SpinQ raises near ¥1B CNY

Quantum computing uses quantum bits, or qubits, that can hold more than one state at once, unlike ordinary computer bits that are either 0 or 1. SpinQ Technology said in early April that it had brought its total Series C funding to nearly 1 billion yuan after closing a 600 million yuan Series C+ round. (thequantuminsider.com) SpinQ said the new money will go into high-qubit superconducting chips and standardized production lines for its hardware. The Shenzhen company is building machines meant for industrial use, not just lab experiments. (thequantuminsider.com) The company completed an earlier Series C round in January 2026 for “hundreds of millions of RMB,” then added the 600 million yuan extension within about three months. SpinQ’s January announcement said the first tranche was co-led by multiple institutions, with existing shareholders also joining the follow-on investment. (spinquanta.com, 36kr.com) Superconducting quantum computers use electrical circuits cooled to extremely low temperatures so fragile quantum states can survive long enough to run calculations. SpinQ is betting that approach can scale with existing chipmaking supply chains more easily than some rival hardware designs. (quantumcomputingreport.com) SpinQ is unusual in selling two kinds of quantum systems at once: superconducting machines for research and industrial work, and nuclear magnetic resonance systems for classrooms and basic research. Its desktop nuclear magnetic resonance products have been deployed at more than 200 institutions in more than 40 countries, according to the company and industry coverage. (thequantuminsider.com, 36kr.com) That commercial base matters because many quantum startups still rely mostly on research funding and technical milestones rather than product revenue. 36Kr reported that SpinQ has achieved “large-scale profitability,” while Quantum Computing Report said superconducting systems accounted for 65% of revenue and order volume rose 80% year over year in the first quarter of 2026; those figures appear to come from company-linked reporting and were not independently disclosed in SpinQ’s short January notice. (36kr.com, quantumcomputingreport.com) The investor list also shows where the money is coming from. SpinQ said the Series C+ round included Guotai Junan Innovation Investment, Cornerstone Capital, and Sichuan Zhenxing Group, and 36Kr also named Zhejiang Caitong Capital, Chengdu Tianchuang Investment, Yida Capital, and Huaqiang Capital. (thequantuminsider.com, 36kr.com) SpinQ was founded in 2018 and is based in Shenzhen. 36Kr said the company has already exported a full superconducting quantum computer and a superconducting chip to overseas markets, a sign that its pitch has shifted from prototypes toward manufacturing and delivery. (36kr.com) The immediate test is whether SpinQ can turn more capital into more qubits, more reliable chips, and repeatable production. The company’s new round gives it cash to try that at a scale few quantum hardware firms in China have publicly disclosed this year. (thequantuminsider.com, 36kr.com)