Home / Business and Economy / Quantum Computing Startup PsiQuantum Secures $1 Billion in Funding
Quantum Computing Startup PsiQuantum Secures $1 Billion in Funding
10 Sep
Summary
- PsiQuantum secures $1 billion in funding, now valued at $7 billion
- Partnering with Nvidia to enhance its quantum computers
- Aims to develop a million-qubit, fault-tolerant quantum computer
In a significant development in the world of quantum computing, PsiQuantum, a startup in this field, has secured $1 billion in funding. As of September 10, 2025, the company's valuation now stands at a remarkable $7 billion.
PsiQuantum is collaborating with tech giant Nvidia to further enhance its quantum computing capabilities. This partnership marks a crucial step forward in the advancement of quantum technology. The funding will support PsiQuantum's expansion efforts in both Australia and the United States.
The company's ambitious goal is to develop a million-qubit, fault-tolerant quantum computer. This would represent a major breakthrough in the field, as current quantum computers are limited in their qubit count and susceptibility to errors. PsiQuantum's pursuit of a highly scalable and reliable quantum system could pave the way for groundbreaking applications in various industries.
