Indian deep-tech startup Quanfluence raises $10 million

Indian deep-tech startup Quanfluence has raised USD 10 million in a funding round led by Chiratae Ventures, with participation from Rainmatter by Zerodha and existing investor Pi Ventures.

The Bengaluru-based company had earlier raised $2 million in a seed round led by Pi Ventures, with participation from Golden Sparrow, Reena Dayal and others in December 2024, according to a report by Entrackr.

Founded in 2021, Quanfluence develops photonic quantum computing technology for optimisation problems, designed to complement AI in decision-making. Quanfluence’s technology combines optics and hardware to operate at room temperature, according to a report by Entrepreneur.  

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. 

“We are building a quantum computer in a new technology which is photonic,” Sujoy Chakravarty, co-founder and CEO of Quanfluence, told Moneycontrol. “This money is basically going towards building that prototype machine.”