The Technology team advised PsiQuantum Corp on its Series E financing to support the development of the world’s first utility-scale, fault-tolerant quantum computers. The round, led by funds and accounts managed by affiliates of BlackRock, alongside Temasek and Baillie Gifford, includes participation from both new and existing investors. The financing will enable the company to break ground on quantum computing sites in Brisbane and Chicago and scale production of its proprietary quantum photonic chips and high-performance optical switches.
After more than a decade of academic research, PsiQuantum was founded on the premise that photonic qubits, together with leverage of mature semiconductor manufacturing processes, could provide a fast path to a commercially useful, million-qubit quantum computer. PsiQuantum builds thousands of wafers of quantum chips in a tier-1 foundry, operates cryogenic cabinets designed to support hundreds of chips, and is optimizing fault-tolerant algorithms that will solve valuable problems using our first-generation computers.
The Goodwin team was led by Anthony McCusker, Dane Patterson, Amy Kim, Sandy de Sauvage, Scott Carson, Evelynn Chun, Grace Amato, Jacob Osborn, Nate Cunningham, Christina Keeney, James Riley, Michael Casaburi, Jennifer Kelefant, Ora Grinberg, Simone Waterbury, Garrett Gaughan, Richard Garvan, Isabelle Greenblatt-Gunning, Bradley Weber, Justin Pierce, and Ce Li.
For more information, please read the press release.