CEO · Founder, PsiQuantum
Stories naming Professor Jeremy O'Brien. Where several outlets covered the same round, they are bundled under whichever ran the fullest account.
PsiQuantum has relocated its $940m government-backed quantum computing project to Moreton Bay after dropping the Brisbane Airport site, with groundbreaking set for June following timeline slippage flagged in Senate Estimates.
Year-end roundup ranking 2024's twelve largest startup raises, headed by PsiQuantum's $940 million government-backed quantum computing round, plus Guzman y Gomez's ASX listing and Betashares' Temasek investment.
PsiQuantum will build a second quantum computer in Chicago with US$500m in tax incentives, after Australian and Queensland government equity in April. Forbes Australia's 30 Under 30 nominations are open.
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The Australian federal and Queensland governments are investing $940m in PsiQuantum, which will open a Brisbane regional headquarters; $18.4m will fund a national quantum centre at the University of Sydney.
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The federal and Queensland governments say they will put nearly a billion dollars into PsiQuantum for a fault-tolerant quantum computer in Brisbane, anchoring the company's regional headquarters and creating 400 roles.
Blackbird Ventures announces it joined PsiQuantum's USD450 million Series D round, and sets out why the startup's silicon photonics approach can scale to a useful quantum computer.
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