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MICROSOFT CORPORATION

(MSFT)
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Microsoft : venture fund M12 participates in PsiQuantum Series D Funding Round

07/29/2021 | 06:08pm EDT

The PsiQuantum founders are world leaders in linear optical quantum computing with a combined 60 years advancing the field in academia prior to starting the company. Jeremy O'Brien (CEO), Terry Rudolph (Chief Architect), Pete Shadbolt (Chief Strategy Officer), and Mark Thompson (Chief Technologist) comprise a strong leadership team. Recent key hires include CRO Josh Richman-an experienced business development and government affairs executive-and COO Fariba Danesh, a leading executive with deep semiconductor experience. The team boasts an impressive bench of talent spanning silicon photonics, quantum architecture, quantum error correction, and semiconductor engineering expertise.

I'm thrilled to continue my support of PsiQuantum and their mission. We look forward to our ongoing partnership with existing investors Baillie Gifford, Playground Global, Redpoint Ventures, Founders Fund, Quantum1 Group, Atomico, and BlackRock, who is leading the Series D. It's also an honor to welcome new investors Blackbird Ventures and Temasek-just to name a few.

With over 70 PhDs on staff, a strong IP portfolio, and a mutual partnership with semiconductor manufacturing leader GlobalFoundries, PsiQuantum is well-positioned to fulfill their ambition: to deliver the world's first fault tolerant quantum computer with one million physical qubits. Congratulations to Jeremy, Terry, Pete, Mark, and the entire team on this major milestone!

Disclaimer

Microsoft Corporation published this content on 29 July 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 29 July 2021 22:06:29 UTC.


© Publicnow 2021
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Sales 2022 192 B - -
Net income 2022 66 131 M - -
Net cash 2022 92 059 M - -
P/E ratio 2022 34,3x
Yield 2022 0,81%
Capitalization 2 253 B 2 253 B -
EV / Sales 2022 11,3x
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Nbr of Employees 181 000
Free-Float 99,9%
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Bradford L. Smith President & Chief Legal Officer
Amy E. Hood Chief Financial Officer & Executive Vice President
James Kevin Scott Chief Technology Officer & Executive VP
Kirk Koenigsbauer COO & VP-Experiences & Devices Group
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