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Psiquantum Closes $450 Million Funding Round To Build The World’S First Commercially Viable Quantum Computer

Jul 27, 2021•almost 4 years ago

Amount Raised

$450 Million

Palo Alto

Description

PsiQuantum has raised $450 million in Series D funding to build the world’s first commercially viable quantum computer. The funding round was led by funds and accounts managed by BlackRock, along with participation from insiders including Baillie Gifford and M12 – Microsoft’s venture fund – and new investors including Blackbird Ventures and Temasek. PsiQuantum has now raised a total of $665 million in funding to date.

Company Information

Company

Psi Quantum

Location

Palo Alto, California, United States

About

Powered by breakthroughs in silicon photonics and quantum architecture, PsiQuantum is on course to build the world’s first commercially viable quantum computer to solve some of the world’s most important challenges. PsiQuantum believes silicon photonics is the only way to achieve the necessary scale required for error correction and deliver a fault-tolerant, general-purpose quantum computer. With quantum chips now being manufactured in a world-leading semiconductor fab, PsiQuantum is uniquely positioned to deliver quantum capabilities that will drive advances in climate, healthcare, finance, energy, agriculture, transportation, communications, and beyond. To learn more, visit www.psiquantum.com.

Funding Insights

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