Tech Company Financing Transactions
PsiQuantum Funding Round
PsiQuantum, based in Palo Alto, raised $1 billion from BlackRock, Adage Capital Management and Baillie Gifford.
Transaction Overview
Company Name
Announced On
9/10/2025
Transaction Type
Venture Equity
Amount
$1,000,000,000
Round
Series E
Investors
Proceeds Purpose
The company intends to use the funds to improve the utility-scale quantum computing sites in Brisbane and Chicago, deploy large-scale prototype systems to validate systems architecture and integration, and further advance the performance of its quantum photonic chips and fault-tolerant architecture.
Company Information
Company Status
Private & Independent
Industry
Electronics
Mailing Address
700 Hansen Way
Palo Alto, CA 94304
USA
Palo Alto, CA 94304
USA
Phone
Website
Email Address
Overview
PsiQuantum is building the first useful quantum computer. At PsiQuantum our singular focus is on building the world's first useful general purpose quantum computer. That end goal set us on a different path, with a different underlying technology -- silicon photonic qubits produced in a conventional semiconductor fab.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Jeremy O'Brien
Chief Operating Officer
Stu Aaron
Chief Technical Officer
Mark Thompson
VP - Bus. Development
Nicholas Kelez
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