SpinQ
One of the leading companies in the quantum computing space SpinQ Technology has announced that it has successfully closed a Series B investment round, raising several hundred million RMB. The company is at a turning point with this large investment, which is estimated to be many times $14 million USD. Its goal is to greatly speed up its ambitious ambitions for commercial expansion and technological advancements. Both government-backed institutions and institutional investors strongly supported the investment round, demonstrating the growing trust capabilities and the overall direction of the quantum computing sector.
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Among the government-backed organizations in the varied investor syndicate are the Liangxi Sci-Tech City Development Fund and CCB Private Equity Investment Management Company. Institutional investors like Jiusong Fund, Huaqiang Capital, and StarsUp Investment supplement this government assistance. It is believed that this multi-capitalization strategy, which combines industrial ecology and policy resources, is essential to SpinQ’s industrialization endeavors. A clear indication of the market’s high regard for SpinQ’s commercialization skills is the fact that it has raised many rounds of funding in a single year.
This funding fits in well with a noteworthy shift that has been documented in China’s quantum computing sector, which is shifting from a strong emphasis on research and development (R&D) to a more stable stage of industrial application. The involvement of both government funds and a variety of industry capital offers vital support for the company’s industrialization path, according to Jingen Xiang, SpinQ’s founder and CEO. A crucial component acknowledged by its investors, SpinQ’s strategic strategy is propelled by a combined concentration on technical research and commercial execution.
With its cutting-edge products, which include superconducting quantum computers, NMR (Nuclear Magnetic Resonance) quantum computers, a cloud platform for quantum computing, and application software, SpinQ has already made a significant impact on the industry. With the successful delivery of its superconducting quantum computers abroad, the company has achieved remarkable success thus far.
Additionally, the development of SpinQ’s 100-qubit circuits is proceeding without hiccups, indicating significant advancements in the field of practical quantum computing. Additionally, the company has improved its education-grade hardware and solutions with AI-powered enhancements that are intended to increase teaching and research efficiency and, as a result, further advance worldwide market penetration. Across more than 40 countries and regions on five continents, more than 200 universities, businesses, and research institutions currently use SpinQ’s products and services. SpinQ also claims to have the best drug simulation accuracy in the field of quantum algorithms, a feat that highlights its application-focused research.
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The investors outlined their motivations for supporting SpinQ, emphasizing the unique advantages and strategic fit of the business. One of the top investors in the hard tech industry, Huaqiang Capital, acknowledged SpinQ’s dual-pronged strategy of “technology R&D + commercial implementation.” According to Pan Xueshi, Senior Investment Director at Huaqiang Capital, SpinQ has established a full-stack capacity in China’s quantum computing space by integrating hardware, software, and solutions, making it a prime example of hard tech industrialisation. It is anticipated that the company’s comprehensive internal research and development throughout the value chain will provide China a fundamental competitive edge in quantum technology, enhancing its reputation internationally.
The “strong innovation, market competitiveness, and growth potential in quantum computing” of SpinQ were highlighted by Jiusong Fund, a new investor in this round. The investing ethos of the fund is in line with SpinQ’s quantum industrialisation strategy, which emphasises strategic investment to advance high-tech industrial applications. A collaborative future is indicated by Jiusong Fund’s plans to use its resources to help SpinQ accelerate the implementation of quantum computing and value generation across multiple industries.
The first self-managed fund in Wuxi Liangxi Science City, the Liangxi Sci-Tech City Development Fund, is especially dedicated to promoting area industry upgrades and technological commercialisation. SpinQ’s “breakthrough progress in quantum computing commercialisation” was acknowledged by the fund, which saw its “technology R&D + commercial implementation” strategy as a model for regional tech firms and a catalyst for innovation in the tech sector, indicating its dedication to supporting domestic technological breakthroughs.
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The National Development and Reform Commission and China Construction Bank jointly established the CCB Private Equity Investment Management Company, a national-level strategic emerging industry fund that makes active investments in vital technology fields like embodied intelligence, integrated circuits, high-end equipment, and quantum technology. According to the fund, SpinQ has accomplished “end-to-end independent R&D in superconducting quantum chips,” and its products have “entered the international market” with success. The fund claims that this accomplishment represents a major turning point for the country’s technological capability and shows the technical independence and competitiveness of Chinese tech firms on the international scene.
In the future, SpinQ hopes to foster wider ecosystem collaborations and significantly expedite international business development. Expanding a variety of applications with its clients and strengthening AI-quantum integration will be major areas of focus. This strategic investment round gives SpinQ the money it needs and affirms its all-encompassing approach to quantum computing and its role in worldwide industrial adoption. SpinQ’s July 23, 2025 funding round reveals how confident individuals are in its abilities to impact quantum technology.
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