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Home Startup Enterprise & SaaS

Korean Company SDT Secures $7.5 million Pre-IPO Investment, Poised for Quantum Computing Leadership

by Dae-jung Park
August 29, 2024
in Enterprise & SaaS, Startup
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Quantum standard technology specialist company SDT, based in South Korea, has successfully raised 10 billion won (USD 7.5 million) in pre-IPO investment from Shinhan Venture Investment. This significant capital infusion is part of SDT’s broader strategy to secure a total of 20 billion won (USD 15 million) in investment, with the remaining funds expected to come from global companies and existing shareholders.

Investment from Shinhan Venture Investment

The investment marks a recognition of SDT’s technological expertise and its potential in the rapidly advancing quantum market. SDT has made remarkable strides in commercializing quantum control equipment—essential for the operation of quantum computers—positioning itself as a leader in the domestic quantum industry. The company’s technologies are compatible with various physical quantum computing platforms, including superconductors, neutral atoms, ion traps, silicon spin, and diamond NV centers.

SDT’s success is further bolstered by its extensive partnerships within the global quantum computing ecosystem and a robust portfolio of intellectual property. The company plans to launch a Korean quantum computing cloud service by the end of this year in collaboration with the Korea Institute of Science and Technology Information (KISTI), aiming to commercialize full-stack quantum computers and integrate quantum processing units (QPUs) with cloud services.

Plans to Build Korea’s First Commercial Quantum Computing Facility

With the new investment, SDT is set to build Korea’s first commercial quantum computer manufacturing facility and a quantum computing data center for cloud services. The company also plans to accelerate the adoption of quantum technologies across various industries, including defense, AI, pharmaceuticals, and chemistry. In close collaboration with the Ministry of National Defense, SDT aims to enhance national security competitiveness in quantum computing and cryptography.

SDT is also advancing the development of quantum computers across several key platforms. By the first half of 2026, the company plans to develop a 64-qubit superconducting quantum computer and complete a 3D array for neutral atom quantum computers by mid-2025. Furthermore, SDT aims to develop a 20-qubit silicon spin quantum computer by 2027 and solve the Gaussian Boson Sampling problem with a photonic integrated circuit (PIC) quantum computer within the same timeframe.

Industry Recognition and Global Market Ambitions

Commenting on the investment, Shinhan Venture Investment Managing Director Cho Jae-ho stated, “SDT is leading the market as Korea’s only quantum computer startup, and we are confident that with its technological leadership and ecosystem influence, SDT will realize its potential in both domestic and international markets.”

SDT CEO Yoon Ji-won added, “This investment validates SDT’s technological prowess and market potential, showcasing that quantum engineering is now creating tangible value across various industries. SDT will continue to play a pivotal role in establishing a Korean quantum computing ecosystem while preparing for global market competitiveness.”

With this strategic investment, SDT is set to solidify its position as a pioneer in quantum computing, driving innovation and commercialization in a field poised to revolutionize industries worldwide.

Keep tab on latest news in the Korean startup ecosystem & follow us on  LinkedIN, Facebook, and Twitter for more exciting updates and insights.

Tags: KoreaPre-IPO investmentQuantum Cloud ServicesQuantum ComputingQuantum EngineeringQuantum TechnologySDTShinhan Venture Investment
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