Logic Bit Technology has completed two rounds of financing totaling hundreds of millions of yuan.

On March 17, it was learned from Jiemian News that LogicBit Technology has completed two rounds of financing worth hundreds of millions of yuan, namely Pre-A+ and Pre-A++. The Pre-A++ round was led by DC Financial Intelligence and Wei Capital, with follow-up investments from Huakong Fund, DeepVC, Kangjun Capital, and existing shareholders such as Zhejiang University Alliance Innovation, Oriental Jiafu, Huaxia Hengtian, Chengruisheng, and Xihu Science and Technology Venture Capital. The Pre-A+ round investors were Haiwang Capital under Pudong Science and Technology Innovation Group, Lushi Investment, and existing shareholder Zhejiang Province Innovation Investment Group. It is reported that the two rounds of financing will be mainly used to accelerate the development of superconducting quantum computing chips and the whole machine, including the improvement of chip nanofabrication equipment, acceleration of quantum computing control platform construction, and deployment of quantum computing cloud platforms.