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- Origin Quantum
Origin Quantum Valuation, Funding & Investors
Origin Quantum is valued at $3.5B as of June 2026.
Last Origin Quantum valuation
$3.5B
Undisclosed stage · Jun 2026
Last Origin Quantum funding round
$443M
Undisclosed stage · Jun 2026
Cumulative funding Origin Quantum raised
$597M
across 4 funding rounds
Key investors in Origin Quantum
Shenzhen Capital Group
CAS Star
China Investment Corporation
Hefei High-tech VC
Hefei Gaoxin Development & Investment Group Company
People's Capital
About Origin Quantum
Origin Quantum is a Hefei-headquartered full-stack quantum computing firm delivering cloud-based access to superconducting processors. It produces Wuyuan chips with 72 qubits and develops quantum software libraries for optimization and machine learning. The company operates China's first quantum cloud platform serving over 10,000 developers. Established in 2017, Origin Quantum partners with Baidu and Alibaba Cloud on hybrid quantum applications.
Founded
2017
HQ
Website
Status
Privately held
Customer focus
B2B
Revenue model
Subscription, Usage-based
Valuation
$3.5B (Jun 2026)
Origin Quantum Valuation
Origin Quantum is currently valued at $3.5B, based on its undisclosed-stage round in June 2026.
The $443M round was led by Norincogroup, with participation from China Investment Corporation, People's Capital, Hefei High-tech VC, Qingdao Zhongke Yucheng Investment Management, Shenzhen Capital Group and 1 other investor.
Origin Quantum's valuation has grown 3.4x from $1B at its Series B in July 2022 to $3.5B in June 2026, across 2 priced rounds.
Origin Quantum valuation by funding round
| Date | Stage | Valuation |
|---|---|---|
| Jun 2026 | Undisclosed stage | $3.5B |
| Jul 2022 | Series B | $1B |
Origin Quantum Funding History
Origin Quantum has raised a total of $597M across 4 funding rounds.
Origin Quantum's first fundraising round was a $2M Series A in November 2017. The most recent completed round was a $443M undisclosed-stage round in June 2026.
Origin Quantum funding rounds
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| Jun 2026 | Undisclosed stage | Norincogroup (lead); China Investment Corporation; People's Capital; Hefei High-tech VC; Qingdao Zhongke Yucheng Investment Management; Shenzhen Capital Group; CAS Star | $443M | $3.5B | Origin Quantum is reported to have been preparing a pre-IPO or STAR Market transaction tied to a valuation of about USD 950 million, with discussions framed around roughly USD 165 million in financing and a 72-qubit Wukong system as part of the company’s commercialization narrative. A separate 2026 market roundup says Origin Quantum announced a SPAC merger in February 2026 with Real Asset Acquisition Corp at a USD 1.8 billion pre-money valuation, with closing expected around June 2026 and potential proceeds of more than USD 450 million at closing. Strategically, the company sits at the center of China’s quantum-computing push, where earlier rounds were backed by government-linked investors and later financing shifted toward larger institutional support. One 2026 industry report says Origin Quantum’s 2022 Series B raised USD 148 million, and that before 2022 Chinese quantum rounds were usually small and often funded by vehicles such as CAS Star, Shenzhen Angel FOF, and Hefei High-tech VC. The same report places Origin Quantum among the leading superconducting-quantum companies in China. Origin Quantum is a Chinese superconducting quantum-computing company led by Professor Guo Guoping of USTC. Its Wukong system is described as a 72-qubit processor, and one report says the system was used to fine-tune a billion-parameter AI model. The company’s operations are presented as part of a broader commercialization effort in quantum hardware and software, but no revenue or EBITDA figures were identified in the supplied results. |
| Jul 2022 | Series B | Shenzhen Capital Group (lead) | $149M | $1B | Origin Quantum, founded in 2017 in Hefei, China by Professor Guo Guoping from the Chinese Academy of Sciences' quantum information lab, develops a full-stack quantum computing platform including superconducting and semiconductor quantum computers (e.g., 24-qubit device), control systems, cryogenic equipment, software like Origin Pilot OS and QPanda framework, and applications such as ChemiQ for quantum chemistry and QCFD for fluid dynamics. The company raised $148M (1B CNY) in its Series B round on July 22, 2022, led by Shenzhen Capital Group's Hotland Investment with participation from CITIC Securities, China International Capital Corporation, Bank of China Group Investment, Anhui State-owned Capital Operation Holding Group, and others, following a $15.4M (100M CNY) Series A in January 2021. Origin Quantum has raised a total of around $165-294M across multiple rounds, positioning it as a leader in China's quantum computing sector alongside competitors like TuringQ and Qudoor, with advancements to 72-qubit Wukong chip and pending STAR Market IPO. |
| Jan 2018 | Series B | JLT (lead) | $3M | - | - |
| Nov 2017 | Series A | Hefei Gaoxin Development & Investment Group Company (lead) | $2M | - | - |
Who has invested in Origin Quantum?
