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

Origin Quantum Overview

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

ChinaHefei

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

Origin Quantum valuation by funding round
DateStageValuation
Jun 2026Undisclosed stage$3.5B
Jul 2022Series 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

Origin Quantum funding rounds
DateStageInvestorsRaisedValuationDeal Summary
Jun 2026Undisclosed stageNorincogroup (lead); China Investment Corporation; People's Capital; Hefei High-tech VC; Qingdao Zhongke Yucheng Investment Management; Shenzhen Capital Group; CAS Star$443M$3.5BOrigin 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 2022Series BShenzhen Capital Group (lead)$149M$1BOrigin 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 2018Series BJLT (lead)$3M--
Nov 2017Series AHefei 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

Investors in Origin Quantum by funding rounds participated
InvestorHQRoundsRoleFirst check
Shenzhen Capital GroupChinaShenzhen2LeadJul 2022
China Investment CorporationChinaBeijing1ParticipantJun 2026
NorincogroupChinaBeijing1LeadJun 2026
People's CapitalChinaShanghai1ParticipantJun 2026
Hefei High-tech VCChinaHefei1ParticipantJun 2026
JLTChinaBeijing1LeadJan 2018
Qingdao Zhongke Yucheng Investment ManagementChinaQingdao1ParticipantJun 2026

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Origin Quantum Competitors

Origin Quantum competitors include listed companies like TRS Information Technology and Snowflake, and private ones like Dataiku, Certus Core, SandboxAQ and Decart.

Public and private companies comparable to Origin Quantum
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
DataikuUnited StatesNew York City, NYPrivate$150M-$3.7B24.7x
Certus CoreUnited StatesTampa, FLPrivate--$3.4B-
TRS Information TechnologyChinaChinaPublicly listed$76M($20M)$1.7B19.7x
SnowflakeUnited StatesUnited StatesPublicly listed$4.7B($1.3B)$119B21.0x
SandboxAQUnited StatesSan Francisco, CAPrivate--$5.8B-
DecartUnited StatesSan Francisco, CAPrivate--$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 FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
Dameng Database$195M$84M15.3x12.5x35.5x27.6x
Xunce Technology$192M($15M)21.3x13.4x(264.0x)415.8x
Teradata$1.7B$285M1.4x1.5x8.4x5.3x
Affle 3i$282M$67M7.4x6.7x31.3x29.5x
Ncino$595M$65M4.3x4.0x39.0x15.8x
Haizhi$93M($30M)21.5x16.3x(67.1x)(440.4x)
Business-intelligence$389M$54M6.6x5.9x47.7x-
Transwarp$67M($31M)27.5x28.0x(59.8x)-

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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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