PsiQuantum was founded in 2016 by Jeremy O'Brien, Mark Thompson, Pete Shadbolt, and Terry Rudolph. According to Reuters in a September 2023 report, “Investors have granted the Palo Alto, California-based startup a $3.15 billion valuation and infused it with $700 million thus far.” PsiQuantum has not officially endorsed a plan to participate in an IPO.
PsiQuantum is a quantum computer manufacturing company that enables everyday users to solve their problems in industries such as agriculture, climate, and finance. Per Forge data, PsiQuantum has raised a total of $708.5 million in funding over 5 rounds. Their latest funding was raised on Jul 27, 2021, from a Series D round. Key investors include Playground Global, Founders Fund, Blackrock, Atomico, and Redpoint.
These comments should not be interpreted to mean that the company is formally pursuing or foregoing an IPO.
Funding Date | Share Class | Amount Raised | Price per Share | Post-Money Valuation | Key Investors | |
---|---|---|---|---|---|---|
07/27/2021 | Series D | $450MM | $xx.xx | $3.23B | Blackrock, Baillie Gifford, M12, Blackbird Ventures, Temasek | |
Price per Share
$xx.xx
Shares Outstanding
17,158,414
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
8.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
N/A
Key Investors
Blackrock, Baillie Gifford, M12, Blackbird Ventures, Temasek
|
||||||
04/07/2020 | Series C | $153.65MM | $xx.xx | $450.43MM | Atomico, Founders Fund, Blackrock, Baillie Gifford, M12 | |
Price per Share
$xx.xx
Shares Outstanding
33,128,726
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
8.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
N/A
Key Investors
Atomico, Founders Fund, Blackrock, Baillie Gifford, M12
|
||||||
09/05/2017 | Series B | $50MM | $xx.xx | $102.72MM | Founders Fund, Playground Global | |
Price per Share
$xx.xx
Shares Outstanding
22,880,151
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
8.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
N/A
Key Investors
Founders Fund, Playground Global
|
||||||
06/21/2016 | Series A | $13.27MM | $xx.xx | $37.93MM | The House Fund, Redpoint Ventures, Playground Global | |
Price per Share
$xx.xx
Shares Outstanding
7,673,407
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
8.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
N/A
Key Investors
The House Fund, Redpoint Ventures, Playground Global
|