Here is HA Viewpoint: If you’ve been watching the quantum computing space, you’ve probably noticed the momentum is picking up fast. On June 30, SpinQ, a leading domestic quantum computing enterprise, announced the completion of its Series D funding round, securing a staggering 1 billion RMB. This brings their total capital raised over the past six months to an impressive 2 billion RMB.
Let’s break down who is backing this vision. This round saw the entry of some heavyweight investors, including CICC Capital, Shanghai Semiconductor Industry Investment, AVIC Honghua, Shanghai Electronic Science and Technology, Guozhong Capital, Sichuan Xingchuan, Jinpu Investment, Hengxu Capital, Shangqi Capital, Hongtai Fund, Luhua Investment, Xingzheng Investment, Shenzhen Press Group, Qingke Holdings, and Bojia Capital. Meanwhile, existing shareholders like Toupont Donghai, Jingkai Capital, Qingdao Hanrui, and Hainan Fengkaixiang doubled down on their stakes. It’s also worth noting that industry veterans Lu Dalong and Lan Kun joined as new investors in this round.
So, what’s the plan for all this capital? According to the company, every single yuan raised will be poured back into the entire R&D chain for fault-tolerant universal quantum computers. This includes iterating on core processes and expanding their global industrial ecosystem. The ultimate goal? To support the breakthrough of next-generation quantum computing core technologies.
For HA Viewpoint, this isn’t just about the money—it’s about validation. The quantum sector is notoriously capital-intensive and long-term. With this level of financial backing, SpinQ is positioning itself to tackle some of the hardest problems in the industry, from error correction to scaling up systems. It’s a clear signal that the race for fault-tolerant quantum computing is heating up, and the players with strong financial backing are ready to sprint.
