About TuringQ
TuringQ is a company based in Shanghai (China) founded in 2021 by Xianmin Jin.. TuringQ has raised $29.77 million across 5 funding rounds from investors including Orient Securities, CGP Investment and China Internet Investment Fund. TuringQ operates in a competitive market with competitors including PsiQuantum, Atom Computing, Quandela, Quantum Source and QuiX Quantum, among others.
- Headquarter Shanghai, China
- Founders Xianmin Jin
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Sectors
Technology
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Phone
*********
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Website
*********
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$29.77 M (USD)
in 5 rounds
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Latest Funding Round
$13.93 M (USD), Series B
Jul 21, 2025
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Investors
Orient Securities
& 9 more
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Employee Count
Employee Count
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Funding Insights of TuringQ
TuringQ has successfully raised a total of $29.77M across 5 strategic funding rounds. The most recent funding activity was a Series B round of $13.93 million completed in July 2025. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 5
- Last Round Series B — $13.9M
- First Round First Round
- Investors Count 10
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2025 | Amount | Series B - TuringQ | Valuation | CGP Investment |
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| Jan, 2023 | Amount | Series A - TuringQ | Valuation | China Internet Investment Fund , Tsinghua Holdings Capital |
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| Mar, 2022 | Amount | Series A - TuringQ | Valuation | Wuxi Binhu International Investment , Legend Capital |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in TuringQ
TuringQ has secured backing from 10 investors, including venture fund and institutional investors. Prominent investors backing the company include Orient Securities, CGP Investment and China Internet Investment Fund. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Tech sector investments are managed by this venture capital firm.
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Founded Year | Domain | Location | |
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Founded Year | Domain | Location | |
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Venture capital firm backed by Lenovo
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by TuringQ
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - TuringQ
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Turingq Comparisons
Competitors of TuringQ
TuringQ operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as PsiQuantum, Atom Computing, Quandela, Quantum Source and QuiX Quantum, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Photon-based universal quantum computers are developed for error correction.
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| domain | founded_year | HQ Location |
Universal quantum computers are developed using optically trapped neutral atoms.
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| domain | founded_year | HQ Location |
Quantum photon sources for qubits are developed by the company.
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| domain | founded_year | HQ Location |
Quantum computers with qubits are developed for error-corrected systems.
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| domain | founded_year | HQ Location |
Photon-powered quantum computing processors are designed and developed.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Frequently Asked Questions about TuringQ
When was TuringQ founded?
TuringQ was founded in 2021.
Where is TuringQ located?
TuringQ is headquartered in Shanghai, China.
Is TuringQ a funded company?
TuringQ is a funded company, having raised a total of $29.77M across 5 funding rounds to date.
What does TuringQ do?
TuringQ was founded in 2021 in Shanghai, China, within the quantum computing sector. Optical quantum chips, software, and operating systems are developed and offered. Quantum computers incorporate continuous narrow linewidth semiconductor lasers, quasi-phase matching, high-precision temperature control, and elastic vibration isolation for stable quantum light sources. Operations focus on hardware and software solutions for quantum applications.
Who are the top competitors of TuringQ?
TuringQ's top competitors include PsiQuantum, Atom Computing and Quantum Source.
Who are TuringQ's investors?
TuringQ has 10 investors. Key investors include Orient Securities, CGP Investment, China Internet Investment Fund, Tsinghua Holdings Capital, and Lenovo Capital and Incubator Group.