PsiQuantum raised $940M in a grant to build a quantum computer near Brisbane Airport
04/29/24, 11:54 PM
Location
palo altoMoney raised
$940
Round Type
pre-seed
PsiQuantum, a quantum startup, has secured a $940 million funding mix of equity, grants, and loans. The funding will enable PsiQuantum to set up near Brisbane Airport and build the world’s first utility-scale quantum computer by the end of 2027.
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.