Yaozheng Quantum has completed financing of hundreds of millions of yuan, with participation from the social security fund, Xiexin Energy Science and Technology, and others.

Hefei Yaozheng Quantum Technology Co., Ltd. recently announced the completion of hundreds of millions in Series A financing. This round was led by Shenzhen Capital Group, with the Social Security Fund Bay Area Technology Innovation Equity Investment Fund (Shenzhen) Partnership and Shenzhen Innovation Capital Investment Co., Ltd. co-investing, as well as follow-on investments from numerous institutions including GF Xinde, Jingming Capital, PwC Capital, Shoucheng Holdings, and Xiexin Energy Science and Technology. It is reported that Yaozheng Quantum was established in 2022, incubated from the team of Academician Guo Guangcan at the University of Science and Technology of China, and is a leader in the domestic QCCD technology roadmap for ion trap quantum computing.