Quantum computing startup PsiQuantum is raising at least $750 million in a funding round led by BlackRock. The funds will help PsiQuantum scale up its quantum computing chip production and advance its technology.
Quantum computing startup PsiQuantum is raising at least $750 million in a funding round led by BlackRock. The funds will help PsiQuantum scale up its quantum computing chip production and advance its technology.
03/25/25, 7:13 AM
Location
palo altoMoney raised
$750 million
Investors
Black Rock
PsiQuantum is raising at least $750 million at a $6 billion pre-money valuation. BlackRock is leading the fundraising effort, which is still ongoing. The raised funds will support the company's plans to produce millions of quantum chips using existing photonics technology. This funding is crucial for scaling up their manufacturing capabilities in the competitive quantum computing industry.
Company Info
Location
palo alto, california, united states
Additional Info
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.