SpinQ Technology Revenue, Valuation, Funding & Investors
SpinQ Technology is valued at $118M as of June 2024, a 16.9x multiple on its last reported $7M revenue.
Last SpinQ Technology valuation
$118M
Strategic investment · Jun 2024
Last SpinQ Technology funding round
$67M
Strategic investment · Aug 2026
SpinQ Technology revenue
$7M
Strategic investment · Jun 2024
Key investors in SpinQ Technology
Addor Capital
Shenzhen Guozhong Venture Capital Management
Hongtai Capital Holdings
Hengxu Capital
Shang Qi Capital
Caitong Capital
About SpinQ Technology
SpinQ Technology is a Shenzhen-based quantum computing firm producing desktop nuclear magnetic resonance systems and superconducting processors. Its Gemini Mini and Gemini models run 2-3 qubit algorithms for education and research in universities across China and the US. The company develops Q-OS software for circuit simulation and cloud access to larger 12-qubit systems hosted in Hefei labs.
Founded
2018
HQ
ShenzhenWebsite
Status
Privately held
Customer focus
B2B
Revenue model
Product sales
Revenue
$7M (Jun 2024)
Valuation
$118M (Jun 2024)
SpinQ Technology Valuation
SpinQ Technology is currently valued at $118M, based on its strategic investment round in June 2024.
The $5M round was led by GoFintech Quantum.
SpinQ Technology valuation by funding round
| Date | Stage | Valuation | Revenue Multiple |
|---|---|---|---|
| Jun 2024 | Strategic investment | $118M | 16.9x |
SpinQ Technology Revenue
SpinQ Technology's latest recorded revenue is $7M, as of its strategic investment round in June 2024. At a $118M valuation, that implies a 16.9x revenue multiple.
SpinQ Technology revenue by funding round
| Date | Revenue * | Valuation | Revenue Multiple | Stage |
|---|---|---|---|---|
| Jun 2024 | $7M | $118M | 16.9x | Strategic investment |
* Revenue (or ARR) figures are the values recorded alongside each funding round. Typically run-rate revenue at the time of the deal, or a reported LTM (last 12 months) revenue.
SpinQ Technology Funding History
SpinQ Technology has raised a total of $320M across 6 funding rounds.
SpinQ Technology's first fundraising round was a $13M Series B in September 2022. The most recent completed round was a $67M strategic investment round in August 2026.
SpinQ Technology funding rounds
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| Aug 2026 | Strategic investment | iBANK (lead) | $67M | - | iBANK invested £50 million in SpinQ in August 2026 to support the company’s personal quantum and training initiatives. The transaction is a strategic investment positioned around SpinQ’s quantum computing business, including product deployment and capability-building efforts. SpinQ is a Shenzhen-based quantum computing company focused on full-stack quantum hardware and practical computing solutions, with products deployed in more than 40 countries and development spanning superconducting quantum chips, fault-tolerant systems, and training-related offerings. The company has been scaling its industrialization efforts through continued private fundraising and expanded production and R&D capabilities. |
| Jun 2026 | Series D | Shenzhen Guozhong Venture Capital Management; Hengxu Capital; Lan Kun; Shang Qi Capital; Shenzhen Press Group; Industrial Securities Capital; Hongtai Capital Holdings; Bojia Capital; Shanghai Pudong Science and Technology Investment; AVIC Honghua; Shanghai Electric Power Technology; Zero2IPO | $148M | - | SpinQ Technology, a Chinese quantum computing developer, completed its Series D funding round on June 30, 2026, raising 1 billion Chinese yuan (approximately $147 million USD) to advance the development of fault-tolerant superconducting quantum computing platforms. This round, driven by a consortium including CICC Capital, Shenzhen TopoScend Capital, Shanghai Semiconductor Industry Investment, AVIC Honghua, and Shanghai SEARI Private Equity Investment Management, with existing shareholders also participating, brings the company's total capital raised to 2 billion yuan over the past six months, following a Series C+ round of 600 million yuan in April 2026. The newly acquired funds will be primarily directed toward developing a full-stack solution for fault-tolerant quantum computers, updating