Quantum Startup PsiQuantum Raises $1B with Plans to Build ...

PsiQuantum raises $1bn backed by Nvidia, BlackRock

‘We’re ready to take the next decisive steps to deliver the full potential of quantum computing’, CEO says. Read more: PsiQuantum raises $1bn backed by Nvidia, BlackRock

Quantum startup PsiQuantum raises $1B with plans to build ...

Quantum computing startup PsiQuantum raises record $1B

Quantum computing startup PsiQuantum raised $1 billion to help break ground on facilities in Chicago and Brisbane, Australia, that will host its first photonics-based, fault-tolerant quantum computers, it announced Wednesday. The new funds, which value the company at $7 billion, will also go towards improving its GlobalFoundries-manufactured quantum photonic chips, which use light to generate, manipulate, and measure qubits, the units that fuel …

PsiQuantum hits $7 billion valuation as investors bet on quantum’s AI-style potential

PsiQuantum, the Palo Alto-based startup that’s been tapped to build quantum computers in Chicago and Brisbane, Australia, has raised a $1 billion dollar Series E that values the 9-year-old company at $7 billion. The round was led by BlackRock, Baillie Gifford, and Temasek, and includes NVentures, the venture capital arm of chip maker Nvidia. The deal is one of the largest single private investments in quantum computing technology to date.  While…

Nvidia becomes investor in PsiQuantum alongside Australian government

PsiQuantum, which is racing to build the world’s first quantum computer, has seen its valuation soar to $US7 billion.