PsiQuantum
IndustryQuantum computing
Founded2016 (2016) in Palo Alto, California
Headquarters
Palo Alto, California
Key people
Websitehttps://www.psiquantum.com/

PsiQuantum (formerly PsiQ)[1] is a quantum computing company based in Palo Alto, California. It is developing a general-purpose silicon photonic quantum computer.[2][3][4]

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.[5][6]

As of July 2021, PsiQuantum was reported to have raised $665 million from investors at a valuation of $3.15 billion.[7] 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.[8][9][10] PsiQuantum also entered into a collaboration with the Air Force Research Laboratory.[11][12]

In 2023, DARPA selected PsiQuantum as one of the companies to receive funding under its program to "to explore new ways to scale qubit count for larger system".[13][14] The UK Government also provided funding for PsiQuantum to open a facility in the UK.[15][16]

References

  1. ↑ Murgia, Madhumita (2019-06-23). "British quantum computing experts leave for Silicon Valley". Financial Times. Retrieved 2023-12-25.
  2. ↑ "PsiQuantum - Building the World's First Useful Quantum Computer". PsiQuantum. Retrieved 2023-12-25.
  3. ↑ "10-K". www.sec.gov.
  4. ↑ Witt, Stephen (2022-12-12). "The World-Changing Race to Develop the Quantum Computer". The New Yorker. ISSN 0028-792X. Retrieved 2024-01-12.
  5. ↑ "Team". PsiQuantum. Retrieved 2023-12-25.
  6. ↑ "PsiQuantum, with links to Imperial research, reaches multi-billion valuation". Imperial College London. 29 July 2021. Retrieved 25 December 2023.
  7. ↑ Castellanos, Sara (2021-07-27). "PsiQuantum Raises $450 Million to Build Its Quantum Computer". Wall Street Journal. ISSN 0099-9660. Retrieved 2023-12-25.
  8. ↑ 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.
  9. ↑ 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.
  10. ↑ Cherney, Max. "PsiQuantum targets first commercial quantum computer in under six years". Reuters. Retrieved 25 December 2023.
  11. ↑ "PsiQuantum Secures $22.5M Contract with Air Force Research Labs". HPCwire. Retrieved 2023-12-25.
  12. ↑ Swayne, Matt (2023-12-18). "AFRL Provides US With Robust Future Quantum Computing, Networking Capabilities". The Quantum Insider. Retrieved 2023-12-25.
  13. ↑ Smith-Goodson, Paul. "DARPA Gets Serious About Quantum: Five-Year Funding To Build Fault-Tolerant Quantum Computers Goes To Atom Computing, Microsoft And PsiQuantum". Forbes. 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.
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