Shanghai quantum computing company Buchou Quantum announced the completion of a Series A funding round of several hundred million yuan

Odaily Planet Daily News: Buchou Quantum announced the completion of its Series A financing round recently. To date, the company has raised nearly 1 billion yuan in cumulative funding. This round was participated by investment institutions and industrial partners including Guotai Haitong, Jinding Capital, SMIC VENTURES, Shanghai Science and Technology Innovation Group, leading industrial investors, CITIC-affiliated funds, TCL Ventures, Jinpu Intelligent, Daohe Long-term Investment, Yuanhe Holdings, Yangpu Menghang, Shanghai Industrial Intellectual Property Fund, and Chuanchuang Ventures. The proceeds from this round will primarily be used for core technology R&D in neutral atom quantum computing, engineering and productization of complete machines and key modules, core team building, and expansion of the quantum computing application ecosystem. (Jin Shi)