Doha – The Qatar Investment Authority (QIA) has announced its participation in a major Series E investment round worth $1 billion in PsiQuantum, a U.S. leader in optical quantum computing, raising the company’s valuation to nearly $7 billion.
The round also saw participation from leading global institutions including BlackRock, Temasek, Baillie Gifford, and NVentures (Nvidia’s venture arm), underscoring the strong momentum surrounding quantum computing technologies worldwide.
Funding Objectives
PsiQuantum stated that the new funding will be allocated to:
- Launching large-scale quantum computing sites in Brisbane (Australia) and Chicago (U.S.).
- Deploying advanced test systems to validate infrastructure and engineering performance.
- Developing high-performance quantum optical chips using Barium Titanate, enabling faster and more efficient optical switches.
- Expanding production capacity of quantum optical components in line with its roadmap toward utility-scale quantum computing.
PsiQuantum’s Vision
PsiQuantum follows a photonic approach, using light particles (photons) as qubits, which allows it to leverage existing expertise in semiconductors and fiber optics. The company emphasizes that its current architecture has reached an advanced stage, making it possible to build practical quantum systems capable of solving highly complex problems across critical sectors such as energy, pharmaceuticals, and artificial intelligence.
Significance of the Investment
QIA’s participation in this round sends a strong signal of Qatar’s commitment to investing in future technologies and supporting pioneering companies driving the quantum computing revolution. This reinforces Qatar’s position as a key global player in the DeepTech sector.
