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About PsiQuantum
Industries
Government & Public Sector
Cybersecurity
AI & Machine Learning
Company Size
201-500
Company Stage
Growth Equity (Venture Capital)
Total Funding
$2.6B
Headquarters
Palo Alto, California
Founded
2015
Overview
PsiQuantum focuses on developing large-scale, reliable quantum computers using a unique approach that employs photons as qubits. Their main product is the Omega chipset, which is designed with standard semiconductor techniques and includes components like single-photon sources and superconducting detectors. This chipset allows for efficient connections between chips and precise quantum operations. Unlike many competitors, PsiQuantum emphasizes fault-tolerant quantum computation, particularly through fusion-based quantum computation, which enhances error correction. The company's goal is to solve complex problems in fields such as chemistry and cryptography, where traditional computers struggle.
Simplify's Take
What believers are saying
- PsiQuantum's partnership with GlobalFoundries boosts scalability of photonic quantum chips.
- Nvidia's potential investment could enhance PsiQuantum's R&D with advanced computational resources.
- Australian government support for the Brisbane project increases global collaboration opportunities.
What critics are saying
- Reliance on photonic qubits faces competition from superconducting qubit technologies.
- High development costs could strain finances if funding expectations aren't met.
- Geopolitical tensions may impact strategic partnerships and project timelines.
What makes PsiQuantum unique
- PsiQuantum uses photonic qubits, offering scalability and stability in quantum systems.
- The Omega chipset integrates advanced optical components for high-fidelity quantum operations.
- PsiQuantum collaborates with top institutions, enhancing its research and development capabilities.
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Funding
Total Funding
$2580.7M
Above
Industry Average
Funded Over
7 Rounds
Founders FundBenefits
Company Equity
Stock Options
Growth & Insights and Company News
6 month growth
↑ 1%1 year growth
↑ 1%2 year growth
↓ -3%Nvidia in advanced talks to invest in PsiQuantum, The Information reports.
Nvidia in advanced talks to invest in PsiQuantum, The Information reports.
Nvidia is reportedly in talks to invest in quantum computing startup PsiQuantum, as per a report by The Information on May 18, 2025. PsiQuantum previously secured funding in March 2025, with BlackRock among the investors, valuing the company at a pre-money valuation of $6 billion. Quantum computing holds potential for breakthroughs in areas like cybersecurity and scientific research. Neither Nvidia nor PsiQuantum has confirmed or commented on the report. Source: Reuters.
Linde Engineering to supply cryogenic plant for PsiQuantum in Australia.
Elon Musk's xAI acquired the social media platform X, valued at $33 billion. Trulioo appointed Vicky Bindra as CEO, replacing Steve Munford. The U.S. Copyright Office stated AI-created works aren't eligible for copyright. PsiQuantum raised $750 million at a $6 billion valuation, led by BlackRock, to advance photonic quantum computers. MLCommons introduced new AI productivity benchmarks, including one based on Meta's Llama 3.1 model.
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About PsiQuantum
Industries
Government & Public Sector
Cybersecurity
AI & Machine Learning
Company Size
201-500
Company Stage
Growth Equity (Venture Capital)
Total Funding
$2.6B
Headquarters
Palo Alto, California
Founded
2015
PsiQuantum is Hiring for 57 Jobs on Simplify!
Find jobs on Simplify and start your career today