According to multiple venture capital firms, Origin Quantum has recently completed a Pre-IPO financing round of nearly RMB 3 billion, with a pre-investment valuation of RMB 21 billion.
The round was led by China North Industries Group (Norinco), which injected RMB 500 million. Existing shareholder Zhongke Yucheng Investment followed on with an additional investment of over RMB 300 million, raising its cumulative shareholding to more than 5%, making it the sixth largest shareholder after the company's de facto controller. New shareholder Huamin Investment also joined the round, contributing RMB 200 million. In addition, investment platforms from the provincial governments of Shandong, Jiangxi, and Henan, the municipal government investment platform of Qingdao, as well as listed companies and other institutional LPs, all increased their stakes in this Pre-IPO round.
Origin Quantum is China's first quantum computing company. It has built the country's first quantum chip production line, sold and deployed China's first complete superconducting quantum computer system, developed and released for public download China's first quantum computer operating system, and collaborated with nearly 100 universities nationwide on quantum computing education programs.
Just one month ago, the "Origin Wukong-180" quantum computer, equipped with a homegrown superconducting quantum chip featuring 180 computing qubits on a single core, was announced for global deployment.