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Chinese-based Qudoor Quantum Garners 50 million Yuan –$7.8 Million U.S. — in Angel Round Financing

Qike Quantum
Qike Quantum
Qike Quantum
Angel groups invested about $7.8 million U.S. in Qike Quantum, a Chinese quantum startup.

Chinese media is reporting that quantum communication startup Qike Quantum received 50 million yuan in an Angel financing round.

Investors include Zhongguancun Development Frontier Fund, Zhongguancun Gold Seed Fund, along with other unnamed investors.

According to sources, this round of financing will be used for the company’s two business directions: research and development and mass production of new generation of miniaturized quantum communication equipment. The company also plans further research into 100-bit ion trap quantum computer.

The company is based in Haidian District, Beijing.

According to its website, the company was established in January 2019. It is considered one of China’s first high-tech firms focused on its independent core technology and product development capabilities in the fields of quantum communication, quantum computing, and quantum sensing.

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Qike Quantum was founded by international quantum information experts and scientists with 20 years of experience in the fields of quantum communication and quantum computing. Together with the outstanding leadership team, they bring rich and diverse experience and skills to the company. The company focuses on research, development, Operate products, standards and services based on quantum information processing technology.

International senior quantum information experts and scientists have 20 years of technology accumulation and product experience in the fields of quantum communication and quantum computing.  The company focuses on research, development, product development and operation, as well as standards and services based on quantum information processing technology.

Here is one example of a Qike Quantum patent, “Quantum Communication Time Phase Encoding Device and Method and Key Distribution System.”

Qike Quantum sees its products serving customers and clients in a number of industries, including military, government, finance, telecommunications and power that require high-security communications. It also considers organizations in transportation, medicine, new energy and meteorology as potential clients.

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

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]

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