SpinQ Technology Inc., founded in 2018, recently secured several hundred million RMB in Series B funding from investors including CCB Private Equity Investment Management Company, Liangxi Sci-Tech City Development Fund, StarsUp Investment, Huaqiang Capital, and Jiusong Fund. The company provides comprehensive quantum computing solutions encompassing superconducting and NMR quantum computers, a quantum computing cloud platform, and application software, serving over 200 universities, enterprises, and research institutions across more than 40 countries. SpinQ has achieved end-to-end independent research and development in superconducting quantum chips, with products now entering international markets, and is currently developing 100-qubit chips. The company’s team comprises experts in quantum computing from institutions including Harvard University, MIT, Tsinghua University, and Peking University.
Significant Investment Signals Market Confidence
The recent Series B funding round secured by SpinQ totalled several hundred million RMB, attracting investment from both government-backed funds and diverse institutional investors. CCB Private Equity Investment Management Company and Liangxi Sci-Tech City Development Fund participated, alongside StarsUp Investment, Huaqiang Capital, and Jiusong Fund, demonstrating strong market recognition of SpinQ’s commercialization capabilities. This influx of capital reflects the rapid transition of China’s quantum computing industry from research and development to industrial application.
Jingen Xiang, Founder and CEO of SpinQ, considers the participation of both government funds and industry capital vital support for the company’s industrialization efforts. Huaqiang Capital specifically highlighted SpinQ’s dual-driven approach of technology research and commercial implementation, recognising the integration of hardware, software, and solutions as establishing a full-stack capability in the Chinese quantum computing field. This approach is considered a model case of hard tech industrialization and is expected to provide China with a core competitive advantage in quantum technology.
SpinQ’s progress in quantum computing hardware, software, and algorithms has resulted in products now reaching over 200 universities, enterprises, and research institutions across more than 40 countries and regions on five continents. The company has successfully delivered superconducting quantum computers overseas, and development of 100-qubit chips is progressing smoothly. CCB Private Equity Investment Management Company notes this demonstrates the technical autonomy and competitiveness of Chinese tech companies on the global stage.
Expanding Technological Capabilities and Commercial Reach
SpinQ’s industry layout encompasses superconducting quantum computers, NMR quantum computers, a quantum computing cloud platform, and application software, with all segments demonstrating significant growth. The company’s education-grade hardware and solutions have undergone comprehensive upgrades, incorporating AI-powered enhancements to improve efficiency in both teaching and research, and further expand global market penetration.
In the field of quantum algorithms, SpinQ’s drug simulation accuracy is reported as leading the field, with ongoing efforts to deepen AI-quantum integration in collaboration with leading customers to broaden application diversity. Investors note that the company’s end-to-end in-house research and development across the entire value chain is positioned to provide China with a competitive advantage in quantum technology.
Jiusong Fund noted SpinQ’s strong innovation, market competitiveness, and growth potential, aligning with their investment philosophy of advancing high-tech industrial applications. Liangxi Sci-Tech City Development Fund recognises SpinQ’s progress in quantum computing commercialization as a benchmark for local tech companies and a driver of regional innovation.
Founded in 2018, SpinQ Technology Inc. serves advanced sectors including scientific research, education, drug discovery, fintech, and artificial intelligence, delivering scenario-based solutions that integrate quantum computing into various industries. The company’s core team comprises experts in quantum computing from institutions including Harvard University, MIT, Tsinghua University, Peking University, and the Hong Kong University of Science and Technology, with significant contributions to the development of quantum computer hardware, software, and algorithms.
A Comprehensive Quantum Computing Ecosystem
SpinQ’s industry layout includes superconducting quantum computers, NMR quantum computers, a quantum computing cloud platform, and application software, with all business segments demonstrating significant growth. The company’s end-to-end in-house research and development across the entire value chain is set to provide China with a core competitive advantage in quantum technology.
The development of 100-qubit chips is progressing smoothly, marking substantial progress toward practical quantum computing. SpinQ has achieved end-to-end independent research and development in superconducting quantum chips, and its products have entered the international market, demonstrating the technical autonomy and competitiveness of Chinese tech companies on the global stage.
SpinQ empowers a range of advanced sectors—including scientific research, education, drug discovery, fintech, and artificial intelligence—by collaborating with partners to deliver scenario-based solutions that integrate quantum computing into various industries, making it a practical productivity tool. The team has made significant contributions to the development of quantum computer hardware, software, and algorithms.
Strategic Backing and Expert Foundation
SpinQ’s comprehensive industry layout extends to superconducting quantum computers, NMR quantum computers, a quantum computing cloud platform, and application software, with all segments demonstrating significant growth, underpinned by end-to-end in-house research and development across the entire value chain. This approach is anticipated to provide China with a core competitive advantage in quantum technology, according to multiple investors.
The company has successfully delivered superconducting quantum computers overseas, and the development of 100-qubit chips is progressing smoothly, marking substantial progress toward practical quantum computing. SpinQ has achieved end-to-end independent research and development in superconducting quantum chips, and its products have entered the international market, demonstrating the technical autonomy and competitiveness of Chinese tech companies on the global stage, as noted by CCB Private Equity Investment Management Company.
SpinQ’s core team comprises experts in quantum computing from institutions including Harvard University, MIT, Tsinghua University, Peking University, and the Hong Kong University of Science and Technology, with significant contributions to the development of quantum computer hardware, software, and algorithms. This expertise underpins the company’s ability to deliver scenario-based solutions that integrate quantum computing into various industries, making it a practical productivity tool for sectors including scientific research, education, drug discovery, fintech, and artificial intelligence.
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