When was Shanghai Magnetics Technology founded?

Shanghai Magnetics Technology was founded in 2022.

Where is Shanghai Magnetics Technology located?

Shanghai Magnetics Technology is headquartered in Minhang, China.

Where does Shanghai Magnetics Technology rank among its competitors?

Shanghai Magnetics Technology ranks 8th amongst 7 active competitors, of which 3 are funded. It stands 8th in terms of total funding among its competitors. The most recent competitor to raise funding was Peak Quantum, which secured $2.58M in Apr, 2026.

Who are the top competitors of Shanghai Magnetics Technology?

Shanghai Magnetics Technology's top competitors include IQM, Peak Quantum and Hypres. Among them, Peak Quantum secured the most recent funding round in April, 2026.

Shanghai Magnetics Technology - 2026 Company Profile & Competitors

Shanghai Magnetics Technology is a deadpooled company based in Minhang (China), founded in 2022. It operates as a Developer of superconducting materials for various industries. The company has 7 active competitors, including 3 that are funded. Its top competitors include companies like IQM, Peak Quantum and Hypres.

Company Details

Developer of superconducting materials for various industries. It provides users with a company that specializes in magnetic materials, particularly superconducting materials, which are critical for various high-tech applications.

Key Metrics

Founded Year

2022

Location

Minhang, China

Stage

Deadpooled

Ranked

8^th among 8 competitors

Similar Companies

IQM & 6 more

View Shanghai Magnetics Technology's full profile

Shanghai Magnetics Technology has not raised any funding rounds yet.

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Top competitors of Shanghai Magnetics Technology include IQM, Peak Quantum and Hypres. Here is the list of Top 10 competitors of Shanghai Magnetics Technology, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	IQM 2018, Espoo (Finland), Series B	Developer of superconducting quantum computers	$600M	MIG Capital, Ten Eleven Ventures & 26 others	76/100
2nd	Peak Quantum 2024, Garching (Germany), Seed	Company developing quantum processors based on superconducting qubits enabling applications in quantum computing and research	$5.86M	Cloudberry Ventures, QAi Ventures & 3 others	49/100
3rd	Hypres 1982, Elmsford (United States), Funding Raised	Superconductor ICs and systems for government and commercial applications	-	Alliance Venture, Asset Management Ventures ... & 5 others	35/100
4th	Bleximo 2017, Berkeley (United States), Seed	Manufacturer of superconducting qubits for applications in quantum computing	$1.5M	Eniac Ventures, Founder Institute & 8 others	34/100
5th	Quantum Formatics Cambridge (United States), Funding Raised	Developer of AI-accelerated methods for discovering practical, sustainable, cost-effective superconductors	-	Khosla Ventures, National Science Foundation	22/100
6th	Whitika LuxFidelity Unfunded	Developer of high-efficiency microwave-to-optical conversion technology	-	-	16/100
7th	Srsti Quantum India, Unfunded	Manufacturer of superconducting qubits for quantum computing research and development	-	-	16/100
8th	Shanghai Magnetics Technology 2022, Minhang (China), Deadpooled	Developer of superconducting materials for various industries	-	-	15/100