Reports Say Beijing-based Quantum Computing Startup Enters Angel Financing Round

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Chinese sources are reporting that a quantum startup in that country secured angel funding.

Beijing-based quantum computing startup QBoson scored an angel financing round, reports KR Asia. The round was described as being worth “tens of millions of yuan.”

QBoson CEO Wen Kai formed then company in November 2020. He holds a doctorate in quantum computing from Stanford University and previously worked at Google.

This round of financing will be used for the research and development of quantum computing software and hardware technology, team enrichment and the construction of the optical quantum laboratory, reports a translated version of a story. This source further states that QBoson takes the classical computer + quantum AI architecture approach. In this hybrid approach: “The classical computer is responsible for the traditional general computing part, and the AI-based quantum computing is responsible for the huge computing power and accelerating the problems that are difficult to solve by the classical computer, such as deep learning and combinatorial optimization in AI.”

According to the news service, QBoson has completed the construction of a quantum laboratory, which is equipped with a 1,000-qubit quantum computer. (Depending on the qubit approach, a quantum computer even close to 1,000 qubits is practically unheard of in the west.) The plan is to expand that quantum computer to a 1 million-qubit prototype in the next three to four years for commercial applications.

The two sources report either Litbyn or Born Capital as the leaders of this angel round.

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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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