Company:PsiQuantum

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Short description: American quantum computing company
PsiQuantum
IndustryQuantum computing
Founded2016; 8 years ago (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] The UK Government also provided funding for PsiQuantum to open a facility in the UK.[14][15]

References

  1. Murgia, Madhumita (2019-06-23). "British quantum computing experts leave for Silicon Valley". Financial Times. https://www.ft.com/content/afc27836-9383-11e9-aea1-2b1d33ac3271. 
  2. "PsiQuantum - Building the World's First Useful Quantum Computer" (in en-GB). https://www.psiquantum.com/. 
  3. "10-K". https://www.sec.gov/Archives/edgar/data/1824920/000119312523085558/d424437d10k.htm. 
  4. Witt, Stephen (2022-12-12). "The World-Changing Race to Develop the Quantum Computer" (in en-US). The New Yorker. ISSN 0028-792X. https://www.newyorker.com/magazine/2022/12/19/the-world-changing-race-to-develop-the-quantum-computer. 
  5. "Team" (in en-GB). https://www.psiquantum.com/team. 
  6. "PsiQuantum, with links to Imperial research, reaches multi-billion valuation". 29 July 2021. https://www.imperial.ac.uk/news/227293/psiquantum-with-links-imperial-research-reaches/. 
  7. Castellanos, Sara (2021-07-27). "PsiQuantum Raises $450 Million to Build Its Quantum Computer" (in en-US). Wall Street Journal. ISSN 0099-9660. https://www.wsj.com/articles/psiquantum-raises-450-million-to-build-its-quantum-computer-11627387321. 
  8. Smith-Goodson, Paul. "PsiQuantum Has A Goal For Its Million Qubit Photonic Quantum Computer To Outperform Every Supercomputer On The Planet" (in en). https://www.forbes.com/sites/moorinsights/2022/09/21/psiquantum-has-a-goal-for-its-million-qubit-photonic-quantum-computer-to-outperform-every-supercomputer-on-the-planet/. 
  9. staff (2022-04-08). "$25M Federal Funding for Quantum R&D for GlobalFoundries and PsiQuantum" (in en-US). https://insidehpc.com/2022/04/25m-federal-funding-for-quantum-rd-for-globalfoundries-and-psiquantum/. 
  10. Cherney, Max. "PsiQuantum targets first commercial quantum computer in under six years". Reuters. https://www.reuters.com/technology/psiquantum-targets-first-commercial-quantum-computer-under-six-years-2023-09-28/. 
  11. "PsiQuantum Secures $22.5M Contract with Air Force Research Labs" (in en-US). https://www.hpcwire.com/off-the-wire/psiquantum-secures-22-5m-contract-with-air-force-research-labs/. 
  12. Swayne, Matt (2023-12-18). "AFRL Provides US With Robust Future Quantum Computing, Networking Capabilities" (in en-US). https://thequantuminsider.com/2023/12/18/afrl-provides-us-with-robust-future-quantum-computing-networking-capabilities/. 
  13. Swayne, Matt (2023-12-30). "DARPA 'Excited' About Microsoft, PsiQuantum Approaches to Utility-Scale Quantum Computing" (in en-US). https://thequantuminsider.com/2023/12/30/darpa-excited-about-microsoft-psiquantum-approaches-to-utility-scale-quantum-computing/. 
  14. "PsiQuantum opens R&D facility at Daresbury Laboratory" (in en-US). 2023-10-05. https://www.ukri.org/news/psiquantum-opens-rd-facility-at-daresbury-laboratory/. 
  15. "Secretary of State's remarks at PsiQuantum" (in en). 2023-09-04. https://www.gov.uk/government/speeches/secretary-of-states-remarks-at-psiquantum.