SpinQ Technology has completed a $147M Series D financing round, bringing its total funding in the past six months to RMB 2 billion. The capital will accelerate development of fault-tolerant general-purpose quantum computers, including validation of new 103-qubit superconducting chips and d=3 surface-code quantum error correction targeted for 2026. The company’s Ursa Major systems are already in batch production, with products and services now reaching more than 40 countries and over 200 institutions worldwide. Dr. Xiang Jingen emphasized the long-term commitment required to deliver practical, scalable quantum computing. Note: Technical specifications and timelines are based on company-reported claims and have not been independently verified. The post Claim: SpinQ Completes $147M Series D Financing to Advance Fault-Tolerant Quantum Computing appeared first on The Qubit Report.

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Fermilab

Xiang Jingen

photonic qubits

25-qubit system

103-qubit system

SpinQ Technology has completed a $147M Series D financing round, bringing its total funding in the past six months to RMB 2 billion. The capital will

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Progress: Validation completed for new-generation 25-qubit and 103-qubit superconducting quantum...

idation completed for new-generation 25-qubit and 103-qubit superconducting quantum chips,...

Claim: SpinQ Completes $147M Series D Financing to Advance Fault-Tolerant Quantum Computing

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Pasqal and Crédit Agricole CIB Advance Strategic Partnership to Deploy Quantum Computing Applied to Finance HPCwire

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Pasqal and Crédit Agricole CIB Advance Strategic Partnership to Deploy Quantum Computing Applied to Finance - HPCwire

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IQM Positioned as a Major Player in Worldwide Quantum Vendor Assessment as On-Premises Model Gains Traction Superconducting hardware manufacturer IQM Quantum Computers has been designated as a “Major Player” in the IDC MarketScape: Worldwide Quantum Computing 2026 Vendor Assessment. The evaluation surfaces amid a structural shift in global quantum procurement, where research institutions, regional supercomputing hubs, and enterprise data centers are actively migrating away from metered public cloud networks to establish direct on-premises hardware ownership. IQM’s core commercial strategy focuses on delivering full-stack, open-architecture superconducting computing systems straight into a client’s local high-performance computing (HPC) or data center environment, supporting incremental capacity scaling from early-stage workforce training up through 150-qubit and 300-qubit processors within the same footprint. The hardware architecture natively integrates with widely used classical software packages—including Qiskit and Cirq—mediated via the open-source Qrisp SDK and the QDMI (Quantum Device Management Interface) interoperability protocol layer to prevent proprietary vendor lock-in. To maintain direct accountability across the entire hardware supply chain, the company designs its own superconducting processing units, runs an in-house chip fabrication foundry in Espoo, Finland, designs the low-level software control layers, and assembles the final multi-cabinet hardware modules. This end-to-end vertical integration provides institutional buyers with explicit supply chain visibility and controlled upgrade paths as they build long-term quantum programs. The validation from the IDC MarketScape occurs during a structural transition phase for the European hardware builder. The U.S. Securities and Exchange Commission (SEC) has declared effective the company’s Form F-4 registration statement regarding its definitive business combination agreement with special purpose acquisi

Qiskit

Cirq

150-qubit system

300-qubit system

IQM Positioned as a Major Player in Worldwide Quantum Vendor Assessment as On-Premises Model Gains Traction Superconducting hardware manufacturer IQM Quantum

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ng from early-stage workforce training up through 150-qubit and 300-qubit...

stage workforce training up through 150-qubit and 300-qubit processors within...

IQM Positioned as a Major Player in Worldwide Quantum Vendor Assessment as On-Premises Model Gains Traction

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China Telecom Quantum Group reports integrating the Tianyan-P2000 photonic quantum computer into its Tianyan cloud platform. This establishes the first cloud service to deliver quantum computational advantage through both photonic and superconducting technologies. The Tianyan-P2000 is said to operate at room temperature with up to 2,682 controllable photons and completes complex tasks in 29 microseconds. The same computations would take classical supercomputers an estimated 16 billion years. Reportedly, the expanded platform now offers applications in graph data analysis, drug discovery, spectral computation, and machine vision to users in more than 60 countries. The post Claim: Tianyan Cloud Platform Integrates Photonic Tianyan-P2000 in World First for Dual Quantum Advantage appeared first on The Qubit Report.

