Hefei Sizhen Chip Technology raises $14.8m Series B for photonic quantum computing
What's the deal? Hefei Sizhen Chip Technology has completed a Series B financing of more than CNY100m (approximately $14.8m). The round was co-led by Weihao ChuangxinDealroom has a profile for this one. Try Dealroom → and Shandong Gettop AcousticDealroom has a profile for this one. Try Dealroom →, with participation from Huace Film & TVDealroom has a profile for this one. Try Dealroom →, Suzhou Xiangcheng Venture CapitalDealroom has a profile for this one. Try Dealroom →, Guangzhou Financial HoldingsDealroom has a profile for this one. Try Dealroom →, Chuangling CapitalDealroom has a profile for this one. Try Dealroom → and HOULANG CapitalDealroom has a profile for this one. Try Dealroom →.
Why now? The company says it will use the financing to develop 10,000-qubit specialised photonic-computing clusters and universal quantum-computing chipsets. Its products span photonic quantum computing, specialised optical computing and quantum random-number-generation chips.
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