出品：新浪财经创投Plus 编辑整理：易舍 据中国基金业协会数据显示，2026年1月新增登记的私募股权、创业投资基金管理人共8家，同比、环比均下降62.5%；月内已注销的私募股权、创业投资基 金管理人共38家，超六成为主动注销；新增备案私募股权投资基金、创业投资基金分别为140只、408只，合计新增548只，与2025年12月相比减少20.6%， 较2025年同期显著增长66.1%。 投资端呈现出相似趋势。基于公开数据不完全统计，1月国内一级市场共发生644起股权投资事件，披露投资金额总和约为529.99亿元，对比2025年同期分别 增长2.1%、55.5%，较2025年年末分别减少16.1%、11.1%。1月平均单笔投资额约为8229.59万元，同比、环比分别增长52.5%、6.0%。 值得关注的是，AI基础大模型独角兽「阶跃星辰」完成超50亿元B+轮融资，刷新近一年内同赛道单笔最高融资纪录。旷视科技创始人、千里科技董事长印 奇出任公司董事长，负责整体战略节奏与技术方向制定。该笔标志性大额投资金额约占本月披露投资总额9.4%。 从阶段分布来看，早期阶段的种子轮、天使轮和Pre-A轮投资事件共有261起，约占 ...

Core Viewpoint - TuringQ, a quantum computing company, has successfully completed a new round of financing amounting to several hundred million yuan, focusing on the development of practical quantum computers and core technology advancements [4][6]. Financing Information - Financing Amount: Several hundred million yuan - Financing Round: Series B - Leading Investors: Includes major state-owned capital, Sichuan Industrial Revitalization Group, Shenzhen Investment Control, Fosun, and SenseTime among others [6]. - Use of Funds: The funds will be primarily allocated to the research and development of domestically controlled practical quantum computers, core technology breakthroughs, and the establishment of a high-end R&D talent team [6]. Company Overview - Founded: 2021 - Headquarters: Shanghai - Core Products: TuringQ focuses on "photon chip + quantum computing" technologies, aiming to industrialize optical quantum computing with a comprehensive product system [8]. - Key Products: TuringQ Gen2 large-scale programmable optical quantum computing system and a full-stack controllable quantum-classical hybrid computing solution [8]. Technical Highlights - Full-Chain IDM Model: TuringQ has achieved a complete closed loop from design to system integration, establishing full controllable capabilities from chips to systems [10]. - Material and Process Leadership: The company is at the forefront of developing optical silicon-based photonic chips and has established the first domestic pilot line for photonic chips [10]. - Integration of Software and Hardware: TuringQ has launched a large-scale programmable optical quantum computer and a quantum AI programming framework, collaborating with domestic GPU companies [10]. Market Potential - Quantum computing is viewed as a strategic high ground in global technological competition, with the market expected to reach $811.7 billion by 2035 [12]. - TuringQ has overcome key technological bottlenecks in optical quantum computing, enabling mass production and scalability [12]. Company Performance - TuringQ has demonstrated strong commercial growth, with orders exceeding 100 million yuan by 2025 and a compound annual growth rate of over 200% in revenue [16]. Team Background - The founder, Jin Xianmin, is a distinguished professor with over 20 years of experience in the field, leading a team with over 70% holding master's or doctoral degrees from prestigious institutions [18][19]. Founder Insights - The company has built a full-chain autonomous capability, allowing for rapid and controllable responses to iterative demands, which is a significant engineering advantage [21]. - The growth strategy involves a pyramid structure, with a focus on practical quantum computing and the construction of a "quantum+" ecosystem [22]. Investor Perspectives - Investors recognize TuringQ's core advantages in photonic chip preparation and its potential to drive industrialization and market expansion [25].