manufacturing processes for high-qubit superconducting quantum chips, and expanding the international ecosystem. SpinQ, a leading global provider of full-stack quantum computing solutions, has invested in its own superconducting quantum chip production line in the Shenzhen-Hong Kong Innovation and Technology Cooperation Zone and expects to deliver a 100-qubit quantum computer by the end of 2026, according to founder and CEO Xiang Jingen. The company is preparing for a Hong Kong or Shenzhen Stock Exchange listing within 12-18 months, demonstrating confidence in its commercialization strategy and positioning itself as a key player in China's quantum computing growth sector. |
| Apr 2026 | Series C | Addor Capital; Huaqiang Capital; Sichuan Jinduo; Chengdu Tianchuang Investment; Caitong Capital; Huaqiang Ziben; Co-Stone Venture Capital; Jinding Capital; Guotai Junan Innovation Investment; Sichuan Industrial Revitalization & Development Investment Fund | $87M | - | - |
| Jan 2026 | Series C | Addor Capital (lead); Hainan Airlines (lead); HTHS Capital (lead); Jadex Capital (lead); Qingdao Jinshi Haorui Investment (lead); Shenzhen Longli Tech (lead); Kuang Zhong; Zuoquan Xia | - | - | SpinQ Technology, a Shenzhen-based quantum computing company founded in 2018, completed a Series C financing round on January 21, 2026, raising hundreds of millions of RMB. The round was co-led by Shenzhen Longli Technology, Jadex Capital, HTHS Capital, Addor Capital, Qingdao Jinshi Haorui Investment, and Hainan Airlines (Hainan Fengkaixiang), with participation from existing investors Kuang Zhong and Zuoquan Xia. The funds will support core technology iteration in superconducting quantum computing, industrial expansion, commercialization, and global outreach. SpinQ develops full-stack quantum systems including hardware, software, and services, with a dual strategy of portable educational-grade NMR quantum computers sold to over 200 universities and institutions in more than 40 countries, and industrial-grade superconducting systems for sectors like finance, biopharma, and materials science. The company has established commercial traction through exports and deployments, positioning itself as a leader in quantum commercialization with large-scale delivery capabilities. This Series C builds on prior funding, bringing total capital to several hundred million RMB across six rounds, and aligns with China's push for quantum sector growth and supply chain resilience. SpinQ plans a 100-qubit system by end-2026 and a potential Hong Kong or Shenzhen listing within 12-18 months. |
| Jun 2024 | Strategic investment | GoFintech Quantum (lead) | $5M | $118M | Shenzhen SpinQ Technology Co., Ltd., a quantum computing company, received HKD 39.5 million in funding from GoFintech Innovation Limited (via subsidiary Chuangqi International) in June 2024. GoFintech acquired a 4.2726% stake, implying a post-money valuation of approximately HKD 925 million. The investment coincided with a strategic cooperation agreement to explore quantum science applications in financial technology, financial education, and quantum finance, including international capital market connections for SpinQ. This funding round aligns with SpinQ's commercialization efforts in quantum computing hardware and solutions, serving universities, enterprises, and research institutions globally. The company later secured larger Series B funding worth several hundred million RMB in mid-2025 from investors including CCB Private Equity and Liangxi Sci-Tech City Development Fund, followed by a Series C round also raising hundreds of millions RMB, co-led by Longli Technology and others, to advance superconducting quantum technologies and global expansion. |
| Sep 2022 | Series B | Shenzhen Angel FOF (lead); SZHTI Group (lead); Ruixin Shunying Investment Fund | $13M | - | - |
Who has invested in SpinQ Technology?
34 investors have backed SpinQ Technology across its funding rounds, including Addor Capital, Shenzhen Guozhong Venture Capital Management, Hongtai Capital Holdings, Hengxu Capital, Shang Qi Capital and Caitong Capital.
Lead investors include iBANK, Addor Capital, Hainan Airlines, HTHS Capital, Jadex Capital and 5 other investors.
