2024-01-19
Recently, Logical Qubit Technology completed a seed financing round totaling tens of millions of RMB. The round was led by ZJU Joint Innovation Investment, with participation from the Zhejiang University alumni-backed Oufang Angel fund and several individual investors. The funding will primarily be used to expand the company's talent team and accelerate technology and product iteration.
Quantum computing is a new computing paradigm based on the principles of quantum superposition, coherence, and entanglement, with the potential to achieve exponential speedups over classical computing for certain tasks. However, current physical quantum systems still suffer from relatively high qubit error rates, making large-scale high-precision quantum computation extremely challenging.
Building large-scale physical qubit systems and applying quantum error correction algorithms to construct ultra-low-error "logical qubits" is considered the essential path toward high-precision universal quantum computing. Superconducting quantum computing, built upon mature micro- and nano-fabrication technologies together with RF control technologies, offers advantages including high integrability, controllability, and flexibility, making it one of the mainstream platforms for fault-tolerant quantum computing.
Logical Qubit Technology was founded in Hangzhou in June 2022 with the vision of realizing ultra-low-error logical qubits and developing scalable superconducting quantum computing systems. The company's core members originate from the superconducting quantum computing team at Zhejiang University. The team began its research in 2010 and subsequently achieved 10-qubit and 20-qubit control systems, twice setting world records for the number of globally entangled qubits in superconducting quantum systems.
In 2021, the team released the 30-qubit "Moganshan-1" and "Tianmu-1" three-dimensional packaged quantum chips. In 2022, the team further developed the "Tianmu-2" quantum chip with more than 100 qubits and average coherence times exceeding 100 microseconds. Over the years, the team has established deep technical expertise spanning the entire superconducting quantum computing stack, including quantum chip design, micro- and nano-fabrication, RF control technologies, quantum computing, and quantum simulation.
Investor Perspectives
"In the future, quantum computers and classical computers are expected to complement each other. Quantum computers possess unparalleled advantages in certain parallel tasks, highly complex computational problems, and quantum algorithms. Simply put, they may solve problems in seconds that would take classical computers years — or even problems that classical computers cannot solve at all. We are highly optimistic about the broad application potential and long-term future of quantum computing."
"With the arrival of the second wave of the quantum technology revolution in the 21st century, emerging technologies such as quantum computing, quantum communication, and quantum sensing are rapidly developing. Quantum computing holds enormous potential for solving specific classes of computational problems and may drive a new industrial revolution, becoming a central focus of global technological competition among major countries.
