Origin Quantum raises over 100m yuan in latest fundraising round

Hefei-based quantum computing enterprise Origin Quantum recently announced that it has raised over 100 million yuan ($15.45 million) in its series A round of fundraising.

The new round was led by China Internet Investment Fund and attracted investors including Guoxin Fund, CICC Qizhi, Chengdu Industrial Investment, CCB International, Zhongke Yucheng, Zhongtian Fortune, as well as Pangu Turing.

According to the company, the money raised will be used in the R&D of more advanced quantum computing machines, quantum chips, quantum measurement and control technology as well as talent cultivation.

Origin Quantum was founded in 2017 by Professor Guo Guoping of the University of Science and Technology of China, a leading scientist in the country’s semiconductor quantum chip research field.

The company has made a number of influential achievements so far, such as the superconducting quantum computer Wu Yuan, an all-physics system quantum learning machine, and the first domestic quantum computer control system.