AsianFin -- CQMTEK, formally known as Guoce Quantum Technology (Zhejiang) Co., Ltd., has raised over 100 million RMB ($13.8 million) in a Series A+ funding round, marking a key milestone for the fast-growing quantum technology startup. The financing was led by Guoxin Fund, with participation from a market-oriented fund managed by Changzhou Financial Holdings Group. This follows the company’s Series A round completed earlier in 2025.
The latest capital injection will accelerate CQMTEK’s push in core technology development, supply chain integration, and scaling up production, as the company aims to reduce China’s reliance on foreign high-end quantum measurement equipment and break through longstanding technological monopolies.
Founded in June 2023 as Peking University’s industrialization platform for quantum precision measurement, CQMTEK focuses on the independent R&D and mass production of advanced instruments. Its core product lines include chip atomic clocks and high-end frequency-stabilized lasers.
The company’s chip atomic clock has already undergone trials in defense, telecommunications, and marine applications, with customer feedback suggesting performance that exceeds imported counterparts. As critical infrastructure, chip atomic clocks provide precise timing across communication base stations, data nodes, and cloud and edge networks, supporting secure data transmission and national defense systems. CQMTEK’s Huzhou production base is projected to achieve an annual capacity of 500,000 chip atomic clocks and related core components.
In parallel, CQMTEK’s wholly-owned subsidiary, Zhejiang Faraday Laser Technology Co., has built a standardized production line for self-locking atomic frequency-stabilized semiconductor laser systems, fully backed by independent intellectual property rights. These high-performance lasers play a vital role in atomic clocks, magnetometers, interferometric gravimeters, and gyroscopes, while also serving frontier industries such as quantum computing, biophotonics, and precision spectroscopy.
CQMTEK has previously drawn strategic investment from Hubble Technology, an investment arm affiliated with Huawei, and has been recognized by Chinese media as one of the “Three Little Dragons of Huzhou” — a reference to the region’s emerging leaders in high-tech innovation.
“The strength of our chip atomic clock and frequency-stabilized laser platforms puts us in a strong position to industrialize quantum precision measurement at scale,” a company spokesperson said. “This financing will further accelerate our role in building a secure and independent domestic ecosystem.”
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