Quantum Computing Gets Serious: SpinQ Lands ¥600 Million in Series C+ Round While Gearing Up for IPO

• Series C+ Round: ¥600 Million RMB
• Total Series C Funding: Nearly ¥1 Billion RMB
• Next Phase: Pre-IPO Financing Round Launched
• Investor Profile: Dominant participation from state-owned capital

The quantum computing sector is having a massive moment right now.

We’re not talking about hype—we’re talking real capital flowing into real companies building real quantum infrastructure.

In early 2026, the space has exploded with major financing activity.

Beijing Bose Quantum (Beijing Bose Liangzi 北京玻色量子) just wrapped up a ¥1 billion RMB ($138.2 million USD) Series B round on March 31.

And now, SpinQ (Liangxuan Keji 量旋科技)—a Shenzhen-based quantum computing company—has announced the completion of its Series C+ financing round totaling ¥600 million RMB ($82.9 million USD).

Even more interesting?

SpinQ is simultaneously launching its Pre-IPO financing round.

Translation: This company is moving fast toward going public.

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Who Is SpinQ and Why Should You Care?

SpinQ (Liangxuan Keji 量旋科技) isn’t some random startup throwing buzzwords around.

Founded in August 2018 and based in Shenzhen’s Futian District, the company operates as a one-stop solution provider focused on industrializing and democratizing quantum computing.

That’s code for: They’re not just building quantum computers—they’re building the entire ecosystem around them.

Their products and services touch:

• Scientific research and education
• Drug discovery
• Financial technology (fintech)
• Artificial Intelligence (Renzhong Zhineng 人工智能)

The company’s global reach is already impressive.

SpinQ’s (Liangxuan Keji 量旋科技) products now span five continents with services covering more than 40 countries and regions.

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The Founder’s Pedigree Matters (Seriously)

Jingen Xiang (Xiang Jingen 项金根), SpinQ’s founder and CEO, isn’t your typical startup founder.

Here’s his background:

• Bachelor’s degree in physics from Tsinghua University (Qinghua Daxue 清华大学) in 1999
• Ph.D. in physics from Tsinghua in 2005
• Postdoctoral fellow and research associate at Harvard University from 2005 to 2011
• Master’s degree in Computer Science (Jisuanji 计算机) from the University of Waterloo in Canada in 2013

This matters because quantum computing requires hardcore physics expertise combined with deep understanding of computer architecture.

Jingen Xiang (Xiang Jingen 项金根) has both.

His take on the quantum computing landscape is crystal clear:

“Superconducting quantum computing is currently the most mainstream path and the technical route most likely to achieve commercial quantum computing.”

He’s also realistic about timelines.

“In the short term, superconducting quantum computers (Jisuanji 计算机) cannot achieve full practical application and are mainly used for scientific exploration. However, sustained large-scale investment in the future will drive the commercialization of universal superconducting quantum computers.”

And here’s the kicker—he sees quantum computing as essential for solving AI computing power bottlenecks and developing what China calls “New Quality Productive Forces.”

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SpinQ’s Technical Strategy: The Dual-Track Approach

Most quantum computing companies pick one lane and commit.

SpinQ (Liangxuan Keji 量旋科技) took a different approach.

The company is running a dual-track technical layout combining two different quantum computing approaches:

• Superconducting quantum computing
• Nuclear Magnetic Resonance (NMR) quantum computing

This strategy creates three major business matrices:

1. Industrial-grade superconducting quantum computing hardware
2. Educational-grade NMR quantum computing hardware
3. Software and cloud platforms

What makes this genius?

The company covers everything from basic research to industrial application and hardware to software.

Short-term commercial revenue from educational products funds long-term R&D on cutting-edge superconducting systems.

It’s a cash flow model that actually makes sense.

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Real Achievements: Beyond the Hype

SpinQ (Liangxuan Keji 量旋科技) isn’t just talking about quantum computing—they’re actually delivering systems.

Here’s what they’ve accomplished:

• 2023: Delivered China’s first superconducting quantum chip overseas
• 2024: Delivered China’s first complete superconducting quantum computer to an overseas client
• 2025: Delivered multiple “Ursa Major” (Daxionghuo 大熊座) superconducting quantum computing units

SpinQ is now among a select few companies globally with hands-on experience delivering industrial-grade superconducting quantum systems.

Let that sink in—most quantum computing companies are still in the lab.

SpinQ is shipping to paying customers on multiple continents.

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Why the Quantum Sector Is Exploding With Capital Right Now

This isn’t random enthusiasm.

There are three concrete reasons why quantum computing is attracting massive investment in 2026:

1. Computing Power Has Hit a Wall

Traditional computing models are running into physical limits.

Classical computers can’t solve certain problems efficiently, no matter how many transistors you cram onto a chip.

Against the backdrop of rapid digital economy (Shuzi Jingji 数字经济) growth and artificial intelligence (Renzhong Zhineng 人工智能) expansion, insufficient computing power has become a critical bottleneck.

Quantum computing offers a natural advantage here because of its unique parallel computing capabilities.

2. The Market Size Projections Are Massive

According to International Data Corporation (IDC) forecasts:

• 2020: Global quantum computing market was valued at $412 million USD
• 2027: Expected to reach $8.6 billion USD
• Growth rate: Compound annual growth rate exceeding 50%

When you’re looking at a market growing faster than 50% annually, capital doesn’t hesitate to show up.

