PsiQuantum Secures $1B to Build Fault-Tolerant Million-Qubit Computers


PsiQuantum Secures $1B to Build Fault-Tolerant Million-Qubit Computers

📅 - Quantum computing start-up PsiQuantum has secured $1 billion in fresh funding to accelerate its ambitious plan to build the world's first utility-scale, fault-tolerant quantum computers. The Series E round, announced this week, values the company at $7 billion and represents one of the largest single investments to date in quantum technology.

PsiQuantum says the capital will be used to establish sites in Brisbane, Australia, and Chicago, where large-scale systems can be deployed and validated, while advancing the performance of its quantum photonic chips and its error-corrected architecture.

The round was led by funds and accounts managed by affiliates of BlackRock, with participation [...][... Check source for end of article ...]
Tags: Quantum Computing

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