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Taiyi Liangsheng's significant funding round underscores growing investor confidence in the commercialization of quantum technology within China, particularly for applications like drug discovery and material science. This capital injection will likely accelerate the development of its proprietary quantum computing hardware and software platforms, a key milestone for the sector's maturation.
Source covering36Kr
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Taiyi Liangsheng Raises Over 1 Billion Yuan in Funding

36Kr1 min read

36Kr reports that on October 10, Taiyi Liangsheng (Shanghai) Quantum Technology Co., Ltd. announced the completion of a new round of financing. Founded just over eight months ago, the company has raised more than 1 billion yuan in total funding to date. In this latest round, new investors including Jinqiu Fund, Yunbai Capital, Hongruida Investment, Chengdu High-tech Vision Fund, and Lingang Frontier Investment joined, while existing shareholders such as Huakong Fund, Hengxu Capital, Boyuan Capital, Gaomai Investment, and Yairui Capital continued to increase their stakes.

Read the full article at 36Kr

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