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Psiquantum Closes $450 Million Funding Round To Build The World’S First Commercially Viable Quantum Computer

PRIVATEJul 27, 2021

Amount Raised

$450 Million

Round Type

Funding Round

Palo AltoManufacturingHardware

Description

PsiQuantum has raised $450 million in Series D funding to build the world’s first commercially viable quantum computer. The funding round was led by funds and accounts managed by BlackRock, along with participation from insiders including Baillie Gifford and M12 – Microsoft’s venture fund – and new investors including Blackbird Ventures and Temasek. PsiQuantum has now raised a total of $665 million in funding to date.

Quick answer

PsiQuantum raised $450 Million in a Funding Round round, dated July 27, 2021. PsiQuantum is based in Palo Alto, California, United States.

How much did PsiQuantum raise?
PsiQuantum raised $450 Million in a Funding Round round on July 27, 2021.
What does PsiQuantum do?
PsiQuantum was founded by four world leaders in quantum computing in 2016 and is headquartered in Palo Alto, California.
Where is PsiQuantum based and how big is it?
PsiQuantum is based in Palo Alto, California, United States. Fundz records about 550 employees.
Who are the decision-makers at PsiQuantum?
Fundz holds 2 contacts at PsiQuantum, including the Head of Quantum Chemistry. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

Who else raised in Hardware and Manufacturing around the same time

Companies in the same sectors as PsiQuantum that raised within 45 days of this round, from Fundz verified event records.

  • aPriori raised $30M on September 7, 2021.
  • Phantom Space Corporation raised $7.2M on August 18, 2021.
  • Osaro, Inc. raised $30M (Series C) on August 18, 2021.
  • SambaNova raised $678M on August 9, 2021.
  • Sonic Foundry raised $3.5M (Seed) on August 5, 2021.
  • Chromatic 3D Materials raised $500K (Seed) on August 4, 2021.

Who to call at PsiQuantum, and when

A new round usually means PsiQuantum is about to hire and buy. The teams that reach out first get the meeting.

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Company Information

Company

PsiQuantum

Location

700 Hansen Way

Palo Alto, California, United States

About

PsiQuantum was founded by four world leaders in quantum computing in 2016 and is headquartered in Palo Alto, California. The company’s mission is to build and deploy the world’s first useful quantum computers. PsiQuantum’s photonic approach enables it to leverage high-volume semiconductor manufacturing, existing cryogenic infrastructure, and architectural flexibility to rapidly scale its systems.

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Related People

2 contacts
Verified contactsArvin, Head of Quantum Chemistry hidden hiddenSee plans and pricing
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PsiQuantum raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

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Fundz is a real-time business intelligence platform powered by agentic AI that proactively delivers personalized daily signals, including funding rounds, executive changes, M&A activity, 13F institutional filings, SEC 8-K events, investor activity, and website modifications, based on each user's watchlist and ICP. A trusted data source at firms such as BlackRock, Oracle, Kleiner Perkins, LinkedIn, HubSpot, and Cloudflare, Fundz democratizes the institutional-grade intelligence that previously required a PitchBook or Bloomberg terminal. Features include Daily Briefing for AI-powered daily briefings, and unified cross-signal alerts across 281,000+ organizations. Developers and data teams can access these signals programmatically via the Fundz Funding Data API, with transparent published pricing.