SpinQ Technology, a prominent provider of full-stack quantum solutions, has successfully closed a Series C funding round totaling nearly 1 billion Chinese Yuan (approximately $145.3 million USD). This significant capital infusion, achieved within the first quarter of 2026, is poised to propel the company’s efforts in scaling industrial quantum computing, particularly in the development of high-qubit superconducting chips and expanding large-scale production capabilities.
Key Takeaways
- SpinQ Technology raised nearly 1 billion CNY ($145.3M USD) in Series C funding.
- The capital will accelerate R&D for high-qubit superconducting chips and scale production.
- The company uniquely masters both superconducting and NMR quantum technologies.
- SpinQ has a global presence, with systems deployed in over 40 countries.
- CEO Jingen Xiang anticipates tangible economic benefits from quantum computing within three years.
Scaling Superconducting Quantum Computing
The substantial funding round, which included significant investment from state-owned and industrial entities like Guotai Junan Innovation Investment, Cornerstone Capital, and Sichuan Zhenxing Group, underscores strong confidence in SpinQ’s trajectory. The primary objective is to advance the research and development of superconducting quantum chips with higher qubit counts. Concurrently, the company plans to expand its standardized, large-scale production lines to meet the escalating global demand for quantum hardware.
A Dual-Technology Approach
SpinQ stands out in the quantum computing landscape for its dual expertise in both superconducting and Nuclear Magnetic Resonance (NMR) technologies. While its NMR-based desktop quantum computers, such as the Gemini and Triangulum series, generate consistent revenue from over 200 educational institutions worldwide, the superconducting Ursa Major (大熊座) systems are the main drivers of its industrial growth. In the first quarter of 2026, SpinQ reported an impressive 80% year-over-year increase in order volume, with its superconducting business now contributing 65% of its total revenue.
Global Reach and Future Outlook
SpinQ has established itself as a pioneer, notably being the first Chinese enterprise to export a complete superconducting quantum system and chip internationally. With systems already deployed in 40 countries, the company is transitioning from a research-focused entity to a high-throughput commercial operation capable of delivering standardized quantum hardware at scale. Founder and CEO Dr. Jingen Xiang outlined a roadmap focused on doubling superconducting qubit counts annually and expressed optimism that quantum computing will yield significant economic benefits in areas like drug discovery and materials science within the next three years. The company’s strategic focus on superconducting technology is partly due to its compatibility with existing semiconductor manufacturing processes, enabling leverage of established industrial supply chains.
Sources
- SpinQ Technology Secures 1 Billion CNY ($145.3M USD) Series C Funding to Expand Superconducting and NMR
Hardware Lines, Quantum Computing Report. - SpinQ Technology Secures Nearly 1 Billion Chinese Yuan in Series C Funding to Scale Industrial
Superconducting Quantum Computing, The Quantum Insider.
