PsiQuantum

Building the World's First Useful Quantum Computer

AI 📍 Palo Alto, California Founded 2016

Current Valuation

$5.7B

as of 2025-Q3

UNICORN

PsiQuantum is developing utility-scale, fault-tolerant quantum computers using silicon photonics technology. The company manufactures its Omega quantum photonic chipset at GlobalFoundries' facility in New York and is building million-qubit quantum computing facilities in Brisbane, Australia and Chicago, Illinois. PsiQuantum's approach leverages high-volume semiconductor manufacturing to scale systems to approximately one million qubits, with applications in healthcare, drug discovery, materials science, and other computationally intensive problems.

Company Profile

CEO

Victor Peng

Founded

2016

Palo Alto, California

Employees

501-1000

Total Raised

$2.4B

Est. Revenue

$240M (2025-Q3)

Growth

Rapid growth unicorn, $7B valuation post-Series E

Last Round

Series E — $970M (Sep 2025)

IPO Status

Private

Founders & Key People

Jeremy O'BrienMark ThompsonPeter ShadboltTerry Rudolph

Investors

BlackRock · Temasek · Baillie Gifford · Macquarie Capital · Ribbit Capital · NVentures · Adage Capital Management · Qatar Investment Authority · Type One Ventures · Counterpoint Global · 1789 Capital · S Ventures · Blackbird Ventures · Third Point Ventures · T. Rowe Price Associates · Queensland Government · Australian Commonwealth Government · Playground Global · Redpoint Ventures · Founders Fund · M12 · Atomico · OGBC Group

Products

Omega chipset
Construct software suite
1M-qubit quantum computers
Brisbane quantum facility
Chicago quantum facility

Competitors

IonQ · Quantinuum · Rigetti · IBM Quantum · Google Quantum AI

Silicon photonicsQuantum computingFault-tolerant quantum computingPhotonic quantum computingUtility-scale quantumFTQC