Insider Brief:
- SDT completed a KRW 20 billion ($14.1 million) pre-IPO investment round, building on a previous KRW 10 billion ($7 million) investment led by Shinhan Venture Investment and contributions from multiple new investors like DS Asset Management and IBK Investment & Securities.
- The company has raised a total of KRW 47 billion ($41 million) across Series A, Series B, and pre-IPO investments to accelerate preparations for its IPO as Korea’s first quantum technology company, targeted for the second half of 2025.
- SDT plans to use the funding to build Korea’s first commercial quantum computer manufacturing facility, establish a quantum computing data center for cloud services, and commercialize technologies like QRNG and quantum dot-based cameras for applications in defense, AI, and chemistry.
PRESS RELEASE — Quantum standard technology specialist ‘SDT’ announced on the 3rd that it successfully completed a pre-IPO equity investment worth KRW 20 billion (approximately $14.1 million).
In addition to the KRW 10 billion (approximately $7 million) investment from lead investor Shinhan Venture Investment last August, SDT recently closed a pre-IPO investment round worth KRW 20 billion (approximately $14.1 million) by raising an additional KRW 10 billion (approximately $7 million) from DS Asset Management, IBK Investment & Securities, Spacetime Investment, Mulim, and BYB Investment.
Prior to this Pre-IPO investment, it had attracted Series A and Series B investments worth KRW 27 billion (approximately $27 million) from DS Asset Management, GS, KB Investment, AG Investment, and K2 Investment. With the Pre-IPO investment completed, SDT is expected to speed up preparations for the first domestic quantum technology company IPO, targeting the second half of 2025.
SDT is a domestic quantum computer manufacturing company that possesses a wide range of intellectual property rights (IP) across technologies, including superconductors, neutral atoms, ion traps, silicon spin, and diamond NV centers, along with commercialization of quantum control equipment necessary for manufacturing quantum computers.
Recently, we established a joint venture (JV) with Singapore’s leading quantum computing company, Anyon Technologies, to develop and supply superconducting quantum computers. We are also securing full-scale quantum computing production capabilities and strengthening our competitiveness in the global quantum market by conducting partnerships with Finland-based silicon-based quantum processor (QPU) development specialist, Semaicon.
SDT will use the pre-IPO investment as an opportunity to build Korea’s first commercial quantum computer manufacturing and a quantum computing data center for cloud services. It will also accelerate the introduction of quantum commercialization technologies in industries such as defense, AI, pharmaceuticals, and chemistry. It also plans to accelerate the commercialization of quantum solutions such as quantum random number generation (QRNG) and quantum dot technology-based cameras that block security threats at the source and support various military operations.
Yoon Ji-won, CEO of SDT, said, “I am pleased that the successful attraction of pre-IPO investment has reaffirmed the market’s trust in SDT’s technological prowess and future growth potential,” adding, “We will prepare for an even greater leap forward as Korea’s first quantum technology listed company by 2025 and make even more dedicated efforts to solidify our leading position in the field of quantum computing.”
