Recently, Shanghai Turing Intelligent Computing Quantum Technology Co., Ltd. (hereinafter referred to as “Turing Quantum”), a domestic optical quantum chip and optical quantum computing industrialization enterprise, announced that it has completed hundreds of millions of yuan in Series A financing. This round of financing was led by China Internet Investment Fund (hereinafter referred to as China Internet Investment), followed by investment institutions such as Huakong Fund, Orient Securities Innovation, Lenovo Venture Capital and other investment institutions. Technology research and development of stack products, and industrialization promotion for industry applications.
Founded in February 2021, Turing Quantum is an optical quantum chip and optical quantum computer company with independent intellectual property rights in the core technology and process of three-dimensional and ultra-high-speed optical quantum computing chips.
In addition, the “Turing Quantum” official Weibo shows that the company has recently completed the intellectual property change with Shanghai Jiaotong University, and finally Shanghai Jiaotong University took a stake in “Turing Quantum” at the price of the patent. As a quantum computing company incubated by Shanghai Jiaotong University, the change of intellectual property rights means that the relevant rights and interests have been completed as the main body, and “Turing Quantum” has since become an independent entity.
In 2022, the Shanghai headquarters of “Turing Quantum” will coordinate with Beijing and Wuxi for industrial layout. The Shanghai headquarters will make breakthroughs in chips, core algorithms, and quantum-inspired solvers; the photonic chip jointly built by Wuxi Company, Shanghai Jiaotong University and Wuxi City The pilot line landed in Binhu District, Wuxi City; the Beijing company focused on the research and development of photon/quantum computing operating system and artificial intelligence fusion technology. At present, the proportion of masters and doctorates in the team exceeds 70%.
It is understood that “Turing Quantum” has focused on building a fully autonomous and controllable optical quantum chip and quantum algorithm double-bottom core technology driving capabilities, and has laid out optical quantum chips, dedicated optical quantum computers, photonic processors, optical quantum measurement and control systems, optical quantum EDA software, and solvers. Full-stack software and hardware products, such as algorithm security platform and quantum cloud intelligent computing platform, empower artificial intelligence, financial technology, biomedicine, communication encryption and other fields, and form industrialized solutions.
In terms of hardware, in July last year, Jin Xianmin’s team cooperated with the Binhu District Government of Wuxi to start the construction of a photonic chip pilot line. Within two years, it is expected to build a photonic chip cutting-edge research and industrialization support platform focusing on the needs of the new generation of information technology, and build core technologies and industries. The form-focused “Photonics Valley” will create a new generation of photonic technology industrial clusters driven by the underlying technology of photonic chips and oriented towards quantum computing, artificial intelligence, optical communications, optical interconnection, lidar, imaging and display, and intelligent sensing. “Turing Quantum” cooperates with Shanghai Jiaotong University Wuxi Photonic Chip Research Institute, National Supercomputing Wuxi Center and other institutions, relying on the accumulation of quantum technology and supercomputing technology, focusing on the “quantum-classical” hybrid architecture, and building a quantum artificial intelligence computing center— — Taihu Quantum Intelligent Computing Center.
The core team of “Turing Quantum” uses quantum computing, quantum heuristic algorithms and artificial intelligence algorithms as the underlying solution technology, and develops the TuringQ solver, which can screen a large number of possibilities according to the characteristics of the problem to be solved, so as to select appropriate algorithm parameters and type, faster and higher quality solutions. In extensive testing, performance has improved.
In terms of landing, “Turing Quantum” has reached strategic cooperation with a number of banks including Bank of China and China Merchants Bank.
Jin Xianmin, founder and CEO of “Turing Quantum”, said: “Our team has a deep technical accumulation and a reasonable strategic layout. Industry-oriented product iterations and market development. In the new year, the company will continue to grow in size, recruit talents, and accelerate our own ‘Moore’s Law’.”
China Network Investment said: “Quantum computing, as the core technology that will drive the development of the information industry in the future, has been included in major national science and technology projects. It has outstanding strategic value and is facing a longer-term future. Master the right to speak in cutting-edge technology. Due to its strong scalability, low environmental requirements, long coherence time, simple operation, fully compatible with quantum communication and traditional photon computing, optical neural network, optical communication, etc., and relatively low cost, etc. It is one of the most promising mainstream routes of quantum computing recognized in the industry at present. The Turing quantum integrated optical quantum technology solution is in line with the development trend of optical quantum routes, and will gradually transition to general quantum computing in the future, with a strong moat. As’ As an important direction of the frontier, China Online Investment hopes to use its platform and ecological advantages through investment to help “Turing Quantum” and other excellent quantum computing companies develop steadily. “
He Zhiqiang, Senior Vice President of Lenovo Group and President of Lenovo Venture Capital Group, said: “First of all, congratulations to Turing Quantum for successfully completing this strategic financing. In the era of intelligentization of everything, the demand for computing power in various industries is growing rapidly, and the industry urgently needs to explore the potential for subversion. A revolutionary computing form. Quantum computing is considered to be the most potential game-breaker in the post-Moore era, which can achieve exponential computing power improvement. However, the implementation of quantum computing needs to solve the core problems of millions of qubit manipulation capabilities, low environmental requirements, and high integration. The problem has a high entry threshold. Turing Quantum has a fully autonomous and controllable optical quantum chip and quantum algorithm double-bottom core technology driving capabilities, and has seized the opportunity for quantum computing, so that quantum computers and processors based on this , solvers can also quickly promote the digital intelligence upgrade of various industries. Relying on Lenovo Group’s global supply chain advantages and CVC2.0 ecology, Lenovo Venture Capital has rich quantum computing landing scenarios. In the future, it will join hands with Turing Quantum to lead the quantum computing field. rapid development.”
Huakong Fund said: “Quantum technology is regarded as a revolutionary technology that promotes a new generation of information technology. The development of China’s quantum computing will provide an important strategic technological force for the country to compete with the world’s technological powers in the future. Huakong Fund through top-down The industry research model focuses on the field of optical quantum computing, which has a higher threshold in the quantum information map, lower external requirements for the implementation of computing systems, and better scalability and growth. Under such circumstances, a full-stack layout integrating software and hardware for the key core links of the entire industrial chain of optical quantum computing has great development potential and investment value.”
Orient Securities Innovation stated: “As a disruptive technology, quantum technology may trigger a new industrial technology revolution once it is put into practical use. Now that the superiority of quantum has been verified, countries are conducting a quantum technology revolution. The arms race and quantum computing game are vying for the commanding heights of the next technological strategy. Turing Quantum, as the pathfinder of domestic optical quantum computing, has mastered the full-coverage full-stack core technology and launched the first domestic photonic chip pilot test line at the same time. Construction, within two years is expected to build a photonic chip cutting-edge research and industrialization support platform focusing on the needs of the new generation of information technology, and promote the development of the industrial chain. Orient Securities Innovation will continue to accompany Turing Quantum to forge ahead.”
media reports
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related events
- “Turing Quantum” completed hundreds of millions of yuan in Series A financing, led by China Net Investment 2023-01-18
- Turing Quantum completes Pre-A+ round of financing2022-02-28
- Turing Quantum Completes Hundreds of Millions of Pre-A Round of Financing, Led by Legend Capital 2021-11-10
- Turing Quantum completes angel round financing of nearly 100 million yuan, led by Lenovo Star2021-05-07
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