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Quantum Startup Taiyi Liang Sheng Raises Over RMB 1B in 8 Months

Taiyi Liang Sheng (Shanghai) Quantum Technology announced on October 10 a new funding round that brings its total raised to more than RMB 1 billion since its founding just over eight months ago. New investors include Jinqiu Fund, Yunbo Capital, Hongruida Investment, Chengdu Hi-Tech Vision Fund and Lingang Frontier Investment, while existing backers Huakong Fund, Hengxu Capital, Boyuan Capital, Gaomai Investment and Yarui Capital increased their positions.

Original source

AI take

The speed and breadth of this raise says less about quantum computing's near-term commercial readiness than about how aggressively Chinese state-linked and private capital are positioning in the sector. The mix of new entrants and follow-on backers suggests conviction is broadening rather than concentrating, which matters for how talent and hardware supply chains get financed domestically. Whether this pace of formation-to-funding continues across other quantum startups is the open question.

Generated by AI for reference only.

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