- Hangzhou company completes third funding round in six months
- Startup says it has demonstrated a 2,048-qubit neutral-atom system
MatriQ (原子矩阵), a Hangzhou-based quantum computing startup focused on neutral-atom technology, has closed a Series A funding round as investors continue backing one of the most closely watched approaches in next-generation computing.
The round was led by Monolith Capital, with participation from CMBC International and existing investors including Vertex Ventures China and LightHouse.
The latest deal marks MatriQ’s third funding round within six months, with cumulative fundraising totaling several hundred million yuan.
Neutral-atom quantum computing uses lasers to trap and arrange atoms into programmable arrays, with each atom functioning as a quantum bit.
Compared with superconducting quantum systems, which require temperatures near absolute zero, neutral-atom architectures are generally viewed as more scalable and less dependent on extreme operating conditions.
Quantum computers are expected to help tackle problems beyond the reach of classical machines, including materials discovery, drug simulation and large-scale optimization in logistics and finance.
MatriQ said it has completed construction of its full machine system and entered the engineering stage of development. The company said its team has successfully built and operated a defect-free 2,048-qubit array capable of stable live demonstrations.
The startup also recently demonstrated programmable atomic rearrangement and atom transport capabilities, laying groundwork for future quantum error correction and logical-qubit operations.
On the commercial side, MatriQ said it has finalized the design of its first commercial product and is working with an initial group of pilot customers on real-world testing and deployment.
“Over the next decade, The decisive factor in quantum computing over the next decade will be engineering, not physics. MatriQ has prioritized manufacturability and delivery,” Monolith Capital, the lead backer, said in a press release. “Combined with its ability to build across the full stack from core physics to complete systems, we have strong confidence in its long-term potential.”
