Cookie Consent by Free Privacy Policy Generator
Search
Close this search box.

Origin Quantum Raises 100 Million-Plus Yuan — $15 Million U.S. — in Latest Funding Round

Origin Quantum

Origin Quantum
Origin Quantum is a leading quantum computing enterprise in Hefei National High-tech Industry Development Zone. [Photo/WeChat account: hefeigaoxinfabu]
According to China Daily, Chinese quantum leader, Origin Quantum, announced that it has raised over 100 million yuan ($15.45 million) in its series A round of fundraising.

The company is a full-stack quantum computer provider based in Hefei.

China Internet Investment Fund led the new round was led by and attracted investors including Guoxin Fund, CICC Qizhi, Chengdu Industrial Investment, CCB International, Zhongke Yucheng, Zhongtian Fortune, as well as Pangu Turing.

Funds are slated to be used in research and development, specifically for more advanced quantum computing machines, quantum chips, quantum measurement and control technology as well as talent cultivation, the company told the newspaper.

Professor Guo Guoping of the University of Science and Technology of China, who is one of the country’s leading researchers in the semiconductor quantum chip field, founded Origin Quantum was founded in 2017.

Responsive Image

In the past, the company reported advances in the superconducting quantum computer Wu Yuan, an all-physics system quantum learning machine and the first domestic quantum computer control system, China Daily reports.

If you found this article to be informative, you can explore more current quantum news here, exclusives, interviews, and podcasts.

The Future of Materials Discovery: Reducing R&D Costs significantly with GenMat’s AI and Machine Learning Tools

When: July 13, 2023 at 11:30am

What: GenMat Webinar

Picture of Jake Vikoren

Jake Vikoren

Company Speaker

Picture of Deep Prasad

Deep Prasad

Company Speaker

Picture of Araceli Venegas

Araceli Venegas

Company Speaker

Matt Swayne

With a several-decades long background in journalism and communications, Matt Swayne has worked as a science communicator for an R1 university for more than 12 years, specializing in translating high tech and deep tech for the general audience. He has served as a writer, editor and analyst at The Quantum Insider since its inception. In addition to his service as a science communicator, Matt also develops courses to improve the media and communications skills of scientists and has taught courses. [email protected]

Share this article:

Relevant

The Future of Materials Discovery: Reducing R&D Costs significantly with GenMat’s AI and Machine Learning Tools

When: July 13, 2023 at 11:30am

What: GenMat Webinar

Picture of Jake Vikoren

Jake Vikoren

Company Speaker

Picture of Deep Prasad

Deep Prasad

Company Speaker

Picture of Araceli Venegas

Araceli Venegas

Company Speaker

Keep track of everything going on in the Quantum Technology Market.

In one place.

Join Our Newsletter