9 investors have backed Origin Quantum across its funding rounds, including Shenzhen Capital Group, CAS Star, China Investment Corporation, Hefei High-tech VC, Hefei Gaoxin Development & Investment Group Company and People's Capital.
Lead investors include Norincogroup, Shenzhen Capital Group, JLT and Hefei Gaoxin Development & Investment Group Company.
Origin Quantum Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 2 | Lead | Jul 2022 | ||
| 1 | Participant | Jun 2026 | ||
| 1 | Lead | Jun 2026 | ||
| 1 | Participant | Jun 2026 | ||
| 1 | Participant | Jun 2026 | ||
| 1 | Lead | Jan 2018 | ||
| 1 | Participant | Jun 2026 | ||
This data is available for Pro users. Sign up to see all 9 Origin Quantum investors. Start Free Trial | ||||
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Start Free TrialOrigin Quantum Competitors
Origin Quantum competitors include listed companies like TRS Information Technology and Snowflake, and private ones like Dataiku, Certus Core, SandboxAQ and Decart.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Private | $150M | - | $3.7B | 24.7x | ||
| Private | - | - | $3.4B | - | ||
| Publicly listed | $76M | ($20M) | $1.7B | 19.7x | ||
| Publicly listed | $4.7B | ($1.3B) | $119B | 21.0x | ||
| Private | - | - | $5.8B | - | ||
| Private | - | - | $4B | - |
Origin Quantum Public Comps
Origin Quantum is still privately-owned, but its public comps include Dameng Database, Xunce Technology, Teradata, Affle 3i, Ncino, Haizhi, Business-intelligence, Transwarp, C3.ai and Presight AI.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $195M | $84M | 15.3x | 12.5x | 35.5x | 27.6x | |||
| $192M | ($15M) | 21.3x | 13.4x | (264.0x) | 415.8x | |||
| $1.7B | $285M | 1.4x | 1.5x | 8.4x | 5.3x | |||
| $282M | $67M | 7.4x | 6.7x | 31.3x | 29.5x | |||
| $595M | $65M | 4.3x | 4.0x | 39.0x | 15.8x | |||
| $93M | ($30M) | 21.5x | 16.3x | (67.1x) | (440.4x) | |||
| $389M | $54M | 6.6x | 5.9x | 47.7x | - | |||
| $67M | ($31M) | 27.5x | 28.0x | (59.8x) | - | |||
This data is available for Pro users. Sign up to see all Origin Quantum competitors and their valuation data. Start Free Trial | ||||||||
Common questions about Origin Quantum
| When was Origin Quantum founded? | Origin Quantum was founded in 2017. |
| Where is Origin Quantum headquartered? | Origin Quantum is headquartered in Hefei, China. |
| Is Origin Quantum publicly listed? | No, Origin Quantum is a private, VC-backed company. |
| What is Origin Quantum's valuation? | Origin Quantum was last valued at $3.5B in its undisclosed-stage round in June 2026. |
| How much funding has Origin Quantum raised? | Origin Quantum has raised $597M across 4 funding rounds. |
| What was Origin Quantum's last funding round? | Origin Quantum's last funding round was a $443M undisclosed-stage round in June 2026, led by Norincogroup. |
| Who are Origin Quantum's investors? | Origin Quantum's investors include Shenzhen Capital Group, China Investment Corporation, Norincogroup, People's Capital, Hefei High-tech VC, JLT, Qingdao Zhongke Yucheng Investment Management, Hefei Gaoxin Development & Investment Group Company and CAS Star. |
| Which companies are comparable to Origin Quantum? | Companies comparable to Origin Quantum include Dataiku, Certus Core, TRS Information Technology, Snowflake, SandboxAQ and Decart. |
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