(Yicai) March 31 -- Chinese quantum technology startup QBoson has completed a Series B funding round worth CNY1 billion (USD145 million) to support technological breakthroughs and the mass production of quantum computers and chips.

The round was led by Beijing Financial Holdings Group, ICBC Capital, Beijing Chaoyang Shunxi Sci-Tech Innovation Equity Investment Fund, China Merchants Bank International, Shenzhen Investment Holdings, and Nanjing-based Addor Capital, with more than a dozen existing shareholders also participating, the Beijing-based company announced today.

The proceeds will be used to overcome key technological barriers to practical quantum computers, establish a pilot production line for quantum computing chips, expand operations at China’s first large-scale quantum computer factory, and build a business ecosystem integrating quantum computing with artificial intelligence, the company said.

Founded in 2020, QBoson is among the earliest Chinese companies focused on the practical application of photonic quantum computing. The firm has launched specialized quantum computer products featuring 100, 550, and 1,000 qubits. Qubits are the basic units of information storage in quantum computers, and their number determines the maximum computational capacity of the machines.

QBoson unveiled its next-generation specialized quantum computer at the 2026 ZGC Forum held last week. The new system features an AI-driven intelligent control system capable of maintaining stable operations for 7×16 hours and can be used in scenarios such as new drug development, materials discovery, brain science research, power systems, and finance, the company said.

The company’s first large-scale quantum computing factory began production in Shenzhen last November. QBoson has already delivered products to several clients, including the National Supercomputing Center in Chengdu, China Mobile Communications Group, Beijing Electronic Zone High-tech Group, and North China University of Technology, according to the firm.

Quantum technology is one of the key sectors China is prioritizing for future development. The country’s 15th Five-Year Plan (2026-2030), released this month, outlined goals including building an integrated quantum communication network, developing fault-tolerant universal quantum computers and scalable specialized quantum computers, and achieving breakthroughs in key quantum precision measurement technologies.

Editor: Emmi Laine