PsiQuantum had previously raised funding from Temasek, Microsoft Corp, Blackrock and Australian VC BlackBird. The last reported round was back in July 2021 with US$450 million raised in a Series D round, valuing the company at US$3.15 billion then.
Palo Alto-based PsiQuantum is receiving investments, grants, and loans worth A$940 million from Australian authorities to build what it says will be the world's first utility-scale quantum computer in Brisbane.
The company, founded in 2015, aims to have the site operational by the end of 2027 under what it calls an "aggressive" plan.
