Quantum computing thread

Halcyon66

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A quantum computing deadline looms. It threatens to kick off the biggest cybersecurity crisis ever

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Adversaries and bad actors may already be collecting encrypted data, with the intention of launching “harvest now, decrypt later” attacks. In this scenario, information is stolen, stored and then decrypted when a full-scale quantum computer is available, he added.

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tokenanalyst

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Origin Quantum Completes Nearly 3 Billion Yuan Pre-IPO Round Financing, with Pre-Investment Valuation Reaching 21 Billion Yuan​

Origin Quantum, a leading domestic quantum computing company, recently completed a pre-IPO financing round of nearly 3 billion yuan, reaching a pre-investment valuation of 21 billion yuan. This round was led by China North Industries Group Corporation Limited (NORINCO), which invested 500 million yuan; CAS Star jointly led the round with 450 million yuan; and established institutions such as Shenzhen Capital Group, China Internet Investment Corporation (CIIC), and Hefei High-Tech Investment Group continued to increase their investment.
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As the lead investor in this round of financing, China North Industries Group Corporation Limited (NORINCO) invested 500 million yuan, marking the deep investment of national-level industrial capital in the strategic emerging field of quantum computing. Co-lead investor CAS Star invested 450 million yuan, continuing to increase its investment in hard technology. In addition, several well-known investment institutions, including Shenzhen Capital Group, China Internet Investment Corporation, and Hefei High-Tech Investment Group, also participated in this round of financing, including many long-term shareholders who have supported Origin Quantum since its early stages.
Origin Quantum's latest financing round is a pre-IPO round, with a pre-investment valuation of 21 billion yuan. With the injection of nearly 3 billion yuan, the company's capital strength has been significantly enhanced, and its listing process is expected to accelerate further. As of now, the company has not disclosed specific listing plans or information regarding its IPO filing.
Founded in 2017 and headquartered in Hefei, Anhui Province, Origin Quantum is one of the earliest companies in China to enter the field of quantum computing, and one of the few domestic enterprises that simultaneously develops full-stack quantum computing hardware, software, and cloud platforms. The company has released multiple generations of independently controllable superconducting quantum computers and is exploring the application of quantum computing in fields such as finance, biomedicine, and artificial intelligence.

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