Funding round
Origin Quantum Growth
Reported as "Pre-IPO"
Origin Quantum, which works in quantum computing hardware manufacturing in Hefei, raised $440M in a Growth round announced on 25 Jun 2026, led by China North Industries Group, at a $3.50B post-money valuation. 2 firms took part. It is Origin Quantum's second venture round on record; the one before was a Series B in Jul 2022.
$440M
Amount raised
3,000,000,000 CNY converted
$3.50B
Post-money valuation
$3.06B pre-money
2
Investors
1 lead
13%
Stake sold
new money over the post-money
Valuation
What this round says about the price
This round priced Origin Quantum at $3.50B after the new money. The $440M bought investors about 13% of the company. It came 47 months after Origin Quantum's Series B. It is 75% of the $588M Origin Quantum has raised in the venture rounds on record. No later venture round is on record for Origin Quantum.
Origin Quantum's funding rounds
Origin Quantum has 2 venture rounds on record. This one is highlighted.
- Series B 1 Jul 2022, led by Shenzhen Capital Group $148M
- Growth this round 25 Jun 2026, led by China North Industries Group $440M$3.50B post-money
Investors
Who put money in
China North Industries Group led the round with 1 other firm.
Lead investor
- China North Industries Group new investor
Also in the round
- Follow-on investors new investor
Use of proceeds
What the money is for
According to the announcement, the money goes to product development, scaling operations and working capital.
- Product development
- Scaling operations
- Working capital
Comparable rounds
How it compares
290 Growth rounds in Tech Companies within a year either side disclosed an amount; the median was $61M, and this round was 7.2 times the median. The closest in time, other companies' Growth rounds in Tech Companies:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| DeepSeek Tech Companies | 3 Jun 2026 | $7.40B | $50.00B | Tencent and CATL |
| Kpler Tech Companies | 3 Jun 2026 | $1.00B | not disclosed | Sixth Street |
| Ramp Tech Companies | 4 Jun 2026 | $750M | $44.00B | GIC and Iconiq Capital |
| Generalist Tech Companies | 4 Jun 2026 | $400M | $2.00B | Radical Ventures |
| AlphaSense Tech Companies | 3 Jun 2026 | $350M | $7.50B | Vitruvian Partners and Accenture Ventures |
| Tech Companies | 18 Jun 2026 | $260M | $3.00B | Bicycle.capital and Group 11 |
| Coralogix Tech Companies | 3 Jun 2026 | $200M | $1.60B | not named |
| Tech Companies | 26 Jun 2026 | $200M | not disclosed | Summit Partners |
Sources
Where this comes from
Reported by 2 sources.
Questions
Frequently asked
How much did Origin Quantum raise in its Growth round?
Origin Quantum raised $440M in its Growth round, announced in Jun 2026.
Who led Origin Quantum's Growth round?
China North Industries Group led it, with Follow-on investors.
What was Origin Quantum's valuation at the Growth round?
$3.50B post-money ($3.06B pre-money).
How does it compare with other Growth rounds in Tech Companies?
290 Growth rounds in Tech Companies within a year either side disclosed an amount; the median was $61M, and this round was 7.2 times the median.