PsiQuantum

Palo Alto, United States
Founded 2016
Commercial
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About

PsiQuantum is building utility-scale fault-tolerant photonic quantum computers with unprecedented funding scale.

September 2025: Raised $1 billion Series E at $7 billion valuation led by BlackRock, Temasek, and Baillie Gifford. New investors include NVentures (NVIDIA), Qatar Investment Authority, Macquarie Capital, Morgan Stanley Counterpoint Global. Total funding now exceeds $2 billion. Integrated Barium Titanate (BTO) into manufacturing - world's highest-performing electro-optic material for quantum switches.

November 2025: MOU with Lockheed Martin for aerospace/defense quantum algorithms. DARPA US2QC Phase 3 selection.

Constructing utility-scale facilities in Brisbane (Australia) and Chicago, plus 130,000 sq ft California test facility. Partnership with NVIDIA on quantum algorithms, GPU-QPU integration, and silicon photonics. GlobalFoundries 300mm wafer manufacturing collaboration.

First system: 1 million physical qubits targeting 2027-2029. Market positioning: highest-funded quantum company, photonic technology leader with Australian government backing and major enterprise partnerships.

Qubit Technology

Photonic

Key People

Jeremy O'Brien (Co-founder), Terry Rudolph (Co-founder), Mark Thompson (Co-founder), Pete Shadbolt (Co-founder)

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Quick Facts

Country: United States
City: Palo Alto
Founded: 2016
Type: commercial

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