The Mumbai-based venture firm has appointed former Google executive Kishore Kanakamedala as venture partner to anchor its expansion into global markets.
The QShiva systems, with chips designed and tested in Amaravati, were unveiled at the PanIIT summit alongside an indigenous quantum laser and a standards agreement with the National Physical Laboratory.
Closing the PanIIT Andhra Pradesh Summit, the Chief Minister launched five quantum systems built in Amaravati and a declaration with the alumni of 23 IITs: a permanent council, a venture fund, 10 industry chairs and a 100-mentor network.
At the PanIIT Andhra Pradesh Summit in Vijayawada, the minister said India can become a developed nation in one decade, and asked the alumni of 23 IITs to help Andhra Pradesh show how.
Chief Minister N Chandrababu Naidu is chief guest at Saturday's PanIIT Andhra Pradesh Summit, where organisers plan to unveil an IIT council for Amaravati, a deep-tech venture fund and a quantum launch named Q-Shiva.
The IITM Unicorn Frontier Fund I, unveiled at the IIT Madras alumni conference Sangam 2026 in Bengaluru, has already put ₹55 crore into four startups and is aiming for ₹1,000 crore.
