"Logic Bit Technology" has completed two rounds of financing worth hundreds of millions of yuan.

36Kr learned that recently, "LogicBit Technology" has successfully completed two rounds of financing worth hundreds of millions of yuan, namely the Pre-A+ and Pre-A++ rounds. The Pre-A++ round was co-led by Fortune Capital and Matrix Partners China, with follow-on investments from Huakong Fund, Shenzhen Capital Group, and Kangjun Capital. Existing shareholders such as Zhejiang University Association for Innovation and Entrepreneurship, Orient Fortune Capital, Huaxia Hengtian, Chengrui Sheng, and West Lake Science & Technology Innovation Investment continued to increase their stakes. The investors in the Pre-A+ round were Haiwang Capital under Pudong Science and Technology Innovation Group, Lushi Investment, and existing shareholder Zhejiang Provincial Innovation Investment Group (formerly Zhejiang Financial Holding). The funds from these two rounds of financing will be mainly used to accelerate the development of superconducting quantum computing chips and complete machines, including improving chip micro-nano processing equipment, accelerating the construction of quantum computing control platforms, and deploying quantum computing cloud platforms.