SpinQ Technology Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| Nanjing | 2 | Lead | Jan 2026 | |
| Shenzhen | 1 | Lead | Sep 2022 | |
| Shenzhen | 1 | Participant | Jun 2026 | |
| Shanghai | 1 | Participant | Jun 2026 | |
 London | 1 | Lead | Aug 2026 | |
| Shanghai | 1 | Participant | Apr 2026 | |
| Shenzhen | 1 | Lead | Jan 2026 | |
![](data:image/svg+xml,<svg xmlns="http://www.w3.org/2000/svg" width="20" height="20" viewBox="0 0 20 20"><rect fill="%23e5e7eb" width="20" height="20" rx="4"/></svg>){kind=small} Lan Kun | -- | 1 | Participant | Jun 2026 |
| China | 1 | Participant | Jun 2026 | |
| Shanghai | 1 | Lead | Jan 2026 | |
| Kuang Zhong | -- | 1 | Participant | Jan 2026 |
| Sichuan Jinduo | China | 1 | Participant | Apr 2026 |
| Hainan | 1 | Lead | Jan 2026 | |
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Start Free TrialSpinQ Technology Competitors
SpinQ Technology competitors include listed companies like SemiFive and Exascale Labs, and private ones like OpenLight, Fabric Cryptography, Gejian Semiconductor and Core and Things.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
 United States | Private | - | - | $49M | - | |
| San Francisco, CA | Private | - | - | $118M | - | |
| Shanghai | Private | - | - | $104M | - | |
| Shanghai | Private | - | - | $157M | - | |
 South Korea | Publicly listed | $80M | ($31M) | $372M | 3.5x | |
| United States | Publicly listed | $7M | ($8M) | $185M | - |
SpinQ Technology Public Comps
SpinQ Technology is still privately-owned, but its public comps include Major Power Technology, Kalray, JIG-SAW, Stradvision, MagnaChip Semiconductor, EnSilica, Raontech, Blaize Holdings, D&O Green Technologies and LGL Group.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $14M | $4M | 7.9x | - | 24.5x | - | |||
| $19M | $161K | 6.0x | 5.4x | 699.8x | 22.4x | |||
| $23M | $4M | 4.3x | 4.3x | 22.1x | - | |||
| $13M | ($21M) | 6.6x | 6.9x | (4.2x) | - | |||
| $179M | ($23M) | 0.3x | 0.3x | (2.5x) | - | |||
| $24M | ($1M) | 6.0x | 3.7x | (117.8x) | 21.9x | |||
| $6M | ($3M) | 15.6x | - | (29.2x) | - | |||
| $39M | ($205M) | 1.3x | 1.3x | (0.2x) | (0.9x) | |||
This data is available for Pro users. Sign up to see all SpinQ Technology competitors and their valuation data. Start Free Trial | ||||||||
Common questions about SpinQ Technology
| When was SpinQ Technology founded? | SpinQ Technology was founded in 2018. |
| Where is SpinQ Technology headquartered? | SpinQ Technology is headquartered in Shenzhen, China. |
| Is SpinQ Technology publicly listed? | No, SpinQ Technology is a private, VC-backed company. |
| What is SpinQ Technology's valuation? | SpinQ Technology was last valued at $118M in its strategic investment round in June 2024. |
| How much funding has SpinQ Technology raised? | SpinQ Technology has raised $320M across 6 funding rounds. |
| What was SpinQ Technology's last funding round? | SpinQ Technology's last funding round was a $67M strategic investment round in August 2026, led by iBANK. |
| Who are SpinQ Technology's investors? | SpinQ Technology's investors include Addor Capital, Shenzhen Angel FOF, Shenzhen Guozhong Venture Capital Management, Hengxu Capital, iBANK, Huaqiang Capital, HTHS Capital, Lan Kun, Shang Qi Capital, Jadex Capital and 24 others. |
| What is SpinQ Technology's revenue? | SpinQ Technology's latest recorded revenue is $7M (June 2024). |
| What is SpinQ Technology's revenue multiple? | SpinQ Technology's latest valuation implies a 16.9x revenue multiple ($118M valuation on $7M of revenue). |
| Which companies are comparable to SpinQ Technology? | Companies comparable to SpinQ Technology include OpenLight, Fabric Cryptography, Gejian Semiconductor, Core and Things, SemiFive and Exascale Labs. |
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