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On November 10, Turing Quantum, the first optical quantum computing company in China, announced the completion of hundreds of millions of yuan of Pre-A round financing, which was led by Junlian Capital, followed by Zhongxin Juyuan, Amber Capital, Jiaoda Hanyuan Fund and other investors.

This round of financing will be mainly used for the R&D and streaming of programmable optical quantum chips, as well as the commercialization of quantum algorithms. Previously, Lenovo Star had led the Turing Quantum Angel Wheel.

Turing Quantum was founded by Jin Xianmin, a professor of Shanghai Jiaotong University, in February 2021. It is mainly based on lithium niobate thin film (LNOI) photonic chips and femtosecond laser direct writing technology to develop quantum chips that can integrate large-scale photonic circuits.

In recent years, the optical quantum computing track has been favored by capital all over the world. According to the statistics of research institutions, in the first 10 months of 2021, global quantum technology companies raised US $2.8 billion (34 in total), 2.8 times the US $1 billion in 2020, of which quantum computing companies raised nearly US $2 billion.