Quantum Computing Startup Xianggan Technology Raises Hundreds of Millions in New Funding

Xianggan Technology, a quantum computing company incubated by Beijing Academy of Quantum Information Sciences, has completed a new funding round worth hundreds of millions of yuan. Investors include local state-owned capital platforms and industrial investors such as Yizhuang State-owned Investment, Sichuan Development, Guangzhou Industrial Investment, Haizhu City Development and China Merchants Zhiyuan, with several existing shareholders following on. The funds will mainly go toward next-generation quantum chip R&D, building an independent chip production line, and developing a quantum computing cloud platform with thousand-qubit scale services.

The company was founded in October 2023, spun out from the superconducting quantum computing team of the Beijing Academy of Quantum Information Sciences. It has developed full-stack capabilities ranging from hundred-qubit quantum chips and core components to system integration and a thousand-qubit cloud computing service platform, covering quantum chip design and packaging, qubit measurement and control systems, and complete system and cloud platform solutions.