communications, Networking & Quantum Internet Research (HDAGAMAH), Quantum Cryptography & Post-Quantum/Quantum-Safe Security Research (HDAGAMAI), Quantum Cloud Infrastructure & QPU Hosting (HDAGAIAA)

Keywords

  • Quantum computing research
  • Quantum communication networks
  • Deep tech funding
  • Government research grants
  • Quantum key distribution

Where National Quantum Mission is headquartered

Location

Headquarters

HQ city
New Delhi
HQ country
India
HQ region
Asia

Offices4 records

Markets served

National Quantum Mission business model

Business model
GTM type
B2B
Offering type
Services
Cost components
Technology or R&D, Personnel, Infrastructure, Operations

Revenue model

  1. Government funding allocation: ₹6,000 crore government-approved budget over 8 years allocated for quantum research, infrastructure development, and startup support
  2. Strategic investment in startups: Government provides strategic investment in private deep tech startups working on quantum technologies - first such investment in quantum communications
  3. Foreign and domestic investment attraction: Mission aims to attract USD 1 billion in foreign and domestic investment by 2029 through Quantum Valley initiative

Go-to-market motion1 record

Distribution channels1 record

Marketing channels2 records

National Quantum Mission product offering

Product offering

Core offering

The National Quantum Mission funds and develops indigenous quantum computing systems and quantum-secure communication infrastructure in India, supporting research from intermediate-scale (50–1,000 qubit) quantum computers to a 2,500-kilometer quantum-secure network by 2031. It channels funding to research institutions and startups, mobilizes over 750 scientists across four IIT thematic hubs, and makes strategic investments in private deep tech firms working on quantum hardware and cybersecurity.

Product overview

The National Quantum Mission is a ₹6,003.65 crore Indian government initiative over 8 years aimed at achieving technology self-reliance in quantum technologies. The mission encompasses quantum testbeds providing access to intermediate-scale quantum computers (50-1,000 qubits), quantum-secure communication networks spanning 2,500 km, and strategic initiatives like 'Quantum Valley' targeting USD 1 billion investment by 2029. The ecosystem includes four thematic hubs at leading IITs, over 750 scientists, and more than 40 startups. Supporting entities like QNu Labs provide quantum key distribution and post-quantum cryptography solutions, while partnerships with companies like QpiAI enable commercial quantum computing access through installations such as India's first 8-qubit superconducting quantum computer and planned Quantum Supremacy Centers.

Differentiator

Problem solved

Functional benefit

Products and services

  • Quantum Testbeds
  • Quantum Computing Infrastructure
  • Quantum-Secure Communication Network
  • Quantum Valley
  • Quantum Key Distribution (QKD)
  • Post-Quantum Cryptography
  • Quantum Supremacy Center

Quantifiable outcome

  • Target: 1,000-qubit quantum computer by 2031
  • +3 more outcomes

Companies that use National Quantum Mission

Customer profile

Named customers4 records

Segments3 records

Ideal customer profiles3 records

National Quantum Mission technology and API

Technology

Technology focussed Yes

API detail

Has API
No
API docs
API detail

Core technology

AI maturity

App detail

AI capability2 records

Feature5 records

National Quantum Mission partnerships and signals

Strategic signal

Partnerships

One partnership is on record.

  • Alliance UniversitymajorStrategic or Co-development Partner · 13 February 2026QpiAI partnered with Alliance University for a 50:50 co-investment to install India's first commercially available 8-qubit superconducting quantum computing system at Alliance University's Electronics City campus in Bengaluru. The center is expected to serve as a quantum computing hub for technology companies, defense PSUs, and India's startup ecosystem.

Scale indicators7 records

Recent moves6 records

Expansion highlights6 records

National Quantum Mission competitors and assessment

Company assessment

Direct peers

  • U.S. National Quantum Initiative: The US federal quantum R&D program established by the National Quantum Initiative Act. Directly comparable to NQM as a national-level, government-funded mission to coordinate quantum computing, networking, and workforce programs — though with significantly larger appropriated funding.
  • UK National Quantum Technologies Programme: A long-running UK government-funded program coordinating quantum hubs, testbeds, and commercialization across universities and industry. Most directly analogous to NQM in mission scope (computing + communications + standards + commercialization), and a natural bilateral partner.
  • EU Quantum Flagship / Quantum Strategy: A €1B, 10-year European Commission initiative covering quantum computing, communication, simulation, and sensing R&D. Comparable to NQM as a multi-domain national/supranational quantum mission with funding hubs, testbeds, and explicit industrialization targets.
  • Australia's National Quantum Strategy: Australia's national quantum strategy covering research, commercialization, and standards with explicit sovereign-capability framing. Similar government-led, multi-stakeholder model; useful peer for assessing strategy design and commercialization paths.
  • China's National Laboratory for Quantum Information Science: The state-backed Chinese quantum R&D hub — though regional-rival rather than collaborator. Provides the strategic yardstick for qubit scale, satellite QKD deployment, and quantum networking that NQM benchmarks itself against.
  • Canada's National Quantum Strategy: Canada's federal quantum strategy funding research, talent, and commercialization. Closely comparable in scope to NQM (computing + comms + cryptography), useful as a mid-size peer benchmark for funding mix and ecosystem outcomes.

