SpinQ Technology Raises Nearly 1 Billion CNY ($145.3M USD) to Scale Industrial Quantum Computing

SpinQ Technology Raises Nearly 1 Billion CNY ($145.3M USD) to Scale Industrial Quantum Computing SpinQ Technology, a Shenzhen-based provider of full-stack quantum solutions, has completed a 600 million Chinese Yuan ($87.2M USD) Series C+ financing round. This brings the company’s total Series C funding to nearly 1 billion Chinese Yuan ($145.3M USD) within the first quarter of 2026. The round included a heavy concentration of state-owned and industrial investors, such as Guotai Junan Innovation Investment, Cornerstone Capital, and Sichuan Zhenxing Group. The capital is earmarked for the research and development of high-qubit superconducting chips and the expansion of standardized, large-scale production lines to meet rising global demand. SpinQ is a rare outlier in the quantum sector due to its simultaneous mastery of both Superconducting and Nuclear Magnetic Resonance (NMR) technologies. While its NMR-based desktop computers (Gemini and Triangulum) provide steady revenue from over 200 educational institutions worldwide, its superconducting Ursa Major (大熊座) systems are the primary driver of its industrial growth. In Q1 2026, SpinQ reported an 80% year-over-year increase in order volume, with superconducting business now accounting for 65% of its total revenue. The company notably holds the distinction of being the first Chinese enterprise to export a complete superconducting quantum system and chip to international markets. Founder and CEO Dr. Jingen Xiang maintains a roadmap that involves doubling superconducting qubit counts annually and predicts that quantum computing will deliver tangible economic benefits in fields like drug discovery and materials science within the next three years. SpinQ’s strategy prioritizes the superconducting route because of its compatibility with existing semiconductor manufacturing processes, allowing the company to leverage established industrial chains. With systems already deployed in 40 countries, the company is transitioning from a research-heavy phase into a high-throughput commercial entity capable of delivering standardized quantum hardware at scale. For further details on the Series C+ financing and SpinQ’s technical roadmap, consult the official announcement and the 36Kr industry report here, and see our previous coverage on the initial Series C funding here. April 4, 2026 Mohamed Abdel-Kareem2026-04-04T10:05:54-07:00 Leave A Comment Cancel replyComment Type in the text displayed above Δ This site uses Akismet to reduce spam. Learn how your comment data is processed.