PsiQuantum raised $940M in a grant to build a quantum computer near Brisbane Airport

Apr 29, 2024•over 1 year ago

Amount Raised

$940

Round Type

pre-seed

Palo Altocomputer hardware

Description

PsiQuantum, a quantum startup, has secured a $940 million funding mix of equity, grants, and loans. The funding will enable PsiQuantum to set up near Brisbane Airport and build the world’s first utility-scale quantum computer by the end of 2027.

Company Information

Company

PsiQuantum

Location

700 Hansen Way

Palo Alto, California, United States

About

Powered by breakthroughs in silicon photonics and quantum architecture, PsiQuantum is on course to build the world’s first commercially viable quantum computer to solve some of the world’s most important challenges. PsiQuantum believes silicon photonics is the only way to achieve the necessary scale required for error correction and deliver a fault-tolerant, general-purpose quantum computer. With quantum chips now being manufactured in a world-leading semiconductor fab, PsiQuantum is uniquely positioned to deliver quantum capabilities that will drive advances in climate, healthcare, finance, energy, agriculture, transportation, communications, and beyond. To learn more, visit www.psiquantum.com.

Funding Insights

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PsiQuantum raised $940M in a grant to build a quantum computer near Brisbane Airport

Description

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Funding Insights

Company Information