Quanfluence, a provider of photonics-based quantum and quantum-inspired solutions, has raised $2 million in a seed funding round led by Pi Ventures. Golden Sparrow, Reena Dayal, and others participated in the round.
Reena is also the Founder and CEO of the Quantum Ecosystems and Technology Council of India (QETCI).
The funds will be directed towards scaling its near-term products and bringing them to market. These products will showcase the practical applications of its ising machine while building momentum for its ultimate goal. Further, the funds will advance research and development for Quanfluence’s flagship quantum computer.
Co-founded in 2021 by Sujoy Chakravarty, Ravi Mehta, Biman Chattopadhyay, Anil Prabhakar, Aditi Vaidya, and Sandeep Goyal, Quanfluence is a photonic quantum technology startup with a hardware-based optimisation solution that complements AI to improve decision-making ability.
Quanfluence also aims to develop a general-purpose quantum computer entirely from India within the next five to six years. The computer would use the continuous variable paradigm of photonics.
Sujoy Chakravarty, Co-Founder and CEO of Quanfluence said: “This funding is a significant milestone for us, reinforcing our vision to pioneer quantum computing from India. It enables us to enhance our photonic-based technologies, scale the optimiser, and accelerate the development of our general-purpose quantum computer. We deeply appreciate the trust and support of our investors, who share our belief in the transformative potential of quantum computing.”
Shubham Sandeep, Managing Director at pi Ventures, said: “Quanfluence represents the ideal fusion of cutting-edge innovation, bold vision and near-term commercialisation in quantum computing. Their photonic-based technology, already available today, holds the potential to transform industries by addressing complex optimisation challenges where classical computing falls short. It is rare to encounter repeat successful founders in the DeepTech domain and we feel privileged to partner with Sujoy, Ravi, Biman and their exceptional team as they pioneer the future of quantum advancements.”