Others

  • QpiAI: An Indian quantum computing startup that received co-investment from NQM as part of a $32M funding round and is the operator behind India's first commercial 8-qubit system. Not a peer of NQM directly — it is a portfolio company — but operationally the closest adjacent entity since NQM's success in computing depends significantly on QpiAI.
  • QNu Labs: An IIT-Madras incubated quantum cybersecurity startup that received NQM's first strategic deep-tech investment (₹60 crore Series A in 2025) for QKD and post-quantum cryptography. Ecosystem beneficiary rather than peer, but the principal private vehicle for NQM's secure-communications pillar.

Broad incumbents

  • IBM Quantum: IBM's quantum division operates the most extensive public quantum hardware fleet and roadmap (Condor 1,121-qubit system) and an open developer ecosystem. A broad incumbent whose qubit count, hardware roadmap, and developer platform set the global benchmark that NQM-funded Indian players must measure against.
  • Google Quantum AI: Google's quantum computing research division, a leader in superconducting qubits and error correction demonstrations. Acts as a global benchmark for NQM's 1,000-qubit ambition and an indirect competitor for talent and scientific credibility in the Indian ecosystem.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks5 records

Key highlights7 records

Customer concentration

National Quantum Mission social profiles

Digital presence

National Quantum Mission financial estimates

Financial estimate

Revenue estimate

Valuation estimate

National Quantum Mission leadership team

Management profile

Number of profiles

Profiles1 record

National Quantum Mission funding detail

Funding detail

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

National Quantum Mission M&A and investment

M&A and investment

M&A

Investments3 records

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about National Quantum Mission

What does National Quantum Mission do?

The National Quantum Mission funds and develops indigenous quantum computing systems and quantum-secure communication infrastructure in India, supporting research from intermediate-scale (50–1,000 qubit) quantum computers to a 2,500-kilometer quantum-secure network by 2031. It channels funding to research institutions and startups, mobilizes over 750 scientists across four IIT thematic hubs, and makes strategic investments in private deep tech firms working on quantum hardware and cybersecurity.

Is National Quantum Mission a public or private company?

National Quantum Mission is a private company. It is classified as state government owned and is currently operating.

When was National Quantum Mission founded?

National Quantum Mission was founded in 2023.

Where is National Quantum Mission based?

National Quantum Mission is headquartered in New Delhi, India, in the Asia region.

How does National Quantum Mission make money?

Three revenue lines are on record. Government funding allocation is the primary driver. The others are strategic investment in startups and foreign and domestic investment attraction.

Who are National Quantum Mission's main competitors?

Direct peers on record are U.S. National Quantum Initiative, UK National Quantum Technologies Programme, EU Quantum Flagship / Quantum Strategy, Australia's National Quantum Strategy, China's National Laboratory for Quantum Information Science and Canada's National Quantum Strategy. Others are QpiAI and QNu Labs. Broad incumbents are IBM Quantum and Google Quantum AI.

Does National Quantum Mission have an API?

No public API is recorded for National Quantum Mission.

What industry is National Quantum Mission in?

National Quantum Mission's product category is Government Quantum Research Programs. Its primary akta.pro industry code is HDAGAMAN, Quantum Tech Commercialization, IP, Tech Transfer & Venture Research, with a secondary code of HDAGAMAL, Quantum Standards, Testbeds & Open Research Infrastructure.

