NanoK Quantum, a company founded by a Peking University graduate born in 1998, has successfully completed its first funding round from Hillhouse Capital for the development of neutral atom-based quantum computing.
Funding and Company Development
NanoK Quantum (Beijing Nakai Quantum Technology) is the first company in China specializing in nano-Kelvin (nK) level quantum computers using neutral atoms. The company secured tens of millions of yuan in its initial funding round. Hillhouse Capital (GL Ventures) led this round, with participation from Inno Capital, Changshi Capital, and Feitu Capital.
The funds will be directed towards research and development of next-generation neutral atom quantum computers, creating an ecosystem for ultra-cold atomic quantum simulation, and supplying equipment to key clients.
Products and Company Focus
Established in April 2026, NanoK Quantum is the first company in China focused exclusively on two areas: quantum simulation using ultra-cold atoms and universal quantum computing based on neutral atoms. The company has already developed a comprehensive product matrix that includes full quantum computers, experimental systems for cold/ultra-cold atoms, core subsystems, and high-precision modular control circuits. Furthermore, the company has secured market orders worth tens of millions of yuan and forecasts revenues of tens of millions of yuan for the full year 2026.
Scientific Basis and Technologies
The core team of the company consists of specialists from the Cold Atoms and Precision Measurements Group (CAP Group) at the Institute of Quantum Electronics, Peking University. The founder and CEO, Fan Yaoyuan, born in 1998, holds a bachelor's degree from the PKU School of Physics and a Ph.D. from the PKU School of Electronics, with over eight years of experience in cold atom research. During his postgraduate studies, he led the creation of China's first interferometric gyroscope on ultra-cold atoms and participated in the creation of the country's first gravimeter based on Bloch oscillations of ultra-cold atoms.
Among various technical paths in quantum computing, neutral atoms are considered the most promising direction for building large-scale universal quantum computers due to their natural identity and scalability. The name NanoK Quantum reflects its primary capability for extreme atomic cooling and precise manipulation, as it relates to the nano-Kelvin (nK) temperature scale.
Competitive Advantages and Business Model
The team is capable of cooling nine elements—rubidium, potassium, cesium, lithium, sodium, ytterbium, strontium, dysprosium, and erbium—to temperatures below 10 nK, achieving the largest number of controlled atoms and the lowest temperature range in China. The company employs a 'dual-drive' business model. On one hand, specialized quantum computers for simulation are supplied as complete packages, providing revenue and cash flow for self-sufficient development. The company currently has the capacity for serial delivery of platforms for quantum simulation, cold atom training systems, and MOT systems to various domestic research institutions.
In parallel, NanoK Quantum is developing the architecture for a general-purpose universal quantum computer, aiming to create the first practical universal quantum computer for multiple scenarios in China. Fan Yaoyuan noted that while superconducting and ion trap routes have their advantages, neutral atoms offer an undeniable advantage in qubit count—hundreds to thousands versus dozens for superconductors. Therefore, the company is focusing on solving remaining challenges, such as continuous operation and high-fidelity gate operations, which will make neutral atoms the optimal platform for quantum computing.