Search Menu
Photonics Media Photonics Marketplace Photonics Spectra BioPhotonics Vision Spectra Photonics Showcase Photonics ProdSpec Photonics Handbook
JAI Inc. - Go-X Series LB

PsiQuantum Will Build Commercial Quantum Computer Development

Facebook Twitter LinkedIn Email
PALO ALTO, Calif., July 27, 2021 — PsiQuantum has raised $450 million in Series D funding to build the world’s first commercially viable quantum computer, the company said. The company intends to build a fault-tolerant quantum computer supported by a scalable and proven manufacturing process. The company’s technology manipulates single photons using circuits that are patterned onto a silicon chip using standard semiconductor manufacturing processes. The company is manufacturing quantum photonic chips, as well as cryogenic electronic chips to control the qubits, using the advanced semiconductor tools in the production line of PsiQuantum’s manufacturing partner GlobalFoundries.

The funding round was led by funds and accounts managed by BlackRock, along with participation from insiders Baillie Gifford and M12 — Microsoft’s venture fund — and new investors including Blackbird Ventures and Temasek.

PsiQuantum has raised a total of $665 million in funding to date.
Jul 2021
Smallest amount into which the energy of a wave can be divided. The quantum is proportional to the frequency of the wave. See photon.
Businessquantumquantum computingqubitssemiconductorsmanufacturingquantum computerPsiQuantumfundingfundraisingSeries DBlackRockBlackBird VenturesTemasek

back to top
Facebook Twitter Instagram LinkedIn YouTube RSS
©2022 Photonics Media, 100 West St., Pittsfield, MA, 01201 USA, [email protected]

Photonics Media, Laurin Publishing
x We deliver – right to your inbox. Subscribe FREE to our newsletters.
We use cookies to improve user experience and analyze our website traffic as stated in our Privacy Policy. By using this website, you agree to the use of cookies unless you have disabled them.