SpinQ Technology Raises Nearly 1 Billion CNY ($145.3M USD) to Scale Industrial Quantum Computing

April 4, 2026 - 17:51

Shenzhen-based quantum computing firm SpinQ Technology has successfully closed a significant Series C+ financing round, raising 600 million Chinese Yuan (approximately $87.2 million USD). This latest injection of capital brings the company's total Series C funding to nearly 1 billion Chinese Yuan, equivalent to roughly $145.3 million USD.

The company, known for developing full-stack quantum computing solutions, intends to utilize this substantial investment to accelerate the industrialization and broader application of its technology. A primary focus will be on scaling up the manufacturing and deployment of its proprietary desktop quantum computers. These systems are designed to make quantum computing resources more accessible for research and educational institutions.

Furthermore, the funding will fuel the expansion of SpinQ's core research and development initiatives. This includes advancing the performance and capabilities of its quantum hardware, as well as the continued development of its supporting software ecosystem and algorithm libraries. The goal is to push forward practical, real-world applications of quantum computing across various industrial sectors.

The successful funding round underscores growing investor confidence in the commercial potential of quantum technologies within China. SpinQ positions itself as a key player aiming to bridge the gap between theoretical quantum research and tangible, industry-ready computing solutions. The company's progress is seen as a significant step in building a more robust domestic quantum industry ecosystem.