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Core Insights - The quantum computing sector has seen significant investment, with Liangxuan Technology recently securing hundreds of millions in Series C funding, bringing its total funding to several hundred million since its inception in 2018 [2][3] Company Overview - Liangxuan Technology, founded in 2018 and headquartered in Shenzhen, has completed six rounds of financing, accumulating several hundred million in total [2] - The company has developed the world's first programmable desktop quantum computer, which has been sold to over 40 countries, and has also produced superconducting quantum chips and measurement control systems for export [2][3] Industry Challenges and Solutions - The traditional quantum computers are heavy (weighing around one ton) and expensive (costing several million dollars), making them inaccessible for most universities and research institutions [3] - Liangxuan Technology addresses this by offering a desktop quantum computer that, while not the most powerful, meets educational needs and is more affordable, priced at 400,000 yuan (approximately $60,000) [15] Market Transition and Future Outlook - The industry is transitioning from educational and research applications to industrial applications, with significant advancements expected by 2028 in fields like drug screening and new material design [5][21] - The quantum computing market is projected to exceed $1 billion in revenue by 2025, with potential growth to between $28 billion and $72 billion by 2035 [21][22] Product Development and Innovation - Liangxuan Technology's first product, the "Gemini" quantum computer, was introduced in 2020, weighing 90 kg and designed for educational use [15] - The company has also developed superconducting quantum chips, with the first exports occurring in November 2023, marking a significant milestone for Chinese companies in the global market [16] Investment and Growth Trajectory - The investment landscape for quantum computing has accelerated, with $700 million and $1.4 billion invested in 2020 and 2021, respectively, surpassing the total investment of the previous decade [19] - Liangxuan Technology has maintained a financing rhythm of approximately one round every 18 months, with a significant increase in orders, particularly for its superconducting products, which are expected to dominate sales by 2024 [21]