PsiQuantum Soars to $7 Billion Valuation Following Massive $1 Billion Funding Round Led by Nvidia and BlackRock

Quantum computing just got a billion-dollar vote of confidence from two of tech and finance's biggest players.

The Heavy Hitters Back Quantum Leap

Nvidia and BlackRock just poured a combined $1 billion into PsiQuantum, catapulting the quantum startup to a staggering $7 billion valuation. This isn't just another funding round—it's a statement that quantum computing's future is being built right now.

Silicon Valley Meets Wall Street

The partnership merges Nvidia's chip dominance with BlackRock's financial muscle, creating a powerhouse alliance that could accelerate quantum adoption by years. Because when the world's largest asset manager bets on quantum, traditional finance suddenly looks… well, quantumly challenged.

Quantum's Tipping Point

This massive injection signals quantum computing's shift from theoretical research to commercial viability. The $7 billion valuation puts PsiQuantum in rarified air, suggesting investors see real-world applications—and returns—on the horizon.

Watch this space—quantum just got serious, and Wall Street's playing catch-up.

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The start-up was founded in the United Kingdom and is now based in Palo Alto, California. Its focus is on photonic chips that use light to process data. This approach is built on standard semiconductor plants and avoids the very low temperature setups required by rivals such as Alphabet (GOOG) and International Business Machines (IBM). Supporters argue that this design could give PsiQuantum a faster path to scale.

Race for Scale in Quantum Computing

PsiQuantum has set a target of building a one-million-qubit system by 2028. Currently, most machines can only reach hundreds of qubits, and experts note that error correction remains a key challenge. The company says it has met all of its technical goals so far and is now focused on integrating its design rather than creating new components.

Investor interest in quantum computing has been rising at the same pace. Recently, Quantinuum, backed by Honeywell (HON), raised $600 million at a $10 billion valuation. Finnish group IQM also raised $300 million. On the public markets, IonQ (IONQ), Rigetti Computing (RGTI), and D-Wave Quantum (QBTS) have seen their combined market value grow to about $22 billion, up from less than $5 billion late last year.

For Nvidia, the tie-up with PsiQuantum supports a plan to LINK graphics chips with new systems. Chief executive Jensen Huang has said that a fully developed quantum computer may still be years away. However, Nvidia continues to work with several start-ups to prepare for platforms that combine classical and quantum computing.

We used TipRanks’ Comparison Tool to line up some of the top quantum stocks and other tickers mentioned in this piece. It’s an easy way to see how they compare and get a sense of where the space might be headed.