What is PsiQuantum?
PsiQuantum is at the forefront of developing a fault-tolerant quantum computer, aiming to revolutionize industries such as climate science, healthcare, finance, and energy. Based in Palo Alto, California, the company's technological approach is designed to tackle complex problems that are currently intractable for classical computing systems. The scale of its total funding indicates a long-term vision and a commitment to achieving breakthroughs in quantum computation.
How much funding has PsiQuantum raised?
PsiQuantum has raised a total of $1.9B across 6 funding rounds:
Series A
$13.5M
Series B
$51.5M
Private Equity
$230M
Series C
$150M
Series D
$450M
Series E
$1B
Series A (2016): $13.5M with participation from Redpoint Ventures, Playground, and The House Fund
Series B (2017): $51.5M led by Founders Fund
Private Equity (2020): $230M, investors not publicly disclosed
Series C (2020): $150M featuring Atomico, BlackRock, M12 - Microsoft's Venture Fund, Founders Fund, Baillie Gifford, and SciFi VC
Series D (2021): $450M backed by BlackRock, M12, Temasek, Blackbird Ventures, and Baillie Gifford
Series E (2025): $1B with participation from BlackRock, Qatar Investment Authority, Baillie Gifford, Type One Ventures, Macquarie Capital Advisers( India) Private, Ribbit Capital, Adage Capital Management, T. Rowe Price, NVentures, 1789 Capital Advisors, Temasek, and Blackbird Ventures
Key Investors in PsiQuantum
BlackRock
BlackRock is a global investment management firm that provides a comprehensive range of investment products and services. Their participation suggests a belief in the long-term, transformative potential of quantum computing.
Temasek
Temasek is a global investment company focused on making a difference with tomorrow in mind. Their backing of PsiQuantum highlights a strategic interest in future-defining technologies.
Baillie Gifford
Baillie Gifford is an investment management firm specializing in giving investment advice. Their involvement indicates a strategic alignment with PsiQuantum's vision for groundbreaking technological development.
What's next for PsiQuantum?
The substantial enterprise-level investment in PsiQuantum signals a strategic push towards scaling its operations and accelerating the development of its quantum computing platform. This capital infusion is expected to fuel further research and development, enhance manufacturing capabilities, and potentially expand its team of experts. The company's trajectory suggests a focus on achieving significant milestones in quantum hardware and software, positioning it to make a profound impact on scientific discovery and technological advancement.
See full PsiQuantum company page
