MatriQ has completed three rounds of hundreds of millions of yuan in financing in a row within half a year, accelerating its progress towards logical qubits and commercial delivery.
Recently, "Hangzhou Atomic Matrix Computing Co., Ltd." (MatriQ, hereinafter referred to as "Atomic Matrix") announced the completion of Series A financing. This round of financing was led by Lisi Capital, with Minyin International participating. Old shareholders Vertex Ventures China and L2F Light Source Entrepreneurs Fund continued to make additional oversubscribed investments. Light Source Capital, as an early incubator, has long and firmly accompanied the company's growth. So far, Atomic Matrix has completed three consecutive rounds of hundreds of millions of yuan in financing within half a year, fully confirming the high recognition of the capital market for the feasibility of its technical route and the effectiveness of its commercialization promotion.
Currently, the popularity of the neutral atom quantum computing track continues to rise, the number of market participants is increasing, and the expressions of technical indicators are becoming more diverse, which also increases the difficulty for investors and industry players to identify "enterprises with real implementation capabilities". At present, the industry has gradually reached a consensus that when evaluating the technological maturity of neutral atom enterprises, the following core dimensions need to be focused on: whether the whole - machine system can be demonstrated in real - time; whether it has the ability to programmatically rearrange a large - scale atomic array, realizing the transformation from random loading to the preparation of a defect - free array; whether it has entered the stage of quantum error correction to generate logical qubits; whether the technological achievements can be verified by users. These are exactly the core directions that Atomic Matrix has been focusing on in the past year or so.
"Real - machine type company": Achieving engineering breakthroughs that are demonstrable, verifiable, and iterable
In the field of quantum computing, the gap between "real - machine implementation" and "theoretical papers" is often the key dividing line for enterprises to enter the industrialization track. Atomic Matrix has successfully crossed this threshold, fully completed the construction of the whole - machine system for neutral atom quantum computing, and officially entered the engineering stage that is demonstrable, verifiable, and iterable. The Atomic Matrix team has stably constructed and operated an array of 2048 defect - free physical qubits. The system supports a regional partition architecture with a storage area and an entanglement area, and can implement high - fidelity global and local single - qubit gates and global two - qubit gate operations. This whole - machine system already has the ability to be demonstrated on - site in real - time and can achieve continuous and stable operation.
Large - scale array rearrangement and error correction: Gradually moving from physical qubits to logical qubits
Recently, the Atomic Matrix team completed a key capability demonstration for a scalable neutral atom quantum computing system, namely the ability to programmatically rearrange a large - scale atomic array and the ability to move atoms based on the "storage - entanglement" partition architecture, reaching the international forefront level. The former aims to transform randomly loaded atoms into an ordered and defect - free atomic array through rearrangement, reflecting the system's ability to prepare a large - scale quantum processor; the latter aims to dynamically reconstruct the storage zone and the entanglement zone in the same system, providing the underlying movement ability for error correction, logical operations, and fault - tolerant quantum computing (FTQC, Fault Tolerant Quantum Computing). In the future, the Atomic Matrix team will continue to publicly demonstrate the complete quantum error correction cycle (QEC Cycle).
A partition architecture for neutral atom quantum computing: The upper part is a large - scale storage area for holding and arranging qubit arrays; the lower part is an entanglement area for performing local two - qubit entanglement operations
The dynamic movement of the movable auxiliary atomic array between the storage area and the entanglement operation area, used to demonstrate the basic unit of atomic movement compatible with the surface code
Customer and scenario verification: Moving from the laboratory to the commercial delivery stage in a real industrial environment
The core value of technology ultimately needs to be tested through delivery in real scenarios. Based on the accumulation of a professional team in top - level laboratories and early - stage entrepreneurship over the years, Atomic Matrix has completed the technical finalization and commercial polishing of its first commercial product, and has fully shifted from the technology R & D stage to the market commercialization stage. It is fully engaged in connecting with the first batch of benchmark customers and promoting pilot cooperation and scenario testing.
