2025-04-09
In March 2025, Logical Qubit Technology completed an angel financing round totaling tens of millions of RMB. The round was led by Oriental Fortune Capital, with participation from the Zhejiang Provincial Sci-Tech Innovation Parent Fund (Phase I), Huaxia Hengtian, West Lake Sci-Tech Venture Capital, Oufang Angel, and several institutional and individual investors. The funds will primarily be used for superconducting quantum chip fabrication and the procurement of quantum measurement and control equipment.
Previously, in January 2024, Logical Qubit Technology completed its seed financing round with investments from ZJU Joint Innovation Investment and the Zhejiang University alumni-backed Oufang Angel fund.
In October 2020, Chinese President Xi Jinping emphasized the importance of "grasping the major trend of quantum technology and securing strategic advantages early." During China's 2025 National Two Sessions, "quantum technology" once again became one of the key topics highlighted in the government work report and discussions among delegates and political advisors.
As a frontier of the new wave of technological revolution and industrial transformation, the global technology landscape has now quietly entered the quantum era. Google's Willow and IBM's Heron processors continue to advance the global quantum computing race, while international competition in quantum information science accelerates rapidly. Led by the United States, countries and regions around the world have incorporated quantum technology into their national strategic plans and are steadily increasing investment in quantum research and development. The strategic importance of quantum technology continues to rise, signaling the arrival of a new technological era.
Amid this global competition, Logical Qubit Technology — a superconducting quantum computing team based in Hangzhou — has spent fourteen years building deep expertise in superconducting quantum systems, repeatedly setting world records in the field while securing core patents in quantum chip technologies. Its latest superconducting quantum chips have reached world-class standards with more than 100 qubits, while earning broad recognition from both academia and industry through high coherence times and high-fidelity quantum gate operations.
Since its founding, Logical Qubit Technology has remained committed to realizing universal quantum computing and steadfastly advancing superconducting quantum systems as one of the most promising pathways toward scalable quantum computing. Looking ahead, the company will continue investing in manufacturing scale expansion, market development, and intensified R&D efforts, accelerating product iteration and driving breakthroughs in superconducting quantum computing technologies.
Investor Perspective
Quantum computing, as the strategic high ground of quantum technology, is reshaping trillion-dollar industries including AI, finance, pharmaceuticals, and energy through its disruptive computational capabilities. It is expected to become a core engine driving the next generation of industrial transformation. Oriental Fortune Capital remains highly optimistic about the transformative opportunities in the quantum sector under China's national strategic initiatives.
Since its establishment, Logical Qubit Technology has achieved internationally leading performance in three core metrics through its independently developed end-to-end chip fabrication processes: 100-qubit-scale superconducting quantum chips, coherence times exceeding 100 microseconds, and ultra-high gate fidelities. The company's technological progress remains aligned with the global frontier represented by Google's superconducting quantum computing roadmap.
