Latest PsiQuantum News & Updates

See the latest news and media coverage for PsiQuantum. We track all announcements, press releases, and industry mentions in real time, all in one place.

PsiQuantum

Utility-scale photonic quantum computing developer

psiquantum.com

Headquarters: Palo Alto, United States
Founded year: 2015
Company type: Private company
Number of employees: 600–1,000
Industry: Computer Hardware

Last updated Today

Latest news about PsiQuantum

In short: PsiQuantum secured a $100 million CHIPS Act award, expanded its DARPA deal to $125 million, and broke ground on several global facilities.

Company announcements

September 8 PsiQuantum

PsiQuantum finalizes a $100 million Department of Commerce award for R&D

The CHIPS and Science Act funding accelerates domestic manufacturing of critical quantum components in the U.S., strengthening supply chain security.

August 11 PsiQuantum

PsiQuantum appoints Niklas Zennström to its board of directors

Zennström, founder and CEO of Atomico, co-founded Skype and will help guide the quantum company's next phase of execution and scaling.

August 7 PsiQuantum

PsiQuantum breaks ground on quantum computing site in Queensland

The Moreton Bay ceremony included Federal Minister Tim Ayres and Queensland Minister Andrew Powell, marking the transition from university breakthroughs to industrial quantum computing.

July 30 PsiQuantum

PsiQuantum expanded its DARPA agreement by $125 million

Building on years of rigorous evaluation, PsiQuantum is one of two companies in the most advanced stage of the U.S. government's effort to assess commercial quantum computing pathways.

Media coverage

September 8 Yahoo Finance

PsiQuantum Finalizes $100 Million Award with the U.S. Department of Commerce

PsiQuantum announced today that the company has signed definitive documentation with the Department of Commerce for a $100 million award.

August 9 The Quantum Insider

Community Groups Want Mayor to Shut Down Quantum Shore Chicago Project

PsiQuantum, IBM and Infleqtion have announced involvement in the development, along with Illinois universities and the federal Defense Advanced Research Projects Agency.

August 4 Overclockers.ru

Ex-Intel chief praised PsiQuantum for contract with US secret agency on $125 million

Former Intel CEO Pat Gelsinger highly praised the agreement of quantum company PsiQuantum with the Pentagon's secret agency DARPA for $125 million.

July 30 Lawndale News

PsiQuantum Announces Major Investments in South Chicago

PsiQuantum announced a $250,000 philanthropic investment in local schools, higher education institutions, and STEM programs to advance the next generation of scientists, engineers, and quantum...

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