MilestoneIndustryConfirmed

PsiQuantum raises $450 million for photonic quantum computing

Jul 27, 2021

PsiQuantum raises $450 million in a Series D round led by BlackRock-managed funds. The funding is intended to expand its team and develop a fault-tolerant quantum computer using photonic chips.

Why it matters

A large private funding round backs the costly engineering needed to move from quantum components toward an error-corrected system.

PsiQuantum

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