.png)
Total amount raised
$2.37B
Latest funding date
2026-01-21
Location
PsiQuantum has raised a significant amount of funding across multiple rounds, with the latest being a Series E round involving 15 investors, plus a subsequent venture round in January 2026. The company is backed by notable investors such as BlackRock, Temasek, Baillie Gifford, Founders Fund, and the Australian Government.
PsiQuantum is on a mission to build the world's first useful quantum computer, leveraging photonic qubits and high-volume semiconductor manufacturing for scalability. Keep reading to explore the intricacies of PsiQuantum's fundraising journey and the investors backing this innovative platform.
PsiQuantum has raised a significant amount of funding across multiple rounds, with the latest being a Series E round involving 15 investors, plus a subsequent venture round in January 2026. The company is backed by notable investors such as BlackRock, Temasek, Baillie Gifford, Founders Fund, and the Australian Government.
PsiQuantum is on a mission to build the world's first useful quantum computer, leveraging photonic qubits and high-volume semiconductor manufacturing for scalability. Keep reading to explore the intricacies of PsiQuantum's fundraising journey and the investors backing this innovative platform.
What Is PsiQuantum?
PsiQuantum, based in Palo Alto, California, is a pioneering company in the quantum computing industry. With a workforce of 501–1000 employees, the company is dedicated to developing a scalable quantum computer using photonic qubits. Founded in 2016 with the mission to build the world's first useful quantum computer, PsiQuantum leverages high-volume semiconductor manufacturing to achieve scalability. The company is building quantum computing sites in Brisbane, Australia, and Chicago, USA.
How Much Funding Has PsiQuantum Raised?
- Series A
- Amount Raised: USD 13,500,000
- Date: June 2016
- Lead Investors: Playground Global, Redpoint Ventures
- Motivation: To establish the company and begin initial development of quantum computing technology.
- Series B
- Amount Raised: USD 50,000,000
- Date: September 2017
- Lead Investors: Founders Fund
- Motivation: To accelerate research and development efforts in scalable quantum computing.
- Series C
- Amount Raised: USD 230,000,000
- Date: November 2019
- Lead Investors: M12 (Microsoft's venture fund)
- Other Investors: Atomico, Founders Fund, Redpoint Ventures, BlackRock, Playground Global
- Motivation: To expand the team and advance photonic qubit technology toward fault-tolerant quantum computing.
- Series D
- Amount Raised: USD 450,000,000
- Date: July 2021
- Lead Investors: BlackRock
- Other Investors: Baillie Gifford, Playground Global, Redpoint Ventures, Founders Fund, Blackbird Ventures, Atomico, Temasek, M12
- Valuation at Round: USD 3.15 billion
- Motivation: To further develop and commercialize quantum computing technology.
- Government Venture Round (Australia)
- Amount Raised: AUD 940,000,000 (approximately USD 620,000,000)
- Date: April 2024
- Lead Investors: Australian Commonwealth Government, Queensland Government
- Structure: Mix of equity, grants, and loans
- Motivation: To support the construction of a utility-scale quantum computer in Brisbane.
- Secondary Market
- Amount Raised: Undisclosed
- Date: November 2024
- Lead Investors: Undisclosed
- Motivation: To provide liquidity for early investors and employees.
- Series Unknown (Venture)
- Amount Raised: USD 22,000,008
- Date: May 2025
- Lead Investors: Undisclosed
- Motivation: To continue scaling operations and technology development.
- Series E
- Amount Raised: USD 1,000,000,000
- Date: September 10, 2025
- Lead Investors: BlackRock, Temasek, Baillie Gifford
- New Investors: Macquarie Capital, Ribbit Capital, NVentures (NVIDIA), Adage Capital Management, Qatar Investment Authority (QIA), Type One Ventures, Counterpoint Global (Morgan Stanley), 1789 Capital, S Ventures (SentinelOne)
- Existing Investors: Blackbird Ventures, Third Point Ventures, T. Rowe Price
- Valuation at Round: USD 7 billion (post-money)
- Motivation: To accelerate development of a million-qubit fault-tolerant quantum computer at Brisbane and Chicago facilities.
- Venture Round (Series Unknown)
- Amount Raised: Undisclosed
- Date: January 21, 2026
- Investors: OGBC Group (via OGBC Premier PQ Fund), NVIDIA (NVentures), Temasek
- Lead Investors: Undisclosed (amount not publicly disclosed)
- Motivation: To support continued development of utility-scale quantum computing.
Total Amount Raised: At least USD 2,365,500,008 based on disclosed funding rounds (approximately $2.37B disclosed; includes AUD 940M converted at ~USD 620M). Additional amounts from the November 2024 secondary market round and January 2026 venture round are undisclosed.
Key Investors
- BlackRock
- Details: BlackRock, the world's largest asset manager, led PsiQuantum's Series D ($450M, 2021) and co-led the Series E ($1B, 2025). BlackRock's repeated participation underscores long-term conviction in quantum computing as a transformative technology.
- Temasek Holdings
- Details: Temasek is Singapore's state investment firm and a co-lead of the Series E round. Temasek also participated in the January 2026 venture round, reflecting sustained interest in deep-tech opportunities.
- Baillie Gifford
- Details: Baillie Gifford is a Scotland-based global investment manager known for long-horizon investments in transformational companies. It co-led PsiQuantum's Series E in September 2025.
- Australian & Queensland Governments
- Details: In April 2024, the Australian Commonwealth and Queensland Governments committed AUD 940M (~USD 620M) in equity, grants, and loans to fund construction of PsiQuantum's Brisbane quantum computing facility.
- Founders Fund
- Details: Founders Fund is a San Francisco-based venture capital firm that led PsiQuantum's Series B in 2017 and continued as an investor through the Series D in 2021.
- Atomico
- Details: Atomico is a European venture capital firm founded by Skype co-founder Niklas Zennström. Atomico was a lead investor in PsiQuantum's Series C and continued participation through the Series D.
- NVentures (NVIDIA)
- Details: NVIDIA's venture arm NVentures joined as a new investor in the September 2025 Series E and also participated in the January 2026 round, signaling NVIDIA's interest in quantum-classical convergence.
What's Next for PsiQuantum?
With a substantial A$940 million investment from the Australian Commonwealth and Queensland governments, PsiQuantum is poised to build the world's first useful quantum computer in Brisbane. This groundbreaking project aims to solve complex problems across industries such as renewable energy, healthcare, and transportation, potentially igniting the next industrial revolution.
As the project progresses, PsiQuantum is likely to attract further public and private sector funding, given the transformative potential of their technology. However, the company faces significant challenges, including the difficulty of scaling quantum systems and competition from major players like IBM and Google. Despite these hurdles, PsiQuantum's photonics-based approach and strong governmental support position it well for future success.
Use Clay to Get Funding Data
Sales professionals, take your strategy to the next level by leveraging Clay's platform to access comprehensive fundraising data on companies like PsiQuantum and gather other critical business insights.
Sign up for free to start exploring the wealth of information available at your fingertips and gain a competitive edge in your sales efforts.
