M12 returned to reinvest in the quantum computer developer at a valuation topping $3bn, boosting its overall funding to $665m.
US-headquartered quantum computing technology developer PsiQuantum completed a $450m series D round yesterday that included software provider Microsoft’s corporate venture capital unit, M12.
The round was led by funds and accounts managed by BlackRock and also featured fellow investment management firm Baillie Gifford, VC fund Blackbird Ventures and Singaporean government-owned investment firm Temasek.
PsiQuantum is developing what it expects to be the first commercially viable quantum computer, utilising a system where photonic circuits are patterned onto a silicon chip and…
