Turing Quantum announced yesterday that it has completed two consecutive strategic funding rounds worth hundreds of millions of yuan within six months. The financing was jointly led by state-level capital providers, alongside market-oriented institutions including CDH Baifu, Guoke Capital and Haitong Kaiyuan, with existing shareholders also participating in the follow-on investment.
Back in July 2025, Turing Quantum disclosed the completion of a 100-million-yuan-level strategic financing round, led by Shengshi Investment—a well-known domestic fund-of-funds manager and government-guided fund administrator. The proceeds from that round were earmarked for the product R&D of photonic chips, acceleration of industrialization, and deepening of nationwide strategic layout.
To date, Turing Quantum has secured six funding rounds within four years since its establishment. The investor lineup boasts a strong roster, comprising not only state-owned funds, but also a large number of industrial capital and renowned market-oriented institutions.
Turing Quantum stated that the company is not only China's first photonic quantum enterprise to achieve full-chain independent and controllable capabilities, but also the world's only quantum technology firm with end-to-end IDM (Integrated Device Manufacturing) capabilities spanning from chip design to system integration. Up to now, the company has undertaken more than ten national, ministerial and central enterprise cooperation projects, covering multiple dimensions including quantum computing hardware, algorithms and ecosystem development.