PsiQuantum has become the first unicorn in Imec.xpand’s portfolio as it fetched a valuation of more than $3bn.

PsiQuantum, a US-based quantum computing technology developer based on research at University of Bristol and Imperial College London, has completed a $450m series D round led by funds and accounts managed by BlackRock. Software provider Microsoft’s corporate venture capital unit, M12, also backed the round, as did Baillie Gifford, Blackbird Ventures and Singaporean government-owned investment…

The rest of this content is only accessible to University Venturing: News, Data, and Events - Global University Venturing Subscribers.

This content is only accessible to subscribers. If you are a subscriber, please sign in. Otherwise, if you would like to try before you buy and haven't previously taken out a free trial, you can do so below. You can also see details on subscriptions by clicking the Subscription Options button.