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BEIJING X-MAGTECH TECHNOLOGIES Secures Hundreds of Millions RMB Series B Financing to Boost Quantum Precision Magnetometry Commercialization

Beijing X-Magtech Technologies has closed a multi-hundred-million-yuan Series B financing round backed by multiple Beijing municipal industrial funds and institutional investors with existing shareholder CAS Star Ventures continuing investment. Ranking as the largest single financing in China’s disclosed quantum magnetic field measurement sector, the proceeds will fuel R&D upgrade, mass production and industrial rollout of its proprietary quantum weak magnetism measurement technologies, which ar