Investors: BlackRock, Temasek, Nvidia Ventures
PsiQuantum closed a $1B Series E in September 2025 led by BlackRock and Temasek, valuing the company at $7B to fund construction of its utility-scale photonic quantum facility in Queensland.
View article →PsiQuantum breaks ground on $1B photonic quantum facility
PsiQuantum began construction on a utility-scale quantum computer in Australia, backed by nearly $1B in government funding and a $1B Series E, betting silicon-photonics will beat superconducting rivals to commercial fault tolerance.
U.S. commits $2B to quantum foundries, betting supply chain controls the race
The Department of Commerce awarded $2 billion in CHIPS incentives to nine quantum companies, anchored by IBM's new Anderon foundry, reshaping who can access quantum wafer fabrication globally.
Trump gives quantum chip makers $2B, takes equity stakes in return
Trump administration awards $2 billion in quantum computing manufacturing grants to nine firms while taking equity stakes, departing from traditional CHIPS Act subsidy structure.