Quantum Computing New Edge—Logic Qubit Technology Completes Seed Round Financing

2024-01-19

Recently, Logic Qubit Technology completed seed round financing worth tens of millions of RMB. This round of investment was led by Zhejiang University United Innovation, with follow-on investments from Zhejiang University Alumni Fund Zhuhang Angel and individual investors. The funds raised in this round will be used to expand the company's talent team, accelerate technology and product iteration.


Quantum computing is a new computational paradigm based on the principles of quantum superposition, interference, and entanglement. It has the potential to achieve exponential acceleration beyond classical computing in certain tasks. However, the error rates of physical qubits in all current physical systems remain relatively high, making large-scale, high-precision qubit computation impossible. Integrated, scalable physical qubits, using error correction algorithms to construct "logical qubits" with extremely low error rates, are the essential path to achieving high-precision, general-purpose quantum computing. Superconducting quantum computing relies on mature micro-nano fabrication and microwave control technologies, featuring characteristics such as easy integration, easy control, and high flexibility, making it a mainstream platform for fault-tolerant quantum computing.


Logic Qubit Technology was founded in June 2022 in Hangzhou. With the vision of realizing ultra-low error rate "logical qubits," the company is dedicated to researching and developing scalable superconducting quantum computing systems. The core members of the company come from the Zhejiang University superconducting quantum computing team. The team started in 2010 and subsequently achieved control over 10 and 20 qubits, twice setting world records for the number of globally entangled qubits in superconducting quantum systems. In 2021, they developed the "Mozheng-1" and "Tianmu-1" 30-qubit packaged quantum chips. In 2022, they further realized the "Tianmu-2" quantum chip with over 100 qubits, achieving an average coherence time exceeding 100 microseconds. This has formed a deep technological reserve covering the entire process of superconducting quantum chip design, micro-nano fabrication, microwave control, quantum computing, and simulation.


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Investor Perspectives
Ye Genyin, Zhejiang University United Innovation:
In the future, quantum computers and classical computers will form complementary advantages. Quantum computers possess incomparable advantages in certain parallel tasks, complex tasks, and quantum algorithms. Simply put, they can process some problems extremely quickly that classical computers might take a very long time (classical computers might take years, while quantum computers could take only seconds) or even problems that are fundamentally unsolvable by classical computers. We are very optimistic about the broad application space and promising future of quantum computing.
Liu Jianbin, Zhuhang Angel: Entering the 21st century, the second wave of the quantum technology revolution has arrived, giving rise to a batch of emerging technologies such as quantum computing, quantum communication, and quantum measurement. Quantum computing has enormous potential in solving specific types of computational problems and may lead a new round of industrial revolution, becoming a crucial focus in the technological competition among major nations. The Logic Qubit team originates from Zhejiang University, possessing profound scientific research沉淀 and intense entrepreneurial passion. They have set multiple world records. We believe the team will make very meaningful explorations for the industrialization and application of quantum computing in China.


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