Taiyi Quantum raises over $140M in eight months for atomic quantum computing
What's the deal? Taiyi Quantum, a Shanghai-based quantum computing startup, has closed a new early-stage VC round, bringing total funding to more than US$137.5M (over $140 million) since its founding. The company has existed for just over eight months, making it one of China's fastest-growing quantum computing firms.
Who's backing it? New investors including Jinqiu FundDealroom has a profile for this one. Try Dealroom →, Yunbai CapitalDealroom has a profile for this one. Try Dealroom →, Hongruida InvestmentDealroom has a profile for this one. Try Dealroom →, Chengdu High-Tech Vision FundDealroom has a profile for this one. Try Dealroom →, and Lingang Frontier InvestmentDealroom has a profile for this one. Try Dealroom → joined the round. Existing shareholders Huakong FundDealroom has a profile for this one. Try Dealroom →, Hengxu CapitalDealroom has a profile for this one. Try Dealroom →, Boyuan CapitalDealroom has a profile for this one. Try Dealroom →, Gaomai InvestmentDealroom has a profile for this one. Try Dealroom →, and Yarui CapitalDealroom has a profile for this one. Try Dealroom → added to their stakes, alongside the Shanghai Future Industry FundDealroom has a profile for this one. Try Dealroom →.
What's the endgame? Taiyi is building a general-purpose quantum computing platform around ytterbium (Yb) atoms, working backwards from large-scale fault tolerance to define its hardware, architecture, and software stack. The money will fund global talent recruitment, quantum error correction, and open-source ecosystem work.
Why now? Global quantum competition is shifting from counting physical qubits toward error correction, system reliability, and scalability. "Quantum computing is entering a critical stage, moving from scientific breakthrough to systems engineering and industry formation," said founder and chief executive officer Fang Zhenghao.
What's done so far? In eight months, the company integrated a prototype machine in six months, cut real-time control latency to the 10-microsecond level, and open-sourced its quantum compiler, "LUOSHU." It employs nearly 100 researchers and engineers, with core members from Tsinghua, MIT, Cambridge, Microsoft, and other institutions.
The local push: Shanghai is building around quantum tech. In September 2025, Xuhui district introduced measures to accelerate quantum computing, and a future industry fund of roughly US$2.06B was set up to back early-stage hard tech. In June, city authorities launched a quantum computing cultivation zone in the district.
The signal: Taiyi's rapid raise reflects how patient state capital, market funds, and industrial backers are converging on quantum computing as a strategic priority in China. "Large-scale fault tolerance is not a breakthrough in a single metric, but a complete systems engineering effort," said co-founder and chief technology officer Liu Hongbin, framing the next phase of the race.
Read more: sohu.com
Image credit: Taiyi Quantum