Financing Information - TuringQ has completed a new round of financing amounting to several hundred million yuan in its Series B round [1] - The financing was led by major state-owned capital and includes strategic investors such as Sichuan Provincial Industrial Revitalization Group, Shenzhen Investment Holdings, Fosun, and SenseTime [1] - The funds will be primarily used for the research and development of domestically controllable quantum computers, core technology breakthroughs, and the establishment of a high-end R&D talent team [1] Company Overview - TuringQ was established in 2021 and is headquartered in Shanghai [2] - The company focuses on "photon chip + quantum computing" technology and aims to promote the industrialization of photonic quantum computing [2] - Its core products include the TuringQ Gen2 large-scale programmable photonic quantum computing system and a fully controllable quantum-classical hybrid computing solution [2] Technical Highlights - TuringQ has achieved a complete closed-loop from design to system integration, establishing full autonomy in chip to system capabilities [4] - The company leads in materials and processes, utilizing thin-film lithium niobate for photonic chips and has built the first domestic pilot line for photonic chips [4] - TuringQ has launched the TuringQ Gen2 quantum computer, the DeepQuantum AI programming framework, and the "Quantum Engine" cloud platform [4] Market Potential - The quantum computing market is projected to reach $811.7 billion by 2035, with photonic quantum computing being a mainstream path due to its compatibility with existing semiconductor processes [5] - TuringQ has overcome key technical bottlenecks in photonic quantum chip manufacturing, enabling scalable and programmable production [5] Business Growth - TuringQ has shown strong commercial growth, with orders exceeding 100 million yuan by 2025 and a compound annual growth rate of over 200% in revenue [8] - The company is involved in multiple national-level major projects and participates in the formulation of industry and national standards [8] Team Background - The founder, Jin Xianmin, is a distinguished professor with over 20 years of experience in photonic quantum chips and has published over 150 papers [9] - The core team includes talents from prestigious institutions, with over 70% holding master's or doctoral degrees [9] Strategic Direction - The company aims to scale the application of photonic quantum computers and deploy "quantum-super fusion" computing centers nationwide [12] - TuringQ is transitioning from being a product and solution provider to a builder of computing infrastructure and "quantum+" ecosystems [11]

Core Viewpoint - The article highlights the successful completion of a strategic financing round by Turing Quantum, a leading domestic company in photonic quantum computing, emphasizing the strong market recognition of its technology and future prospects [1][4]. Group 1: Financing and Investment - Turing Quantum has completed a strategic financing round of over 100 million yuan, led by Shengshi Investment, indicating high confidence in the company's potential and technology [1][4]. - The company has successfully completed five rounds of financing in four years, showcasing its rapid growth and the capital market's recognition of its capabilities [4][6]. Group 2: Technological Advancements - Turing Quantum focuses on a dual-core strategy of "photonic chips + quantum computing," continuously innovating and expanding its market applications [7]. - The company has delivered the TuringQ Gen2 large-scale programmable photonic quantum computing system, marking a significant step from research to commercialization [7]. - Turing Quantum has developed the first domestic quantum AI programming framework, DeepQuantum, and a quantum AI biomedicine platform, demonstrating its technological leadership [7]. Group 3: National and Global Positioning - The company is accelerating its national industrial layout with R&D centers in Wuxi, Shanghai, and Beijing, creating a comprehensive "R&D - pilot - manufacturing" chain [10][12]. - Turing Quantum aims to establish a research and manufacturing base in Changsha, Hunan, to enhance its strategic positioning in the photonic chip and quantum computing sectors [12]. Group 4: Competitive Advantages - Turing Quantum boasts a 22-year research foundation, with over 150 international papers published and more than 200 core patents obtained, establishing its technical depth [14][15]. - The company operates under a fully controllable IDM model, ensuring complete autonomy in design, manufacturing, and system integration, which strengthens its competitive edge [16]. - Turing Quantum has achieved significant revenue growth, with sales jumping from 500,000 yuan in 2022 to over 10 million yuan in 2023, and securing orders worth over 100 million yuan in the first half of 2025 [20]. Group 5: Strategic Initiatives - The company is leading key national R&D projects, addressing critical technological challenges in quantum information, thereby supporting China's strategic goals in quantum technology [21]. - Turing Quantum's full-process independent chip production model provides a significant advantage in cost control and iteration speed, positioning it as a leader in the quantum industry [23].