Tsinghua quantum AI startup Qingxing Yigou raises nearly 100 million yuan in two rounds in three months
Tsinghua-affiliated quantum AI startup Qingxing Yigou completed an A+ funding round, bringing total financing to nearly 100 million yuan across two rounds within three months. Investors include Jingkai Capital, Anhui High-Tech Investment, and others. Founded in 2021 by Tsinghua alumnus Yu Teng, the company pivoted to quantum-inspired AI and launched RiverONE, a vision-language model using simulated quantum computing on classical GPUs. Third-party tests show RiverONE achieves at least 95% of Nvidia's Ising Calibration 1 performance with 1.9 billion parameters. The company has partnerships with AMD, Biren Technology, and others.
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Tsinghua-linked quantum AI startup Qingxing Yishi raises nearly 100 million yuan in two rounds within three months
Qingxing Yishi (Qingxing Yishi), a Tsinghua University-affiliated quantum AI startup, announced the completion of an A+ funding round on September 24, 2024, led by Jingkai Capital, Anhui High-tech Investment, Daode Investment, Lishi Investment, Zhongzi Fund, Xuhui Capital, Senlan Group, and the founder of Jingdong Group. Combined with its previous A round, the company raised nearly 100 million yuan in three months. Founded in 2021 by Tsinghua computer science alumnus Yu Teng, the company initially focused on parallel heterogeneous computing and automatic parallel compilation. In 2025, the team completed mathematical verification of a high-density intelligent construction method based on quantum computing principles, pivoting to quantum AI. In June, it released RiverONE, China's first visual language model reconstructed on simulated quantum computing. According to third-party tests, RiverONE, with 1.9 billion parameters, achieves at least 95% of the performance of Nvidia's 350-billion-parameter Ising Calibration 1 model in quantum calibration chart understanding. The company has integrated with AMD, Biren Technology, Muxi Technology, Taichu Electronics, and Loongson. In commercial applications, Senlan Optics improved optical raw material processing efficiency by 20-30% using Qingxing Yishi's quantum optimization model. Yu Teng estimates each high-precision optical processing machine creates over 1 million yuan in additional value. The company's rapid funding is driven by its methodology of generating parameters via quantum methods that run on classical GPUs, bypassing immature quantum hardware. However, validation is currently limited to quantum calibration and optical processing, and engineering delivery capability will be critical for broader industrial expansion.
Qingxingyigou Raises Nearly 100 Million Yuan in Two Funding Rounds in Three Months
Qingxingyigou (Qingxing Heterogeneous), a Tsinghua-incubated quantum AI startup, has completed an A+ funding round, bringing its total raised in two rounds over three months to nearly 100 million yuan. Investors in the A+ round include Jingkai Capital, Anhui High-Tech Investment, Daode Investment, Lishi Investment, Zhongzi Fund, Xuhui Capital, Senlan Group, and the founder of Jingdong Group. Founded in 2021 by Tsinghua computer science alumnus Yu Teng, the company initially focused on classical heterogeneous computing AI systems and has pivoted to quantum-inspired AI models. It recently launched RiverONE, a quantum-inspired visual language model that uses simulated quantum computing for parameter generation but runs on classical GPUs. The company has partnered with AMD, Biren Technology, Muxi Technology, Taichu Electronics, and Qianhe Yibang. Investors, including Xuhui Capital and Anhui High-Tech Investment, expressed confidence in the quantum AI sector's potential and the company's technology roadmap.
Read sourceTsinghua AI Startup Qingxing Yigou Raises Nearly 100 Million Yuan in Two Rounds in Three Months
Qingxing Yigou (Qingxi Yigou), a Tsinghua University-affiliated quantum artificial intelligence startup, has completed an A+ funding round, bringing its total funding to nearly 100 million yuan (approximately $13.7 million) across two rounds in three months. The A+ round investors include Jingkai Capital, Anhui High-Tech Investment, Daode Investment, Lishi Investment, Zhongzi Fund, Xuhui Capital, Senlan Group, and the founder of Jingdong Group. Founded in 2021 by Tsinghua computer science alumnus Yu Teng, the company initially focused on classical heterogeneous computing AI systems. It has now pivoted to quantum-inspired next-generation AI models, releasing the RiverONE quantum-inspired vision-language model. RiverONE uses simulated quantum computing to generate parameters but runs on classical GPUs, achieving 95% of Nvidia's Ising Calibration 1 performance with less than one-tenth the parameters. The company has partnerships with AMD, Biren Technology, Muxi Technology, Taichu Electronics, and NetEase-incubated chip firm Qianhe Yibang. Investors Xuhui Capital and Anhui High-Tech Investment expressed confidence in the quantum AI sector's potential, with Xuhui Capital noting the technology addresses industry pain points by optimizing token usage efficiency. The article compares Qingxing Yigou to Spain's Multiverse Computing, which raised 189 million euros in Series B funding, suggesting a growing market for quantum-inspired AI solutions.
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Tsinghua AI Startup Qingxingyigou Raises Nearly 100 Million Yuan in Two Rounds Within Three Months
Qingxingyigou (Qingxing Yigou), a Tsinghua-incubated quantum AI startup, has completed an A+ funding round, bringing its total funding to nearly 100 million yuan (approx. $13.7 million) within three months. Investors include Jingkai Capital, Anhui High-Tech Investment, Daode Investment, Lishi Investment, Zhongzi Fund, Xuhui Capital, Senlan Group, and Jingdong Group's founder. Founded in 2021 by Tsinghua alumnus Yu Teng, the company initially focused on heterogeneous computing software and has pivoted to quantum-inspired AI models. It recently launched RiverONE, a quantum-inspired visual language model that uses simulated quantum computing for parameter generation but runs on classical GPUs. The company claims RiverONE achieves at least 95% of Nvidia's Ising Calibration 1 performance with only 1.9 billion parameters. Qingxingyigou has partnerships with AMD, Biren Technology, Muxi Technology, and others. Investors, including Xuhui Capital and Anhui High-Tech Investment, expressed confidence in the quantum AI sector's potential and the company's technology roadmap.
Qingxingyigou Raises Nearly 100 Million Yuan in Two Rounds for Quantum AI Models
Qingxingyigou (Qingxing Yigou), a Tsinghua-incubated quantum AI startup, has completed an A+ funding round, bringing its total financing to nearly 100 million yuan within three months. Investors include Jingkai Capital, Anhui High-Tech Investment, Daode Investment, Lishi Investment, Zhongzi Fund, Xuhui Capital, Senlan Group, and Jingdong Group founder. Founded in 2021 by Tsinghua alumnus Yu Teng, the company initially focused on heterogeneous computing software and has pivoted to quantum-inspired AI models. It recently launched RiverONE, a quantum-inspired vision-language model that uses simulated quantum computing for parameter generation but runs inference on classical GPUs. The company claims RiverONE achieves at least 95% of Nvidia's Ising Calibration 1 performance with only 1.9 billion parameters. Qingxingyigou has partnerships with AMD, Biren Technology, Muxi Technology, Taichu Electronics, and NetEase-incubated Qianhe Yibang. Investors, including Xuhui Capital and Anhui High-Tech Investment, expressed confidence in the quantum AI sector's potential to address AI compute bottlenecks and create new downstream applications for China's quantum computing industry.