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US start-up PsiQuantum raising US$750 million in quantum computing race

Quantum computing startup PsiQuantum is raising at least $750 million in a new funding round that could value the company at $6 billion pre-money, according to Reuters.
BlackRock is leading the fundraising effort for PsiQuantum, which is still underway, as reported by Reuters.
PsiQuantum is partnering with the U.S. And Australian governments to build quantum computers in Brisbane and Chicago.
PsiQuantum aims to deliver a useful quantum computer by 2029, continuing to improve chip quality and reduce error rates.

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Australian Financial Review

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PsiQuantum targets $9.5b valuation, handing Labor a potential windfall

The Silicon Valley-headquartered quantum computing start-up is heavily backed by the federal and Queensland governments, and is raising about $1.2 billion.

3 days ago·Sydney, Australia

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Startups News | Tech News

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Quantum startup PsiQuantum to raise $750 million in BlackRock-led funding round - Tech Startups

Quantum computing startup PsiQuantum is raising at least $750 million in a new funding round that could value the company at $6 billion pre-money, Reuters reported, citing two people familiar with the matter. One of them said BlackRock is leading […] The post Quantum startup PsiQuantum to raise $750 million in BlackRock-led funding round first appeared on Tech Startups.

4 days ago

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South China Morning Post

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US start-up PsiQuantum raising US$750 million in quantum computing race

Start-ups and major tech firms are chasing quantum computing, with Google, Microsoft and Amazon having unveiled new quantum chips.

4 days ago·Hong Kong

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Quantum Computing Report

Iceberg Quantum Raises $2M AUD ($1.26M USD) Pre-Seed Round and Partners with PsiQuantum to Advance Fault-Tolerant Architectures - Quantum Computing Report

Quantum computing architecture startup Iceberg Quantum has raised $2 million AUD ($1.26M USD) in pre-seed funding led by Blackbird Ventures and UK-based LocalGlobe. The announcement coincides with a new strategic collaboration with PsiQuantum to develop fault-tolerant architectures for PsiQuantum’s silicon photonic quantum computing platform, currently under development in Brisbane. Iceberg Quantum is addressing the challenge [...] The post Iceb…

3 days ago

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InnovationAus

Australia does the heavy lifting in $1.2b PsiQuantum raise

Australia’s equity stake in PsiQuantum could represent as much as a third of the Californian startup's latest capital raise, which values the company at twice what it was worth just four years ago. Early details on the late-stage funding round emerged earlier this week, with Reuters reporting the incomplete Series E led by investment giant Blackrock will raise at least US$750 million (A$1.19 billion). It came on the same day that Budget document…

3 days ago

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