{
  "id": 12570254,
  "title": "Deeptech startup Quanfluence raises $10M led by Chiratae Ventures",
  "url": "https://urgent.news/2026/10/07/deeptech-startup-quanfluence-raises-10m-led-by-chiratae-ventures",
  "topic": "tech",
  "section": "Tech",
  "published": "2026-10-07T06:38:13.000Z",
  "source": {
    "name": "YourStory",
    "slug": "yourstory",
    "url": "https://yourstory.com/2026/10/deeptech-startup-quanfluence-raises-10m-led-by-chiratae-ventures"
  },
  "original_language": "en",
  "account": "Deeptech startup Quanfluence has successfully raised $10 million in a funding round led by Chiratae Ventures, a technology-focused venture capital firm specializing in early-stage investments. Pi Ventures, which led Quanfluence's 2024 seed round, and Rainmatter by Zerodha also participated in the funding. Established in 2021 and incubated at the IIT Madras Incubation Cell, Quanfluence is focused on developing quantum computers that utilize photons, or particles of light, to process quantum information. Its founders possess engineering and academic backgrounds in semiconductors and quantum optics, previously working for Silicon and Beyond, a semiconductor intellectual property company that was acquired by Synopsys. The company aims to utilize the new capital to construct a full-stack photonic quantum computer, combining its photonic chips, control electronics, and software into a single system. Quanfluence anticipates delivering early processors by 2027 and larger, scalable machines by 2029. The Pune-based firm has already demonstrated expertise in designing and fabricating photonic and electronic integrated circuits, developing low-loss methods for coupling chips to optical fibers, and generating quantum light states. Additionally, they have developed a photonic Ising machine, a specialized system for optimization problems, with several quantum devices already commercially available. Quanfluence CEO Sujoy Chakravarty emphasized that the company's objective is not merely to create an experiment but to develop a useful quantum computer. Venkatesh Peddi, Managing Director and Partner at Chiratae Ventures, stated that quantum computing is at an inflection point and photonics is among the most credible routes to a scalable machine outside the lab. This funding aligns with India's National Quantum Mission, approved in 2023, which focuses on quantum computing, communications, sensing, and quantum materials. Notable investments include QpiAI securing Rs 50 crore debt financing and quantum-security company QNu Labs raising Rs 200 crore. Experts highlight the significant engineering challenges in photonic computing, such as scalability, integration, optical loss, and the difficulty of building numerous high-performance components.",
  "summary": "Quanfluence will use the new capital to build a full-stack photonic quantum computer, targeting early processors by 2027 and scalable machines by 2029.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}