PsiQuantum Raises $620M to Build the World’s First Useful Quantum Computer Using Photonics

PsiQuantum is thrilled to announce that we have successfully raised $620,000,000 in our latest funding round, marking a significant milestone in our journey to build the world’s first useful quantum computer. As quantum computing stands poised to revolutionize fields such as medicine, energy, finance, and beyond, this substantial infusion of capital will empower us to accelerate research and development efforts, refine our technologies, and scale our operations in pursuit of solving some of the world’s most challenging problems. At PsiQuantum, our team—a diverse and highly skilled group of quantum physicists, semiconductor specialists, systems and software engineers, and system architects—is united by our commitment to error correction and delivering real-world solutions. We believe that photonics is the only viable path towards achieving the ambitious goal of creating a quantum computer with at least 1,000,000 qubits and robust error correction capabilities. With the new funds, we aim to scale our production processes, enhance our research in photonics-based quantum systems, and secure key partnerships that will facilitate our next phase of innovation. This investment not only underscores the market’s confidence in our vision and technological trajectory but also reinforces our determination to redefine computing paradigms through groundbreaking advancements. As we continue to push the boundaries of what’s possible, we remain deeply committed to fostering a future where quantum computing catalyzes transformative progress in various industries. The journey toward a quantum-enabled world is just beginning, and we invite passionate, exceptional individuals to join us as we work on one of the defining technologies of our lifetime.