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PsiQuantum Raises $1 Billion for Quantum Computing Revolution

9/16/2025

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Summary

Story summary

PsiQuantum secured $1 billion in Series E funding, raising its valuation to $7 billion.
Investors included BlackRock, Temasek, Baillie Gifford, and Nvidia’s venture arm.
The company aims to create a one-million-qubit fault-tolerant quantum system by 2027.
Funding will support chip development, testing systems, and materials manufacturing.
PsiQuantum plans quantum computing centers in Brisbane, Australia, and Chicago, Illinois.

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Story summary

PsiQuantum secured $1 billion in Series E funding, raising its valuation to $7 billion.
Investors included BlackRock, Temasek, Baillie Gifford, and Nvidia’s venture arm.
The company aims to create a one-million-qubit fault-tolerant quantum system by 2027.
Funding will support chip development, testing systems, and materials manufacturing.
PsiQuantum plans quantum computing centers in Brisbane, Australia, and Chicago, Illinois.