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. Matt Swayne LinkedIn 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. matt@thequantuminsider.com Share this article: