Startup PsiQuantum’s $750 Million Fund Boosts Its Valuation To $6 Billion

PsiQuantum, a quantum computing startup, is raising a minimum of $750 million, targeting a pre-money valuation of $6 billion, according to media reports. This funding is led by BlackRock, which has not been completed yet. This funding comes at a time when competitors are also aiming to build the next generation of quantum computers, and each has its own unique approach to the technology. This recent investment round highlights the escalating interest in quantum technology, even though it is still nascent. The startup is now valued closer to its competitor IonQ, the primary publicly traded quantum company. Even though companies like IBM are pioneers in the quantum computing space with its IBM Quantum platform, which includes both hardware and software solutions for quantum compu