PsiQuantum Raises $1B in Series E

PsiQuantum has successfully raised $1B in a Series E at a $3.5B valuation led by BlackRock, Baillie Gifford.

Company Overview

PsiQuantum is a Quantum Computing company headquartered in Palo Alto, CA, founded in 2016 with 300+ employees.

Quantum computing startup developing million-qubit quantum computer

Fundraising Details

- Amount Raised: $1B
- Round Type: Series E
- Valuation: $3.5B
- Date: 2025-09-08
- Investors: BlackRock, Baillie Gifford

About PsiQuantum

Quantum computing startup developing million-qubit quantum computer The company is positioned in the Quantum Computing sector, serving a growing market with innovative solutions.

Key Information

- Headquarters: Palo Alto, CA
- Founded: 2016
- Team Size: 300+
- Industry: Quantum Computing

What This Means

This funding round demonstrates strong investor confidence in PsiQuantum's vision and execution. The capital will likely be used to:

- Scale Operations: Expand the team and operational capacity
- Product Development: Enhance existing products and develop new features
- Market Expansion: Enter new markets and strengthen presence in existing ones
- Technology Investment: Invest in infrastructure and technology capabilities

Industry Context

The Quantum Computing sector continues to attract significant investment as companies innovate to meet evolving market demands. PsiQuantum's successful fundraising reflects the strong fundamentals and growth potential in this space.

Valuation Milestone

Reaching a $3.5B valuation marks an important milestone for PsiQuantum, positioning the company among notable players in the Quantum Computing industry.

Looking Ahead

With this new capital, PsiQuantum is well-positioned to execute on its growth strategy and continue building innovative solutions in the Quantum Computing space. The company's trajectory will be one to watch as it deploys this funding to achieve its next phase of growth.

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This fundraising news was reported on 2025-09-08. For more information about PsiQuantum, visit their headquarters at Palo Alto, CA.