SpinQ Technology Secures Nearly 1 Billion Chinese Yuan in Series C Funding to Scale Industrial Superconducting Quantum Computing

Insider Brief

• SpinQ Technology raised 600 million yuan — about $83 million USD — in a Series C+ round, bringing its total Series C funding to nearly 1 billion yuan in three months to accelerate development of scalable quantum computing systems.
• The funding will support R&D of high-qubit superconducting quantum chips and expansion of standardized production lines for its hardware platforms.
• SpinQ operates across superconducting and NMR quantum technologies, with products deployed in over 200 institutions across 40+ countries and a focus on industrial, educational, and cloud-based quantum solutions.

PRESS RELEASE — SpinQ Technology, a leading global provider of full-stack quantum computing solutions, today announced the successful completion of its 600 million Chinese Yuan (about $83 million U.S.) Series C+ financing round. This milestone brings the company’s total Series C funding to nearly 1 billion Chinese Yuan (about $139 million U.S.) within just three months.

The round was driven by a powerful consortium of industrial and state-owned investors, including Guotai Junan Innovation Investment, Cornerstone Capital, and Sichuan Zhenxing Group. Glacier Capital served as the strategic financial advisor.

Advancing High-Qubit Superconducting Hardware

The newly raised capital will be primarily directed toward the R&D of next-generation, high-qubit superconducting quantum chips and the expansion of standardized production lines for its flagship hardware.

“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. “This funding accelerates our mission to deliver universal, fault-tolerant quantum computing to the global market.”

A Proven Leader in Superconducting & NMR Quantum Technology

SpinQ is a global pioneer and one of the few enterprises to simultaneously master both Superconducting and Nuclear Magnetic Resonance (NMR) technology routes. Its integrated ecosystem includes:

Industrial-Grade Superconducting Systems (SQC S Series):

SpinQ’s flagship Ursa Major (大熊座) superconducting quantum computer offers a complete, integrated solution—including high-performance QPUs, high-precision cryogenic systems, and the advanced SpinQ QCM (Quantum Control & Measurement) system. These systems are optimized for breakthroughs in materials science, financial engineering, and biopharmaceuticals.

High-Fidelity Quantum Chips (QPU C Series): SpinQ provides QPUs with long coherence times and high gate fidelity as well as foundry services, supported by an independent chip production and packaging line.

Educational NMR Quantum Devices: The world’s first programmable desktop quantum computers (Gemini and Triangulum series), designed for K-12 education and university-level research.

SpinQit Software & Cloud Platform: A comprehensive software stack and cloud interface that lowers the entry barrier for global developers.

Unmatched Global Delivery Track Record

SpinQ distinguishes itself through its ability to deliver industrial-grade quantum hardware at scale:

Global Footprint: SpinQ’s solutions are deployed in over 200 institutions across more than 40 countries, including the United States, Japan, Australia, and the EU.

Pioneering Exports: The company made history by successfully delivering China’s first superconducting quantum chip and complete superconducting system to international markets.

Standardized Manufacturing: Having already delivered multiple Ursa Major systems, SpinQ has established one of the industry’s first standardized, large-scale production lines to meet the surging global demand for quantum computing power.