Photonic quantum tech startup Quanfluence raises $2-M led by pi Ventures

Quanfluence , a Bengaluru-based quantum technology startup, has raised USD 2 million (around INR 16.65 crore) in a seed funding round led by pi Ventures with participation from Golden Sparrow Ventures and Reena Dayal (founder of Quantum Ecosystems and Technology Council of India (QETCI)).The proceeds will be used to scale up the firm’s near-term products and accelerate development of its quantum computer.Founded in 2021 by Sujoy Chakravarty, Ravi Mehta, Biman Chattopadhyay, Anil Prabhakar, Aditi Vaidya and Sandeep Goyal, Quanfluence develops photonics-based quantum and quantum-inspired solutions that can be applied to complex optimisation problems in financial risk management, logistics, workforce scheduling, and delivery route optimisation. It was incubated at IIT-Madras.