SpinQ Technology Raises $147M in Series D for Fault-Tolerant Quantum Computers
Chinese quantum computing firm SpinQ Technology has completed a Series D funding round of 1 billion yuan (about $147 million) to develop fault-tolerant quantum computers.
Chinese quantum computing company SpinQ Technology announced the completion of a Series D financing round totaling 1 billion yuan (approximately $147 million). The funds will be allocated to developing a full-stack solution for fault-tolerant quantum computers, upgrading manufacturing processes, and expanding the company's international ecosystem.
According to the firm, the investment will bolster efforts in quantum error correction, hardware-software integration, and commercialization. SpinQ Technology is positioning itself as a key player in the emerging quantum computing sector with this latest capital injection.
Source: ForkLog