Company type | Private |
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Industry | Quantum computing |
Founded | 2016Palo Alto, California | in
Founders |
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Headquarters | |
Key people | |
Number of employees | 280 (2024) [2] |
Website | psiquantum |
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]
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 facility in the UK. [15] [16] In 2024, the Australian government announced a A$940 million investment into the company via share purchases, grants and loans. [2] In the wake of the announcement, O'Brien stated that the aim of the company was to have a functioning quantum computer by 2029. Crikey's political editor, Bernard Keane, noted that the company had previously put forward a 2025 deadline. [17] Bernard and other commentators also claimed the selection process by the Australian government lacked transparency. [17] [18]
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