Quanfluence raises $10M for photonic quantum computer
By Abha Lohia ·
- Quanfluence is a Bengaluru deeptech startup working on a quantum computer that runs on light instead of ultra-cold hardware
- Chiratae Ventures led a $10 million round, joined by Rainmatter by Zerodha and earlier backer Pi Ventures
- The cash will fund a four-qubit machine soon and a prototype of about 100 qubits by 2029, says CEO Sujoy Chakravarty
What happened
- Quanfluence raised $10 million, led by Chiratae Ventures.
- Rainmatter by Zerodha and Pi Ventures also took part.
- It will build a four-qubit machine in the near term.
Why it matters
- The aim is a full-stack system joining photonic chips, control electronics and software.
- A larger 100-qubit prototype is targeted for 2029.
The business
- Bengaluru deeptech startup building photonic quantum computers.
The founders
Who put in money
- Chiratae Ventures lead
- Rainmatter by Zerodha investor
- Pi Ventures existing investor — Led the $2M seed round in 2024
In numbers
$2MSeed round · 2024
What happens next
- Four-qubit machine soon; ~100 qubits by 2029.
Earlier rounds
- $2M seed led by Pi Ventures, 2024
Words to know
- Qubit
- the basic unit of information in a quantum computer
Other articles talking about it
Terms in this story
- Startup: A startup is a young company built to find a new way of doing something and to grow fast, usually by serving many customers at low extra cost. India's government also has a narrower legal definition that decides who gets scheme benefits.
- Funding stage: Startups raise money in steps called funding stages: pre-seed, seed, Series A, B, C and later, ending in a stock-market listing or a sale. Each step is larger than the last and asks for more proof.
- Series A: Series A is usually the first large round a startup raises from venture capital funds, after it has shown that people want what it sells.
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