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China Telecom Quantum Group reports integrating the Tianyan-P2000 photonic quantum computer into its Tianyan cloud platform. This establishes the first cloud

Claim: Tianyan Cloud Platform Integrates Photonic Tianyan-P2000 in World First for Dual Quantum Advantage

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Telecommunications giant China Telecom Quantum Group has officially brought the Tianyan-P2000 photonic quantum computer into formal production operation. Connected directly to the company’s public Tianyan quantum cloud infrastructure, the integration establishes the world’s first multi-tenant network fabric capable of delivering verified quantum computational advantage through both photonic and superconducting physical modalities. Developed in partnership with Jiuzhang (Jinan) Quantum Technology Co., under the guidance of the Chinese Academy of Sciences (CAS) Center for Excellence in Quantum Information and Quantum Physics, the web deployment scales up China Telecom’s cloud capacity. It builds upon previous platform expansions, such as the 504-qubit superconducting Tianyan-504 cluster brought online in 2024. ┌──► 5 Dedicated Superconducting QPUs (e.g., Tianyan-504 Cluster) [ Tianyan Cloud ] ┤ └──► New Tianyan-P2000 Photonic Node (2,682-Photon Boson Sampling) Replicating the Jiuzhang 4.0 Multiphoton Architectural Blueprint The physical construction of the Tianyan-P2000 is based directly on the core optical architecture of Jiuzhang 4.0, a milestone photonic quantum computing prototype developed by the University of Science and Technology of China (USTC) whose performance metrics were published in Nature in May. Engineered by a joint design team under control specialist Liu Chunwang, the Tianyan-P2000 is built to manipulate and trace 2,682 distinct photons simultaneously through an advanced interferometric waveguide mesh. Unlike solid-state superconducting layouts that require deep sub-kelvin cryogenics (10–20&nbsp;mK) to preserve electronic phase coherence, the photonic processor operates under ambient room-temperature conditions. This provides distinct logistical and operational advantages inside multi-tenant data centers: Lower Operational Noise Floors: Photons travelling through glass or silicon tracks are immune to standard electromagnetic and thermal fluctuations

NIST

504-qubit system

Telecommunications giant China Telecom Quantum Group has officially brought the Tianyan-P2000 photonic quantum computer into formal production operation.

ds upon previous platform expansions, such as the 504-qubit superconducting...

China Telecom Deploys 2,682-Photon ‘Tianyan-P2000’ Web Platform to Achieve Dual-Modality Quantum Advantage Services

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The IBM Quantum Developer Conference will be held November 11, 13 at the Sheraton Grand Riverwalk in Chicago, Illinois, bringing together researchers and innovators focused on a pivotal shift in the field. Applications opened this week for the exclusive three-day event, designed to explore the move “from quantum usefulness to quantum advantage,” according to IBM. The conference will offer attendees an in-depth look at the latest breakthroughs, including updates from the IBM Quantum Roadmap and advantage claims from the wider community. Prospective attendees must apply for consideration, with the application window closing September 21, and first-round acceptance letters scheduled to be sent August 10, prioritizing active Qiskit users with relevant research experience. IBM Quantum Developer Conference 2026: Application Timeline &amp; Details Prospective participants must submit their applications by September 21, and invitations will begin to be sent on August 10. Final acceptance letters will follow on October 12, completing the selection process before the conference commences November 11, 13. This year’s conference focuses on the transition “from quantum usefulness to quantum advantage,” signaling a deliberate shift toward demonstrable results and practical applications of quantum computing. Attendees will gain access to lectures, demos, and hands-on workshops covering innovations in areas like Hamiltonian simulation, optimization, and the expanded Qiskit functions catalog. IBM experts will be available for direct guidance, aiming to help attendees translate insights into real-world computational workflows. The conference is geared toward an active quantum community; the review team will prioritize applicants who are active Qiskit users with research or development experience in relevant quantum fields. IBM states that attendees will know how to apply these developments to their own projects and make real-world impacts across domains, and recordings of all present

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The IBM Quantum Developer Conference will be held November 11, 13 at the Sheraton Grand Riverwalk in Chicago, Illinois, bringing together researchers and

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Claim: SpinQ Completes $147M Series D Financing to Advance Fault-Tolerant Quantum Computing

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