Claim: SpinQ Completes $147M Series D Financing to Advance Fault-Tolerant Quantum Computing
SpinQ Technology has completed a $147M Series D financing round, bringing its total funding in the past six months to RMB 2 billion. The capital will accelerate development of fault-tolerant general-purpose quantum computers, including validation of new 103-qubit superconducting chips and d=3 surface-code quantum error correction targeted for 2026. The company’s Ursa Major systems are already in batch production, with products and services now reaching more than 40 countries and over 200 institutions worldwide. Dr. Xiang Jingen emphasized the long-term commitment required to deliver practical, scalable quantum computing. Note: Technical specifications and timelines are based on company-reported claims and have not been independently verified.