Taiyi Quantum Secures 300 Million Yuan Pre-A Round to Build 1st Neutral-Atom Quantum Computer
Updated
Updated · Quantum Zeitgeist · Jun 29
Taiyi Quantum Secures 300 Million Yuan Pre-A Round to Build 1st Neutral-Atom Quantum Computer
2 articles · Updated · Quantum Zeitgeist · Jun 29
Summary
300 million yuan in new Pre-A funding will go to product R&D, team expansion and construction of Taiyi Quantum’s first quantum computer, marking a sharp step up from its more than 100 million yuan angel round in March.
Shanghai-based Taiyi is betting on neutral-atom quantum computing using ytterbium atoms, aiming to improve qubit-gate speed, multi-qubit operations and error correction for cryptographic security, chemical simulation and quantum machine learning.
Gaorong Venture Capital and IDG Capital led the round, with Huakong Fund, Yunqi Capital and SAIC Financial Holdings joining; SAIC’s participation points to backing beyond traditional venture capital.
Founded on Jan. 16, the company is led by former Microsoft chief quantum architect Liu Hongbin and CEO Fang Zhenghao, and says it targets logical qubits in the near term and 300 logical qubits from 50,000 atoms longer term.
Taiyi Quantum recently secured $44 million in a highly oversubscribed Pre-A funding round, reflecting strong market confidence in both the company and the broader quantum computing sector. Investor interest surged quickly, with initial demand reaching ¥2 billion within just eight days. This enthusiasm builds on an earlier successful angel round and highlights escalating investment in Taiyi Quantum. The company's focus on neutral atom quantum computing and its commercialization strategy have attracted growing investor confidence, positioning Taiyi Quantum as a promising leader in the rapidly advancing quantum technology landscape.