In the future, Atomic Matrix will accelerate simultaneously on three main lines: optimization of the whole - machine engineering, technical breakthroughs in logical qubits, and promotion of commercial delivery. From the laboratory to the real commercial environment, from whole - machine deployment to cloud services, Atomic Matrix is steadily moving towards the long - term goal of general quantum computing along the clear industrialization path of neutral atom quantum computing.
Lisi Capital said: "The key to winning in quantum computing in the next decade lies in engineering, not physics. We have been paying attention to the neutral atom route for a long time. Several key breakthroughs after 2022 essentially mean that the engineering solutions have begun to take on a deliverable form - this is the core reason why we chose to support Atomic Matrix at this time. Atomic Matrix has put 'mass production' and 'delivery' at the top of its list. Many engineering issues that are only intensively addressed after real - world delivery, they have been advancing one by one. This engineering - first judgment, combined with the team's complete capabilities from underlying physics to the whole - machine system, gives us full confidence in the position they can reach on this route."
The investment team of Minyin International said: "We are very honored to participate in this round of financing of Hangzhou Atomic Matrix and walk with such an excellent team. Quantum computing is a key track that defines the future computing power pattern. The neutral atom route where Atomic Matrix is located shows a clear prospect of reaching a practical whole - machine with its solid physical foundation and excellent engineering feasibility. We highly recognize the technical strength of the Atomic Matrix team - originating from the top - level scientific research system, it has the full - stack capabilities from underlying physics to the whole - machine system, and its iteration speed and engineering completion are both impressive. We firmly believe in the long - term prospects of Atomic Matrix and believe that the company has the potential to grow into one of the most representative whole - machine enterprises in the field of quantum computing in China. We are deeply honored and full of expectations to become their partner at this critical stage."
Li Wei, Executive Partner of Vertex Ventures China, said: "Congratulations to the Atomic Matrix team on achieving exciting technological breakthroughs, realizing a larger - scale physical qubit array, higher fidelity, and more comprehensive full - stack capabilities in quantum computing, and accelerating towards obtaining logical qubits, error correction, and commercial implementation. As an old shareholder, Vertex Ventures will continue to make additional oversubscribed investments and join hands with the company to create the future of next - generation quantum computing technology."
Zheng Xuanle, Founder and CEO of Light Source Capital and Managing Partner of L2F Light Source Entrepreneurs Fund, said: "Neutral atoms are one of the quantum computing technology routes with the strongest development momentum globally at present. As a benchmark enterprise in this field in China, Atomic Matrix not only leads in the scale of physical qubits in China but also successfully opens up the core path of logical qubits and quantum error correction. Its self - developed whole - machine system can be demonstrated on - site and operate stably and continuously. Light Source Capital has been deeply involved in accompanying the growth of Atomic Matrix since the early incubation stage, witnessing every key leap of this team from the construction of the whole - machine system to the breakthrough of logical qubits and then to commercial implementation. We believe that Atomic Matrix is becoming the most representative company in the engineering of neutral atom whole - machines in China, and we also look forward to its accelerating the opening of cloud computing power, deeply cultivating and laying out the industrial ecosystem, and continuously leading the industry forward in the future."
Huang Xinxin, Head of the Incubation Business of Light Source Capital, said: "After the release of relevant policies in the 14th Five - Year Plan, the domestic quantum computing track has witnessed a new round of financing boom. Driven by the general trend of industry development, a large number of start - up enterprises have emerged rapidly, further intensifying the complexity of the market competition pattern and increasing the difficulty for investment institutions to make judgments. Regarding the judgment of the core winning factors in the future of the industry, Atomic Matrix has given a clear answer through its continuously implemented technological achievements: real - machine performance, atomic array technology, quantum error correction ability, and commercial customer verification. The comprehensive evaluation from the perspective of commercial implementation is the core basis for our continuous and firm support and heavy investment in this team. The heat of capital and information overload will not shake the essential logic of business. We are long - term optimistic about Atomic Matrix's continuous leadership in the cutting - edge innovation and industrial development of the domestic neutral atom quantum computing field."