Reports Say Beijing-based Quantum Computing Startup Enters Angel Financing Round

Q Boson
Chinese sources are reporting that a quantum startup in that country secured angel funding.

Beijing-based quantum computing startup QBoson scored an angel financing round, reports KR Asia. The round was described as being worth “tens of millions of yuan.”

QBoson CEO Wen Kai formed then company in November 2020. He holds a doctorate in quantum computing from Stanford University and previously worked at Google.

This round of financing will be used for the research and development of quantum computing software and hardware technology, team enrichment and the construction of the optical quantum laboratory, reports a translated version of a story. This source further states that QBoson takes the classical computer + quantum AI architecture approach. In this hybrid approach: “The classical computer is responsible for the traditional general computing part, and the AI-based quantum computing is responsible for the huge computing power and accelerating the problems that are difficult to solve by the classical computer, such as deep learning and combinatorial optimization in AI.”

According to the news service, QBoson has completed the construction of a quantum laboratory, which is equipped with a 1,000-qubit quantum computer. (Depending on the qubit approach, a quantum computer even close to 1,000 qubits is practically unheard of in the west.) The plan is to expand that quantum computer to a 1 million-qubit prototype in the next three to four years for commercial applications.

The two sources report either Litbyn or Born Capital as the leaders of this angel round.

Matt Swayne
Matt Swayne
Matt Swayne is a contributor at The Quantum Daily. He focuses on breaking news about quantum discoveries and quantum computing. Matt enjoys working on -- and with -- startups and is currently working on a media studies master's degree, specializing in science communication.

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