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: 670–1,000
Industry: Integrated Hardware & Software

Last updated October 27

Latest news about PsiQuantum

In short: PsiQuantum named Victor Peng interim CEO, finalized $100M Commerce award, and broke ground in Australia

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.

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.

July 15 PsiQuantum

PsiQuantum appoints new executive leaders

Victor Peng named CEO, Rob Soderbery EVP, and Sriram Sitaraman CIO, strengthening leadership team.

May 21 PsiQuantum

PsiQuantum signs $100 million LOI with Commerce

The Letter of Intent proposes $100 million in CHIPS Act incentives to scale domestic production of Barium Titanate, single-photon detectors, and advanced photonic packaging alongside company co-investment.

Media coverage

October 27 Semafor

Exclusive / Quantum computing company’s first breakthrough is in AI data centers

PsiQuantum is building its first product. It isn’t a quantum computer, but it could become a superpower for AI data centers. The company has been...

October 8 The Next Web

Pentagon offers PsiQuantum a conditional loan of up to $150m

The PsiQuantum loan of up to $150m is conditional. CEO Victor Peng calls quantum "a critical technology" for US prosperity and national security.

September 30 Innovation Aus

Qld added new strings to $470m PsiQuantum investment

Queensland tightened the conditions on its $470 million PsiQuantum investment in the wake of a review of the joint federal-state deal to build a quantum...

September 8 Quantum Computing Report

PsiQuantum Executes Definitive $100 Million CHIPS Act Award with U.S. Department of Commerce

PsiQuantum has finalized a $100 million CHIPS Act award with the U.S. Department of Commerce to accelerate domestic ...

Never miss news about PsiQuantum

Track PsiQuantum and your other target companies to get real-time alerts and weekly summaries delivered straight to your inbox.

PsiQuantum competitors & trending companies

Browse news for competitors to PsiQuantum and other trending companies.