QBoson closes a CNY 1B (~$145M) Series B led by state-backed Beijing Financial Holdings Group and ICBC Capital
Beijing-based photonic quantum computing startup QBoson closed a CNY 1 billion (~$145M) Series B led by Beijing Financial Holdings Group and ICBC Capital. QBoson (founded 2020) already offers 1,000-qubit photonic systems delivered to the National Supercomputing Center Chengdu, China Mobile Communications Group, and North China University of Technology. Proceeds fund a pilot chip production line and expansion of the Shenzhen quantum factory. The round coincides with China's 14th Five-Year-Plan 2026–2030 emphasis on commercializing quantum technologies.
A $145M round at the high end of the §8.2 Series-A hardware-startup anchor (score 7) for a Chinese photonic quantum OEM with state-backed investors, named enterprise and government-lab customers, and a funded production-line roadmap is a material capital event and concentrates capital in China's sovereign quantum agenda.
Accelerates Chinese photonic-quantum commercial capability and positions QBoson as the state-capital-preferred photonic vendor; raises competitive pressure on Xanadu, PsiQuantum, and ORCA in the photonic modality, and on QuantumCTek in the Chinese public-markets context.