PsiQuantum secures conditional Pentagon loan commitment worth up to $150 million

The commitment comes from the Pentagon’s Office of Strategic Capital, the quantum computing company announced. The financing would expand US manufacturing and prototyping capabilities, according to HPCwire. The Next Web reports that this is the second conditional loan commitment from the same Pentagon office in two days.

Covered by 2 publishers within 2 hours of the first report.

• The Next Web: Pentagon offers PsiQuantum a conditional loan of up to $150m

Reporting2

TNW The Next Web Pentagon offers PsiQuantum a conditional loan of up to $150m · Cristian Dina 11:43 AM

HPC HPCwire PsiQuantum Receives Conditional $150M Loan Commitment to Advance US Quantum Computing · Andrew Jolly 2:09 PM

Related

NV Nvidia pledges $1 billion over five years for US science research October 8

WSJ Oratomic raises $475 million at a $5.4 billion valuation October 8

DCD DARPA selects four companies for final quantum computing evaluation October 7

DCD ZuriQ and Infineon expand collaboration on scalable quantum chips October 7

Topics Quantum computing