PsiQuantum

Last updated
PsiQuantum, Corp.
Company type Private
Industry Quantum computing
Founded2016;8 years ago (2016) in Palo Alto, California
Founders
Headquarters
Palo Alto, California, US
Key people
  • Jeremy O'Brien (CEO) [1]
  • Terry Rudolph (chief architect) [1]
Number of employees
280 (2024) [2]
Website psiquantum.com

PsiQuantum, Corp. (formerly PsiQ) [3] is an American quantum computing company based in Palo Alto, California. It is developing a general-purpose silicon photonic quantum computer. [4] [5] [6]

History

PsiQuantum was co-founded in 2016 by Jeremy O'Brien, Terry Rudolph, Peter Shadbolt, and Mark Thompson. They are or were professors and researchers at the University of Bristol and Imperial College London, England. [7] [8]

As of July 2021, PsiQuantum was reported to have raised $665 million from investors at a valuation of $3.15 billion. [1] Its investors include BlackRock, Baillie Gifford, and Microsoft's venture fund M12.

In 2022, PsiQuantum and GlobalFoundries received U.S. federal funding for quantum computer research and development. [9] [10] [11] PsiQuantum also entered into a collaboration with the Air Force Research Laboratory. [12] [13]

In 2023, DARPA selected PsiQuantum as one of the companies to receive funding under its Underexplored Systems for Utility-Scale Quantum Computing (US2QC) program. [14] The UK Government also provided funding for PsiQuantum to open a test facility for cryogenic testing in the UK. [15] [16]

In 2024, the Australian Commonwealth and Queensland governments announced a A$940 million investment into the company via share equity (US$250 million) and loans. [2] to build the world's first utility-scale, fault-tolerant quantum computer in Brisbane, Queensland. PsiQuantum stated that it had an aggressive plan to have the system operational by the end of 2027. [17] In July 2024, PsiQuantum announced it had signed a memorandum of understanding (MOU) with five Queensland universities (The University of Queensland, Griffith University, Queensland University of Technology, University of Southern Queensland and the University of the Sunshine Coast) to develop educational programs in quantum fields and collaborate on research projects. [18]

Later in July 2024, PsiQuantum announced it would be partnering with the State of Illinois, Cook County, and the City of Chicago to anchor Governor JB Pritzker's new Illinois Quantum and Microelectronics Park. [19]

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References

  1. 1 2 3 Castellanos, Sara (2021-07-27). "PsiQuantum Raises $450 Million to Build Its Quantum Computer". Wall Street Journal. ISSN   0099-9660 . Retrieved 2023-12-25.
  2. 1 2 Bonyhady, Nick (2024-04-29). "Labor's bold $1b bet on Aussie quantum start-up" . Australian Financial Review. ISSN   1444-9900. Archived from the original on 2024-04-29. Retrieved 2024-05-01.
  3. ↑ Murgia, Madhumita (2019-06-23). "British quantum computing experts leave for Silicon Valley". Financial Times. Retrieved 2023-12-25.
  4. ↑ "PsiQuantum - Building the World's First Useful Quantum Computer". PsiQuantum. Retrieved 2023-12-25.
  5. ↑ "10-K". www.sec.gov.
  6. ↑ Witt, Stephen (2022-12-12). "The World-Changing Race to Develop the Quantum Computer". The New Yorker. ISSN   0028-792X . Retrieved 2024-01-12.
  7. ↑ "Team". PsiQuantum. Retrieved 2023-12-25.
  8. ↑ "PsiQuantum, with links to Imperial research, reaches multi-billion valuation". Imperial College London. 29 July 2021. Retrieved 25 December 2023.
  9. ↑ Smith-Goodson, Paul. "PsiQuantum Has A Goal For Its Million Qubit Photonic Quantum Computer To Outperform Every Supercomputer On The Planet". Forbes. Retrieved 2023-12-25.
  10. ↑ staff (2022-04-08). "$25M Federal Funding for Quantum R&D for GlobalFoundries and PsiQuantum". High-Performance Computing News Analysis | insideHPC. Retrieved 2023-12-25.
  11. ↑ Cherney, Max. "PsiQuantum targets first commercial quantum computer in under six years". Reuters . Retrieved 25 December 2023.
  12. ↑ "PsiQuantum Secures $22.5M Contract with Air Force Research Labs". HPCwire. Retrieved 2023-12-25.
  13. ↑ Swayne, Matt (2023-12-18). "AFRL Provides US With Robust Future Quantum Computing, Networking Capabilities". The Quantum Insider. Retrieved 2023-12-25.
  14. ↑ Swayne, Matt (2023-12-30). "DARPA 'Excited' About Microsoft, PsiQuantum Approaches to Utility-Scale Quantum Computing". The Quantum Insider. Retrieved 2023-12-31.
  15. ↑ "PsiQuantum opens R&D facility at Daresbury Laboratory". www.ukri.org. 2023-10-05. Retrieved 2023-12-25.
  16. ↑ "Secretary of State's remarks at PsiQuantum". GOV.UK. 2023-09-04. Retrieved 2023-12-25.
  17. ↑ "PsiQuantum to Build World's First Utility-Scale, Fault-Tolerant Quantum Computer in Australia". PsiQuantum. April 30, 2024.
  18. ↑ "PsiQuantum Partners with Queensland Universities, Bolstering the Future of Quantum Computing in Australia". PsiQuantum. July 15, 2024.
  19. ↑ "Gov. Pritzker Announces Location and PsiQuantum as Anchor Tenant of New Quantum Park". Governor JB Pritzker - Newsroom. July 25, 2024.
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