PsiQuantum secures $1 billion to pursue its goal of building million qubit commercially useful quantum computers

PsiQuantum secures $1 billion to pursue its goal of building million qubit commercially useful quantum computers

PsiQuantum raises $1 billion to accelerate development of million qubit quantum computers and begin building utility scale systems in Australia and the US.

PsiQuantum Raises $1B at $7B Valuation for Million-Qubit Quantum Computers

In the rapidly evolving field of quantum computing, PsiQuantum has emerged as a frontrunner with its ambitious plan to construct the world’s first commercially viable, fault-tolerant quantum computers capable of scaling to a million qubits. The Palo Alto-based startup recently secured a staggering $1 billion in Series E funding, propelling its valuation to $7 billion and underscoring investor confidence in its photonics-based approach. This capi…