3. China’s Government Is All In

Quantum Technology (Liangzi Keji 量子科技) has evolved from niche science into strategic priority.

Over the past 11 years (2016–2026), quantum-related technology has appeared in Chinese government work reports seven times.

The terminology itself has evolved from “Quantum Communication” (Liangzi Tongxin 量子通信) to “Quantum Information” to “Quantum Technology”—reflecting its growing strategic importance.

When state policy signals this level of commitment, both state-owned and private capital pays attention.

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The Money Is Flowing: Series C+ Details

SpinQ’s (Liangxuan Keji 量旋科技) Series C+ round just closed with ¥600 million RMB ($82.9 million USD).

But here’s the important context:

This round comes just months after the company completed its Series C round in January.

Total Series C funding now approaches ¥1 billion RMB ($138.2 million USD).

That’s serious capital concentration in a relatively short timeframe.

Who’s Investing?

The investor roster tells you everything about where the quantum computing money is coming from.

Existing shareholders who continued investing:

• Kuang Zhong (邝中)
• Xia Zuoquan (夏佐全)
• Yida Capital (Yida Ziben 毅达资本)
• Huaqiang Capital (Huaqiang Ziben 华强资本)

New investors in this round:

• Guotai Junan Innovation Investment (Guotai Junan Chuangxin Touzi 国泰君安创新投资)
• Cornerstone Capital (Jishi Ziben 基石资本)
• Sichuan Development Holding (Sichuan Zhenxing Jituan 四川振兴集团)
• Caitong Capital (Caitong Ziben 财通资本)
• Chengdu Tianfu Venture Capital (Chengdu Tianchuangtou 成都天创投)
• Jinding Capital (Jinding Ziben 金鼎资本)
• Sichuan Jinduo (Sichuan Jinduo 四川金舵)

Notice who’s participating?

You’ve got state-owned enterprises, regional development funds, and traditional financial institutions from major Chinese banks.

State-owned capital played a dominant role in this round.

This isn’t venture capital gambling on a moonshot.

This is institutional capital making strategic bets.

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Where the Money Is Going

SpinQ (Liangxuan Keji 量旋科技) has outlined how the ¥600 million RMB ($82.9 million USD) will be deployed:

• R&D and iteration of high-qubit superconducting quantum chips
• Expansion of large-scale production lines
• Deepening of global commercial footprint

Translation: They’re moving from prototype to production at scale.

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The Competitive Landscape: Who Else Is Playing?

SpinQ (Liangxuan Keji 量旋科技) isn’t alone in China’s quantum computing space.

Other leading quantum technology companies include:

• TuringQ (Tuling Liangzi 图灵量子)
• Bose Quantum (Bose Liangzi 玻色量子)
• Origin Quantum (Benyuan Liangzi 本源量子)
• Guangdong Guoteng Quantum (Guangdong Guoteng Liangzi 广东国腾量子)

The fact that multiple companies are raising massive rounds isn’t a sign of overcrowding.

It’s a sign that the quantum computing sector is transitioning from laboratory phase to commercialization phase.

The global quantum computing industry has shifted from competition over individual laboratory breakthroughs to a comprehensive battle for commercialization capabilities.

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The IPO Question: What’s Next?

Here’s the headline that caught everyone’s attention:

SpinQ (Liangxuan Keji 量旋科技) has simultaneously launched its Pre-IPO financing round alongside the Series C+.

This is the classic signal that a company is moving toward a public listing.

Pre-IPO rounds are typically the final private capital raise before hitting the public markets.

For a quantum computing company to go public would signal major maturation of the sector.

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What An Investor Really Said About SpinQ

Here’s a valuable insight from someone actually investing in the quantum space:

“SpinQ’s product matrix addresses diverse needs from teaching and research to enterprise applications. This layered approach helps the company find the equilibrium between technical maturity and market demand.”

This cuts through the noise.

SpinQ (Liangxuan Keji 量旋科技) isn’t trying to build one perfect quantum computer.

It’s building an entire ecosystem—educational systems that generate revenue, industrial systems that drive innovation, and the infrastructure to connect them all.

That’s a sustainable business model in an immature market.

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Bottom Line: The Quantum Computing Sector Is Accelerating

The quantum computing space went from theoretical physics to serious commercial venture in the span of a few years.

SpinQ’s (Liangxuan Keji 量旋科技) trajectory—with ¥600 million RMB ($82.9 million USD) in Series C+ funding and a simultaneous Pre-IPO launch—is a clear indicator of where capital thinks this is heading.

The company has a founder with elite academic credentials, actual paying customers on multiple continents, revenue from intermediate products funding research on cutting-edge systems, and now the backing of state-owned capital.

Whether you’re an investor, founder, or just watching the space, quantum computing isn’t hype anymore.

It’s becoming real infrastructure.

And companies like SpinQ are leading the way in the commercialization of quantum computing technology.

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References

• Quantum Sector Attracts Major Investment! SpinQ Secures 600 Million in C+ Round, Simultaneously Starts Pre-IPO – Cailian Press
• Official Website – SpinQ
• Official Website – Bose Quantum
• Official Website – Origin Quantum