SDT, a South Korean quantum technology firm, has successfully secured 20 billion won in pre-IPO funding. This round, which follows a previous investment of 10 billion won from Shinhan Venture Investment in August, included contributions from DS Asset Management, IBK Securities, Space Time Investment, MOORIM, and BYB Investment.

This funding acknowledges SDT’s pioneering quantum control technology, essential for quantum computing, which includes capabilities for managing quantum states such as entanglement and superposition. It is recognized as the only quantum computer manufacturer in Korea, holding extensive intellectual property and robust partnerships across the global quantum computing ecosystem.

Recently, SDT has expanded its quantum computing production capabilities through strategic collaborations, including a joint venture with Anyon Technologies for superconducting quantum computers and a partnership with Finnish company SemiQon, which specializes in silicon-based quantum processor development. These efforts are bolstering SDT’s competitive edge in the global quantum market.

With the new funds, SDT plans to accelerate the development of a quantum computing data center to launch Korea’s first commercial quantum computer and cloud services. The company aims to integrate quantum technologies across various sectors, including defense, AI, pharmaceuticals, and chemicals, and is speeding up the commercialization of quantum solutions like quantum random number generation (QRNG) and quantum dot-based cameras to support security and military operations.

BYB Investment’s CEO, Cho Beom-jun, highlighted SDT’s unique technology and its potential for expanding global partnerships, expressing confidence in its growth from a national to a global quantum enterprise. 

SDT’s CEO, Yoon Ji-won, expressed satisfaction with the successful fundraise, viewing it as validation of the market’s confidence in SDT’s technology and growth potential. He reaffirmed the company’s commitment to leading in the quantum computing field, aiming for an IPO by the second half of 2025.