SpinQ Technology Raises Nearly 1 Billion Yuan in Series C Funding for Quantum Computing Expansion
SpinQ Technology has secured a total of approximately 1 billion yuan ($139 million USD) in Series C funding to enhance scalable quantum computing systems. The capital will focus on R&D for high-qubit superconducting quantum chips and expanding production capabilities.
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SpinQ Technology has completed a Series C+ funding round, raising 600 million yuan ($83 million USD), totaling nearly 1 billion yuan in three months. This round was backed by industrial and state-owned investors, including Guotai Junan Innovation Investment and Cornerstone Capital.
The funding will advance the development of high-qubit superconducting quantum chips and the expansion of standardized production lines. SpinQ aims to transition quantum technology into practical applications with scalable systems. The company has established a significant presence in both industrial-grade superconducting systems and educational quantum devices, delivering China's first superconducting quantum chip internationally.
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