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Funding · AI & Deep Tech

Quarkitech raises ₹2 crore pre-seed

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Quarkitech logo
Date
Company
Quarkitech
What it does
Quantum-inspired solvers for optimisation
Kind
Funding
Amount
₹2 crore
Stage
pre-seed
Based in
Chennai
Founded
2025-01
Sector
AI & Deep Tech

What they do

Quarkitech develops quantum-inspired algorithms and sensor data compression for large-scale optimisation

What happened

It raised ₹2 crore pre-seed from Artha Access and Finvolve, plus a ₹1.5 crore grant

Why it matters

The grant comes from IITM-CDOT Samgnya Technologies Foundation under India's National Quantum Mission

The details

  • Quarkitech raised ₹2 crore in a pre-seed round from Artha Access and Finvolve.
  • The company also received a ₹1.5 crore grant from IITM-CDOT Samgnya Technologies Foundation.
  • The grant is part of India's National Quantum Mission, a government programme approved in 2023.
  • Quarkitech develops quantum-inspired algorithms and a sensor data compression library.
  • The compression reduces data 10 to 100 times depending on sensor type, keeping mission-critical info.
  • It targets platforms like UAVs, satellites, and radar/LiDAR systems.
  • The company is based at IIT Madras Research Park in Chennai.

The bigger picture

  • The funding and grant together signal early validation of Quarkitech's technology.
  • The grant ties the startup to a national quantum initiative, boosting credibility.
  • Investors are betting on quantum-inspired algorithms that work on today's hardware.
  • The lab test showed 26X data reduction with 98% information retention, a key proof point.

About the business

  • Quarkitech builds simulation and quantum-inspired solvers for combinatorial optimisation.
  • Its core product is a compression algorithm library that reduces sensor data at the source.
  • The technology is hardware-agnostic, running on existing CPUs and GPUs.
  • It serves applications in finance, deep science, and mission-critical systems.
  • Sensor types include radar, LiDAR, hyperspectral, and electro-optical.
  • Target platforms are UAVs, surveillance, satellite earth-observation, and ground systems.
  • The approach uses tensor networks from quantum many-body physics to remove data redundancy.

What happens next

  • Validate the technology under real-world conditions like moving platforms, heat, and limited power.
  • Hold discussions with private defence and space operators for pilot deployments.
  • Integrate with platform manufacturers, operators, and research institutions over the coming year.

The deal

Type
pre-seed

Investors

  • Artha Access (lead) — Pre-seed programme under Artha Venture Fund II, co-invests with academic incubators.
  • Finvolve (participated) — Co-investor; co-founder Ashish Bhatia commented on quantum-inspired algorithms.

Founders

  • Sanyam Parashar, CEO and Founder
  • Shashikant Singh Kunwar, Co-founder and CTO
  • Rajesh Narayanan, Co-founder and Chief Scientist
  • Vishnu P.K., Founding member, Quantum Algorithms Lead

About Quarkitech

Product
Quantum-inspired simulation tools and algorithms that compress sensor data from radar, LiDAR and hyperspectral sensors by 10-100x
Customers
Defense, space and mission-critical applications requiring efficient sensor data processing
How it makes money
B2B deep tech solutions for government and defense sectors
What sets it apart
Quantum-inspired compression algorithms that reduce data volume at source while retaining application-critical information

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