PsiQuantum has become the first unicorn in Imec.xpand’s portfolio as it fetched a valuation of more than $3bn.
PsiQuantum, a US-based quantum computing technology developer based on research at University of Bristol and Imperial College London, has completed a $450m series D round led by funds and accounts managed by BlackRock.
Software provider Microsoft’s corporate venture capital unit, M12, also backed the round, as did Baillie Gifford, 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…
