Quantum computing startup raises $230 million

January 30, 2020 //By Peter Clarke
Quantum computing startup raises $230 million
PsiQuantum Corp. (Palo Alto, Calif.), the photonics quantum computing company led by Jeremy O'Brien, has raised $230 million in a round of equity financing.

O'Brien was previously a professor of physics and electrical engineering at the University of Bristol and was the director for the Centre for Quantum Photonics there. He had also served as a visiting professor at Stanford University in Palo Alto.

O'Brien stood down from his academic roles in 2018 to pursue the idea of creating a photonic quantum computing company although company registrations of PsiQuantum Ltd. in the UK and PsiQuantum Corp. in the US were made in 2016.

PsiQuantum also raised $13.2 million in a Series A round of finance back in 2016 and a Series B in 2017, according to a Pitchbook entry, which lists the company's investors as including: A&E Investments; Atomico, Black Rock, Microsoft and Playground Global. Playground Global was founded in 2014 by Andy Rubin, a former senior executive with Google.

O'Brien formed PsiQuantum with Terry Rudolph, a professor at Imperial College London.

Related links and articles:

www.psiquantum.com

News articles:

Quantum computing near and disruptive, warns academic at Davos

Canada invests in photonic quantum computation startup

Quantum computing available via Amazon Web Services

Sheffield University opens quantum technology centre

Google's Sycamore quantum processor shows 'supremacy'

IBM provides Germany with quantum computer


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