PsiQuantum logo

PsiQuantum, Corp.

Computers & Peripherals

PsiQuantum Stock

PsiQuantum is pioneering in the quantum computing sector with its innovative approach to developing the world's first commercially viable quantum computer. Utilizing photonics-based architecture, the company is leveraging existing semiconductor manufacturing processes to build a scalable, fault-tolerant quantum computing system. Their ambitious project aims to provide groundbreaking solutions in various fields including climate technology, energy, pharmaceuticals, defense, financial services, and more.

Founded: 2016

PsiQuantum Website

For more PsiQuantum stock information, or to buy or sell private shares, sign up for a MicroVentures account.

PsiQuantum Company Overview

Founded with the ambitious goal of overcoming significant technological challenges, PsiQuantum is dedicated to building the first large-scale, fault-tolerant quantum computer using a photonics-based approach. This method distinguishes PsiQuantum from other players in the quantum computing industry by enabling the use of existing silicon chip foundries for manufacturing its quantum devices. The company's quantum computing technology promises to deliver unprecedented computational capabilities that could revolutionize industries by addressing complex problems across climate tech, energy, pharmaceuticals, defense, financial services, and other critical sectors. PsiQuantum's strategy hinges on its state-of-the-art research in quantum error correction, algorithms, and system architecture, positioning it at the forefront of the quantum revolution. The firm's focus on integrating quantum computing into practical, real-world applications reflects its commitment to not only advancing technology but also providing tangible solutions to humanity's greatest challenges. The leadership team at PsiQuantum combines experts in quantum physics, engineering, and industry, underscoring its capability to bridge the gap between theoretical quantum science and practical applications. With significant investments and partnerships in the tech and defense sectors, PsiQuantum is strategically navigating the complex landscape of quantum computing to achieve its vision of a new computing paradigm.

Management Team

Jeremy O'Brien Co-Founder and Chief Executive Officer
Mark Thompson, Ph.D. Co-Founder and Chief Technologist
Pete Shadbolt, Ph.D. Co-Founder and Chief Strategy Officer
Fariba Danesh Chief Operating Officer (COO)
Josh Richman Chief Revenue Officer
Nicholas Kelez Chief Product Officer

Funding Information

News

Nvidia Backs PsiQuantum in $1 Billion Round at $7 Billion Value

The quantum computing startup PsiQuantum Corp. raised $1 billion from investors including Nvidia Corp., Qatar Investment Authority and Macquarie Capital in a round that values the company at $7 billion.

Chicago’s $1 Billion Quantum Computer Set to Go Live in 2028

The startup behind Chicago’s more than $1 billion quantum computing deal said operations are expected to start in three years, a win for Illinois Governor JB Pritzker, who backed the investment and is widely seen as a potential presidential candidate.

Nvidia in advanced talks to invest in PsiQuantum, The Information reports

Nvidia is in advanced talks to invest in quantum computing startup PsiQuantum, The Information reported on Sunday.

Exclusive: Quantum computing startup PsiQuantum raising at least $750 million, sources say

SAN FRANCISCO, March 24 (Reuters) - Quantum computing startup PsiQuantum is raising at least $750 million at a $6 billion pre-money valuation, according to two people familiar with the matter.

PsiQuantum Announces Brisbane Lab to Support Utility-Scale Quantum Computing

BRISBANE, Australia, Sept. 9, 2024 — PsiQuantum is set to expand its operations in Queensland, Australia, with the opening of a ‘Test & Characterization’ lab at Griffith University’s Nathan Campus in […]

This startup is building the country’s most powerful quantum computer on Chicago’s South Side

Illinois and DARPA just announced an ambitious $500 million quantum computing campus in Chicago–with PsiQuantum at the center.

PsiQuantum to build world’s first fault-tolerant quantum computer in Australia

PsiQuantum will build and operate the warehouse-sized quantum computer in Brisbane, Queensland. Brisbane will also be PsiQuantum’s Asia-Pacific headquarters and regional hub. The company will create up to 400 highly skilled local jobs.