Chinese quantum computing startup SpinQ has raised $87.2 million in a fresh funding round as it looks to accelerate the development of advanced quantum chip technologies and scale its industrial capabilities. The latest investment highlights growing confidence in quantum computing as a transformative technology and reflects increasing capital inflow into deep-tech startups in China.
The funding round, which amounts to 600 million yuan, is part of the company’s ongoing Series C financing efforts. This brings SpinQ’s total Series C funding to nearly 1 billion yuan within a short span of time, underlining strong investor interest and momentum in the company’s growth trajectory.
SpinQ plans to utilize the newly raised capital primarily for research and development of next-generation, high-qubit superconducting quantum chips. In addition to advancing chip innovation, the company will also focus on expanding standardized production lines to support large-scale manufacturing of its quantum hardware systems.
The investment round saw participation from a mix of industrial and state-backed investors, including Guotai Junan Innovation Investment, Cornerstone Capital, and Sichuan Zhenxing Group. Their involvement signals continued institutional backing for China’s ambitions to lead in quantum computing and other frontier technologies.
Founded in 2018, SpinQ has positioned itself as a full-stack quantum computing solutions provider, working across both superconducting and nuclear magnetic resonance (NMR) technologies. The company’s products and solutions are already deployed in more than 200 institutions across over 40 countries, demonstrating its growing global footprint.
Unlike many competitors that remain focused on research, SpinQ has made notable progress in commercialization, including exporting complete superconducting quantum systems to international markets. With demand for computing power rising rapidly across industries such as artificial intelligence, finance, and biomedicine, the company aims to bridge the gap between laboratory research and real-world applications through scalable quantum solutions.
