SpinQ Technology has secured nearly 1 billion Chinese Yuan in Series C funding, with a recent 600 million Yuan investment arriving in a single round and increasing the company’s total funding within three months. The financing was led by a consortium of industrial and state-owned entities, Guotai Junan Innovation Investment, Cornerstone Capital, and Sichuan Zhenxing Group, indicating national support for advancing quantum computing from research into practical applications. SpinQ is one of the few companies globally to have mastered both Superconducting and Nuclear Magnetic Resonance (NMR) quantum technology routes, offering a diversified approach to quantum hardware development. “To transition quantum technology from the lab to real-world industrial impact, we must deploy powerful, programmable, and scalable systems,” said Dr. Jingen Xiang, Founder and CEO of SpinQ, as the company aims to expand production of its superconducting quantum chips and systems.

Series C Funding Fuels Superconducting Quantum Chip Research and Development

This rapid capital influx differentiates SpinQ from many competitors still reliant on earlier-stage venture funding, and suggests alignment with long-term industrial goals. Glacier Capital facilitated the deal as a strategic financial advisor, highlighting the scale and complexity of the funding arrangement. The newly acquired capital will be directed primarily toward research and development of high-qubit superconducting quantum chips, alongside expansion of standardized production lines for its flagship hardware. SpinQ’s integrated ecosystem includes industrial-grade superconducting systems like the Ursa Major computer, high-fidelity quantum chips, educational NMR devices, and the SpinQit software and cloud platform, all designed to lower barriers to entry for developers and researchers. The company has established a global presence, with solutions deployed in over 200 institutions spanning more than 40 countries, including the United States, Japan, Australia, and the European Union. SpinQ claims to have delivered China’s first superconducting quantum chip and complete system to international markets, demonstrating an export record and a commitment to standardized manufacturing processes to meet growing global demand.

SpinQ’s Ursa Major Systems & Global Hardware Deployment

The Ursa Major system, a complete integrated solution, comprises high-performance quantum processing units (QPUs), high-precision cryogenic systems, and the SpinQ QCM (Quantum Control & Measurement) system, specifically designed to accelerate progress in fields like materials science, financial engineering, and biopharmaceuticals. Beyond these superconducting systems, the company also produces high-fidelity quantum chips, offering foundry services supported by an independent production line, and educational NMR quantum devices for K-12 and university use. This production capability positions SpinQ to address the increasing global demand for accessible quantum computing power, suggesting a strategy to become a key player in the emerging quantum ecosystem.