MilestoneIndustryConfirmed
PsiQuantum raises $1 billion at a $7 billion valuation
Sep 10, 2025
Photonic quantum computing company PsiQuantum said it raised $1 billion in a Series E round led by funds managed by BlackRock affiliates, Temasek and Baillie Gifford, valuing the company at $7 billion. It plans to break ground on utility-scale quantum computing sites in Brisbane and Chicago.
Why it matters
PsiQuantum aims to go straight to million-qubit, error-corrected machines; a $1 billion round shows how much private money investors put behind that long-term bet in 2025.
Sources (2)
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PsiQuantum
PsiQuantum Raises $1 Billion to Build Million-Qubit Scale, Fault-Tolerant Quantum Computers
“PsiQuantum today announced it has raised $1 billion in funding for its Series E round to build the world’s first commercially useful, fault-tolerant quantum computers.”
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The Quantum Insider
PsiQuantum Raises $1 Billion to Build Million-Qubit Scale, Fault-Tolerant Quantum Computers
“PsiQuantum has raised $1 billion in a Series E round, valuing the company at $7 billion and funding efforts to build utility-scale, fault-tolerant quantum computers in Brisbane and Chicago.”
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