Quanfluence raises $10 million for photonic quantum computing
Article image: EntrackrQuanfluence is developing light-based quantum computing hardware for difficult optimisation problems. The Bengaluru company has raised $10 million in a round led by Chiratae Ventures, with Rainmatter by Zerodha and Pi Ventures participating, Entrackr reports. It plans to launch a four-qubit computer before working towards a roughly 100-qubit prototype by 2029.
DTT summary based on Entrackr's report. The full article is on the publisher's site.
Round details
Develops photonic quantum-computing hardware for difficult optimization problems.
- Earlier $2M seed in December 2024 led by Pi Ventures.
- Targets a four-qubit computer, then a roughly 100-qubit prototype by 2029.
- Raised: $10M
- Investors: Chiratae Ventures, Rainmatter by Zerodha, Pi Ventures
- Use of funds: The fresh funds will be used to build and launch a four-qubit quantum computer in the near term, with the company targeting a larger prototype featuring around 100 qubits by 2029, Quanfluence said in a press release.
- Earlier rounds: Raised $2 million in a seed round in December 2024, led by Pi Ventures, with Golden Sparrow, Reena Dayal and other investors.
- HQ: Bengaluru