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On September 10, 2025 (local time), PsiQuantum Corp., a startup specializing in quantum computing, proudly declared the successful closure of a substantial $1 billion funding round. This round attracted prominent investors, including tech giant NVIDIA, the Qatar Investment Authority, and Macquarie Capital. As a result of this investment, the company's valuation soared to an impressive $7 billion.
PsiQuantum, headquartered in the tech hub of Palo Alto, California, has earmarked the newly acquired funds for several strategic initiatives. It plans to kickstart the construction of large-scale quantum computing facilities in Brisbane, Australia, and Chicago, USA. Additionally, the company will allocate resources to boost chip performance and pursue other key projects, aiming to solidify its position in the competitive quantum computing landscape.
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