SDT, a South Korean quantum computing company, has secured a 10 billion won ($7.47 million) pre-IPO investment from Shinhan Venture Investment. This funding is part of SDT’s goal to raise a total of 20 billion won, with the remaining funds expected to come from global companies and existing shareholders. SDT specializes in manufacturing equipment that controls quantum phenomena like entanglement and superposition, which are essential for quantum computing.
The company plans to use the new investment to commercialize quantum computers in Korea and build a quantum computing data center for cloud services. SDT is collaborating with the Korea Institute of Science and Technology Information (KISTI), Seoul National University, and the Korea Institute of Science and Technology to develop quantum processing units based on silicon spin and diamond nitrogen vacancy technologies.
South Korean quantum investment success
The company aims to complete a 3D array for a neutral atom quantum computer by mid-2025 and a 64-qubit superconducting quantum computer by mid-2026. Cho Jae-ho, managing director of Shinhan Venture Investment, emphasized SDT’s unique position in Korea’s quantum computing industry and its potential for global expansion. Yoon Ji-won, CEO of SDT, highlighted the significance of this investment in demonstrating the practical value of quantum engineering across industries.
SDT plans to launch a Korean quantum computing cloud service in partnership with KISTI within this year. The company has set ambitious milestones, including developing a 20-qubit silicon spin quantum computer by 2027 and solving the Gaussian Boson Sampling problem with a photonic integrated circuit quantum computer within the same timeframe. With this strategic investment, SDT is poised to solidify its position as a pioneer in quantum computing, driving innovation and commercialization in a field that is expected to revolutionize industries worldwide.
