Origin Quantum Secures 3 Billion Yuan in Pre-IPO Funding
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Author:小编   

Origin Quantum, a well-known quantum computing firm, has recently declared the successful closure of its pre-IPO funding round, amassing nearly 3 billion yuan. With a pre-investment valuation soaring to 21 billion yuan, it now stands as China's most valuable quantum computing enterprise. This funding round was spearheaded by China North Industries Group Corporation, with additional investment from Zhongke Yucheng Investment. It also drew participation from Huamin Investment, various provincial and municipal investment platforms, and listed companies, among others.

Origin Quantum aims to finalize its IPO preparation filing by September 2025, with the ambition of becoming China's inaugural listed 'quantum computing company'. The capital raised will be predominantly allocated towards the establishment of a quantum chip pilot line and the research, development, and commercialization of next-generation superconducting quantum computers.

Since its inception in 2017, the company has leveraged the technical expertise of the Key Laboratory of Quantum Information at the Chinese Academy of Sciences. Presently, it boasts 1,326 publicly disclosed patents in quantum computing, ranking second globally and topping the charts in China.

In early May of this year, Origin Quantum unveiled its fourth-generation, in-house developed superconducting quantum computer, the 'Origin Wukong-180'. Meanwhile, its third-generation product has already been serving users across 163 countries worldwide, with its cloud platform's reach extending to 192 countries.

This year has witnessed a surge in financing activities within China's domestic quantum computing sector. QuantumCTek, for instance, is set to participate in the creation of a 1.5 billion yuan quantum industry fund. Abroad, Quantinuum made its debut on Nasdaq on June 4, raising 1.68 billion USD and achieving a market capitalization surpassing 15 billion USD.