Quantum Computing Report

SDT Completes 20 Billion KRW ($14.11 Million USD) Pre-IPO Investment, Eyes Quantum Technology IPO in 2025

Korean quantum technology company SDT has successfully raised 20 billion won ($14.11 million USD) in a pre-IPO investment round, securing funds from a mix of investors, including DS Asset Management, IBK Investment & Securities, and others. This follows a previous investment of 10 billion won ($7.05 million USD) led by Shinhan Venture Investment in August 2024. With this latest funding, SDT is accelerating its preparations for the first domestic IPO in the quantum technology sector, targeted for the second half of 2025.

SDT specializes in quantum computing, holding a broad portfolio of intellectual property across various quantum technologies such as superconductors, neutral atoms, ion traps, and quantum control equipment. The company has also formed strategic partnerships, including a joint venture with Anyon Technologies in Singapore to develop superconducting quantum computers, and collaborations with Finland’s Semiqon to enhance its quantum processor capabilities.

The new funds will be used to establish Korea’s first commercial quantum computer manufacturing facility and a quantum computing data center for cloud services. Additionally, SDT aims to accelerate the commercialization of quantum technologies for applications in defense, AI, pharmaceuticals, and security, including quantum random number generators (QRNG) and advanced quantum-dot technology.

Yoon Ji-won, CEO of SDT, expressed confidence in the company’s growth trajectory, aiming to solidify SDT’s position as a leader in the quantum computing field by 2025. For more details, refer to the full press release here.

December 6, 2024

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