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Founded Year

2015

Stage

Unattributed | Alive

Total Raised

$1.356B

Mosaic Score
The Mosaic Score is an algorithm that measures the overall financial health and market potential of private companies.

+6 points in the past 30 days

About PsiQuantum

PsiQuantum is a quantum computing company focused on developing a commercially useful quantum computer for various sectors. The company's main offering is a photonics-based quantum computer architecture designed for fault tolerance and scalability, utilizing conventional silicon chip foundries for manufacturing. PsiQuantum's technology aims to provide concrete solutions to complex computational problems in industries such as climate tech, energy, pharma, defense, and financial services. It was founded in 2015 and is based in Palo Alto, California.

Headquarters Location

700 Hansen Way

Palo Alto, California, 94304,

United States

650-427-0904

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ESPs containing PsiQuantum

The ESP matrix leverages data and analyst insight to identify and rank leading companies in a given technology landscape.

EXECUTION STRENGTH ➡MARKET STRENGTH ➡LEADERHIGHFLIEROUTPERFORMERCHALLENGER
Enterprise Tech / Semiconductors & HPC

The quantum computer makers — photonics market refers to the segment of the quantum computing industry that focuses on using light's quantum properties to build quantum processors. Proponents of this approach say it offers a quick way to scale up the number of qubits available — a rough proxy for overall quantum computing power and commercial usefulness.

PsiQuantum named as Leader among 7 other companies, including Xanadu, Photonic, and ORCA Computing.

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Expert Collections containing PsiQuantum

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

PsiQuantum is included in 3 Expert Collections, including Quantum Tech.

Q

Quantum Tech

595 items

This Expert Collection contains private and recently exited companies working on quantum computing, quantum communication, post-quantum cryptography, quantum sensors, and other quantum tech.

U

Unicorns- Billion Dollar Startups

1,244 items

S

Semiconductors, Chips, and Advanced Electronics

7,204 items

Companies in the semiconductors & HPC space, including integrated device manufacturers (IDMs), fabless firms, semiconductor production equipment manufacturers, electronic design automation (EDA), advanced semiconductor material companies, and more

PsiQuantum Patents

PsiQuantum has filed 198 patents.

The 3 most popular patent topics include:

  • quantum information science
  • quantum mechanics
  • superconductivity
patents chart

Application Date

Grant Date

Title

Related Topics

Status

3/28/2023

9/17/2024

Logic gates, Superconductivity, Electronic engineering, Integrated circuits, Logic families

Grant

Application Date

3/28/2023

Grant Date

9/17/2024

Title

Related Topics

Logic gates, Superconductivity, Electronic engineering, Integrated circuits, Logic families

Status

Grant

Latest PsiQuantum News

Quantum News Briefs September 10: DOE announces $65M for quantum computing research • Xiphera develops quantum-resilient hardware security solutions for space • PsiQuantum announces Brisbane Lab to support utility-scale quantum computing • Spectral Capital unveils ambitious Q4 strategy & roadmap for technology acquisition & development •

Sep 10, 2024

Quantum News Briefs September 10: DOE announces $65M for quantum computing research • Xiphera develops quantum-resilient hardware security solutions for space • PsiQuantum announces Brisbane Lab to support utility-scale quantum computing • Spectral Capital unveils ambitious Q4 strategy & roadmap for technology acquisition & development • By Sandra Helsel posted 10 Sep 2024 DOE announces $65M for quantum computing research The U.S. Department of Energy (DOE) announced $65 million in funding in quantum computing for 10 projects, comprising a total of 38 separate awards according to September 9 news release . This particular funding targets software, control systems, and algorithmic advancements that will demonstrate quantum computing’s utility for scientific research problems in DOE’s mission space by improving all levels of the software stack. This investment targets end-to-end software toolchains to program and control quantum systems at scale, quantum algorithms delivering quantum advantage and resilience through error detection, prevention, protection, mitigation, and correction. These are key components for the development of a software ecosystem that must be ready to account for modularity and interoperability on one side, and for specialization and performance on the other. Total funding is $65 million for 38 projects lasting up to five years, with $14 million in Fiscal Year 2024 dollars and outyear funding contingent on congressional appropriations. The list of projects and more information can be found on the DOE SC Advanced Scientific Computing Research program homepage . Xiphera develops quantum-resilient hardware security solutions for space Xiphera, Ltd, a Finnish company designing and implementing hardware-based security solutions, has announced a project for developing quantum-resilient Authenticated Boot and Hardware Root of Trust solutions for space-grade semiconductor architectures according to September 10 news release. Authenticated Boot and Hardware Root of Trust solutions ensure trust in the digital hardware components and system configurations in space and satellite infrastructures. Xiphera’s implementations are based on hybrid cryptography – a combination of traditional and Post-Quantum Cryptography (PQC) – thus ensuring the security of the system throughout its life cycle. The development project is partially financed by the European Space Agency, as part of its  General Support Technology Program (GSTP ). The solutions have been designed in close co-operation with Frontgrade Gaisler, a leading Swedish developer of space-grade electronics. Authenticated Boot is planned to be integrated into  Frontgrade Gaisler’s space-grade GR765 processor . The Authenticated Boot and Hardware Root of Trust technologies are productised for general availability in Xiphera’s  nQrux® family of Hardware Trust Engines  – highly optimised and customisable security solutions for FPGAs and ASICs. The first released product is  nQrux® Secure Boot , available immediately for semiconductor and equipment vendors in space technology and other industrial and critical infrastructure sectors. PsiQuantum announces Brisbane Lab to support utility-scale quantum computing 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 Brisbane as per the September 9 news release . The lab space at Griffith’s Nathan Campus will be renovated with PsiQuantum expecting to move into the new space in early 2025. This news was announced by PsiQuantum co-founder and Chief Scientific Officer Pete Shadbolt at Griffith University during an address to students and faculty. This expansion follows PsiQuantum’s recent announcement partnering with five Queensland universities on various educational programs and research projects relating to quantum computing. The ‘Test and Characterization’ lab at Griffith University will perform critical characterization and calibration methods for PsiQuantum’s high-performance subsystems essential for PsiQuantum’s first utility-scale system in Brisbane. The lab will be operated exclusively by PsiQuantum and will focus on both cryogenic and room-temperature photonic quantum computing subsystems and will ensure the integrated operation of combined subsystems at high performance. The lab will also facilitate training for engineers and physicists in configuring, operating, and upgrading core elements of the quantum computer. It will serve as a hub for experimental research partnerships with universities and research organizations. Initially, the lab will require experts in applied quantum physics, photonics, electronics, and programming. In the future, there will be a need for more general engineering and applied physics expertise. Spectral Capital unveils ambitious Q4 strategy & roadmap for technology acquisition & development Spectral, a pioneer in Quantum as a Service (QaaS) computing and decentralized cloud services, announced its Q4 strategy and roadmap aimed at accelerating technology acquisition and development on September 9 in news release . Spearheaded by its leadership and board, this initiative marks a pivotal step in the company’s mission to redefine the technological landscape with quantum computing, green decentralized data centers, and cutting-edge security solutions. At the heart of this strategy is the company’s Quantum Bridge Program, an advanced framework that seamlessly connects today’s edge and hybrid markets with the future of quantum computing. Spectral, through its recently acquired Vogon Cloud company, is set to establish a network of micro data centers across 16 key regions for a decentralized and energy-efficient system that enable businesses to operate without relying on outdated infrastructure. This bold move supports the creation of green, decentralized data hubs that will power the next generation of computing.