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Live signals
EntrackrFunding and acquisitions in Indian startups this week [Sep 07 - Sep 12]Indian startups raised $356.8 million across 23 deals this week, up 17% from the previous week. Growth-stage deals totaled $182 million, led by Popo Global's $56 million round, while early-stage funding reached $174.8 million. The week also saw five key appointments, one departure, two M&A, and a new fund launch.The Times of IndiaIndia's quantum-safe security initiative: Ensuring digital trust while banks brace for AI-driven threatsIndia is transitioning to quantum-safe security, with banks assessing cryptographic inventory and vulnerable systems. The government's National Quantum Mission approved Rs 6,003.65 crore in 2023, with critical infrastructure to establish foundations by 2027 and complete post-quantum adoption by 2029. Banks are expected to migrate to post-quantum cryptography, with regulatory mandates anticipated from RBI, SEBI, and IRDAI.The Times of IndiaQNu Labs raises Rs 200 crore led by the National Quantum Mission and Speciale Invest - The Economic TimesQNu Labs, a Bengaluru-based quantum cybersecurity startup, raised Rs 200 crore in a round led by the National Quantum Mission and Speciale Invest. The funding brings its total capital to Rs 375 crore, with Sony Innovation Fund, Gaja Capital, and Artha Ventures participating. The company will use the funds to accelerate R&D, expand sales, and broaden its technology stack into quantum sensing and AI.QnulabsQNu Labs Raises ₹200 Crore Led by National Quantum Mission and Speciale Invest to Accelerate Quantum-Safe Cybersecurity Innovation and Global ExpansionQNu Labs raised ₹200 crore in a Series A1 round led by the National Quantum Mission and Speciale Invest, with participation from Sony Innovation Fund, Gaja Capital, and Artha Ventures. The funding brings total capital to ₹375 crore and will support R&D, sales scaling, and a contribution to India's Quantum Secure and Sensing Networks project. The company aims to expand its quantum-safe technology stack into quantum sensing and AI.DealStreetAsiaIndia: QNu Labs raises $21m led by National Quantum Mission, Speciale InvestQNu Labs raised nearly $21 million in a Series A1 round led by the National Quantum Mission and Speciale Invest. The funding brings total capital to Rs 375 crore and will support R&D, sales, and its IQSN project. The company plans to expand into quantum sensing and AI.The Times of IndiaIndia needs to protect critical infrastructure against cyber threats: National Quantum Mission chair Ajai Chowdhry - The Economic TimesAjai Chowdhry, chairman of India's National Quantum Mission (NQM), announced the development of a fully indigenous quantum security product and mandated that critical sectors adopt post-quantum cryptography by the end of 2028. He warned that a quantum computer capable of breaking current encryption standards could emerge within four to five years, posing significant national security risks to financial and defense systems.The Times of IndiaIndia’s first commercial 8-qubit computer coming to Bengaluru campusQpiAI, a Bengaluru-based quantum computing company, has partnered with Alliance University to install India's first commercially available 8-qubit superconducting quantum computing system at the university's upcoming Electronics City campus in Bengaluru. The centre represents a 50:50 co-investment between the two entities and is expected to serve as a quantum computing hub for over 200 global technology companies, defence and aerospace PSUs, and India's 8,000-plus start-up ecosystem, providing hands-on access to a real quantum machine. QpiAI also announced plans to establish a larger Quantum Supremacy Center in Devanahalli housing 100 quantum computers, following its $32 million funding round led by Avataar Ventures and the National Quantum Mission.The Times of India‘If India moves fast on quantum, we can lead next tech revolution’India's National Quantum Mission is focused on developing quantum computing technologies and aims for significant economic potential by tapping into a projected $2 trillion global market by 2035. Currently, India does not own a quantum computer and depends on overseas services, with a national commitment of around Rs 6,500 crore to enhance its capabilities. The mission involves collaborations with private companies and seeks to expedite innovation in areas like drug discovery and secure communications.BW DisruptIndia’s Quantum VanguardQpiAI is positioning itself as India’s leading quantum technology firm, highlighted by its status as the only private entity to receive significant investment from the National Quantum Mission and its development of in-house quantum systems. The company announced plans for a 64-qubit processor this year and aims to achieve $100 million in revenue with commercially viable quantum computers by 2030. Additionally, QpiAI is expanding its ecosystem through a 10-acre research park in Bengaluru and educational partnerships with major academic institutions.The Times of IndiaETtech Deals Digest: Startups raise $124 million this week, down 59% on-year - The Economic TimesIndian startups raised approximately $123.9 million across 26 deals during the week of July 12-18, 2025, marking a 59% decline from the $307.7 million raised in the same period last year, according to Tracxn data. Deal activity also fell year-on-year to 26 transactions from 37, though funding nearly doubled from the prior week's $62.1 million. Top deals included PayU receiving a $35.1 million capital infusion from parent Prosus, quantum computing startup QpiAI raising $32 million from Avataar Venture Partners and India's National Quantum Mission, and healthtech startup Truemeds securing $20 million from Peak XV Partners.