Nvidia to Collaborate With PsiQuantum on Quantum Computing, NVentures Unit Participates in $1 Billion Funding Round-February 2024-www.financetom.com

Nvidia to Collaborate With PsiQuantum on Quantum Computing, NVentures Unit Participates in $1 Billion Funding Round

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Nvidia to Collaborate With PsiQuantum on Quantum Computing, NVentures Unit Participates in $1 Billion Funding Round

Sep 10, 2025 5:48 AM

08:21 AM EDT, 09/10/2025 (MT Newswires) -- Nvidia's ( NVDA ) venture capital arm, NVentures, has participated in a $1 billion Series E funding round for PsiQuantum, valuing the company at $7 billion, PsiQuantum said Wednesday.

Nvidia ( NVDA ) and PsiQuantum also agreed to collaborate on quantum algorithms and software, GPU-QPU integration, and PsiQuantum's silicon photonics platform.

The round was led by funds and accounts managed by BlackRock ( BLK ) , Temasek, and Baillie Gifford, with participation from Macquarie Capital, Ribbit Capital, Adage Capital Management, Qatar Investment Authority, Type One Ventures, Counterpoint Global, 1789 Capital, and S Ventures.

PsiQuantum said it will use the funds to build quantum computing sites in Brisbane and Chicago, deploy large-scale prototype systems, and enhance its quantum photonic chips and fault-tolerant architecture.

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