PsiQuantum Frequently Asked Questions (FAQ)

  • When was PsiQuantum founded?

    PsiQuantum was founded in 2015.

  • Where is PsiQuantum's headquarters?

    PsiQuantum's headquarters is located at 700 Hansen Way, Palo Alto.

  • What is PsiQuantum's latest funding round?

    PsiQuantum's latest funding round is Unattributed.

  • How much did PsiQuantum raise?

    PsiQuantum raised a total of $1.356B.

  • Who are the investors of PsiQuantum?

    Investors of PsiQuantum include Queensland Government, Parliament of Australia, M12, UK Department for Science, Innovation and Technology, Defense Advanced Research Projects Agency and 13 more.

  • Who are PsiQuantum's competitors?

    Competitors of PsiQuantum include Quantum Source, Terra Quantum, Riverlane, QuiX Quantum, Pasqal and 7 more.

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Compare PsiQuantum to Competitors

Xanadu Logo
Xanadu

Xanadu provides a quantum photonic platform. Its platform uses artificial intelligence to integrate quantum silicon photonic chips into existing hardware to build a full-stack quantum computer. It enables clients to receive a quantum technology-based computing facility using a photonic cluster state technology and easily solve business problems. The company was founded in 2016 and is based in Toronto, Canada.

QuantWare Logo
QuantWare

QuantWare specializes in the development and fabrication of superconducting quantum processors within the quantum computing industry. The company offers quantum processing units (QPUs) and traveling wave parametric amplifiers (TWPAs) for building scalable quantum computers, as well as foundry services for custom quantum hardware fabrication. It primarily serves sectors that are developing and experimenting with quantum computing technology. The company was founded in 2020 and is based in Delft, Netherlands.

Oxford Quantum Circuits Logo
Oxford Quantum Circuits

Oxford Quantum Circuits focuses on the development and commercialization of quantum computers, operating within the technology and computing industry. The company's main offerings include the construction of quantum computers and the provision of Quantum Computing as-a-Service (QCaaS), which allows enterprises to access and utilize quantum computing technology. The primary customer base of Oxford Quantum Circuits is the enterprise sector. It was founded in 2017 and is based in Reading, United Kingdom.

Nord Quantique Logo
Nord Quantique

Nord Quantique is a company focused on the development of quantum computing technology. The company's main offering is the development of superconducting circuits that can mitigate errors on individual qubits, providing a faster pathway to fault-tolerant quantum computing. The company primarily serves the technology and computing industry. It was founded in 2021 and is based in Sherbrooke, Quebec.

IQM Logo
IQM

IQM specializes in the development and delivery of superconducting quantum computers within the quantum computing domain. The company offers quantum computers for research labs, computing accelerators, and industrial customers, as well as cloud services for quantum computing exploration and innovation. It primarily sells to sectors such as computing centers, research institutions, and businesses seeking quantum computing solutions. The company was founded in 2018 and is based in Espoo, Finland.

Alice & Bob Logo
Alice & Bob

Alice & Bob provides development and construction of quantum computers. It offers the creation of quantum computers, utilizing a unique technology of self-correcting superconducting quantum bit, known as the cat qubit, to solve complex problems. It serves the business and research sectors. It was founded in 2020 and is based in Paris, France.

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