PsiQuantum
About PsiQuantum
PsiQuantum
In September 2025, PsiQuantum announced the closing of a $1 billion Series E funding round, valuing the company at $7 billion and enabling construction of utility-scale quantum sites in Brisbane, Australia, and Chicago, United States. The round was led by affiliates of BlackRock and backed by Temasek, Baillie Gifford, Macquarie Capital, Ribbit Capital, NVentures, Adage Capital Management, the Qatar Investment Authority, Type One Ventures, Counterpoint Global, 1789 Capital and S Ventures. The company secured significant funding from the Australian and Queensland governments in 2024 to build the world’s first utility-scale, fault-tolerant quantum computer in Brisbane with target completion by the end of 2027. In February 2025, DARPA selected PsiQuantum to advance to the final phase of its Utility-Scale Quantum Computing Program. On April 15, 2025, PsiQuantum secured a $10.8 million contract with the Air Force Research Laboratory (AFRL). The company is now breaking ground on major facilities in both Chicago and Brisbane, building million-qubit scale fault-tolerant quantum computers using high-volume manufacturing of integrated photonic chips and 300 mm wafers produced at GlobalFoundries Fab 8 in New York.
Company Information
- Founded: 2016
- Country: United States
- Website: https://psiquantum.com
- Categories: hardware, photonic, quantum chemistry, quantum infrastructure, quantum investment, quantum materials, quantum photonics, quantum processors
Investment Information
- Status: private
- Total Raised: $1415M
- Last Valuation: $6.0B
Recent Funding Rounds
- 2025-01-15: series-d - $750M - Series D funding round led by BlackRock
- 2021-04-06: series-c - $450M - Series C funding round
- 2020-01-22: series-b - $215M - Series B funding round
Related Companies
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Company Information
Founded
2016
Country
United States
Website
Categories
Investment Information
Status
Private
Total Raised
$1415M
3 funding rounds tracked. View detailed investment history →
Categories & Regions
Categories
Region
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