PsiQuantum Seeks $750 Million Investment as BlackRock Increases Commitment to Light-Based Supercomputers Following Nvidia’s Shift in Strategy

Posted in

June 10, 2025

PsiQuantum Seeks 0 Million Investment as BlackRock Increases Commitment to Light-Based Supercomputers Following Nvidia’s Shift in Strategy

Quantum computing startup PsiQuantum is aiming to raise at least $750 million in a funding round led by BlackRock, seeking to double its valuation to $6 billion. Based in Palo Alto, the company is focused on developing a fault-tolerant quantum computer using photonic qubits and traditional semiconductor manufacturing techniques. To bolster its efforts, PsiQuantum is collaborating with the U.S. and Australian governments to establish quantum computing facilities in Chicago and Brisbane, respectively. In addition to securing substantial funding, the company has introduced innovative quantum technology products and is seeing renewed interest from investors, largely due to shifts in confidence within the sector.

Original source:

https://finance.yahoo.com/news/psiquantum-eyes-750m-raise-blackrock-010153647.html

PsiQuantum Seeks $750 Million Investment as BlackRock Increases Commitment to Light-Based Supercomputers Following Nvidia’s Shift in Strategy

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