PsiQuantum

PsiQuantum

Develops commercially useful photonics-based quantum computers

About

PsiQuantum is developing the world's first commercially useful quantum computer with a photonics-based architecture, leveraging pre-existing manufacturing processes and infrastructure. The company's approach focuses on quantum error correction and solving real-world problems in fields such as medicine, energy, and finance.

Company Stage

N/A

Employees

201-500

Industries

Hardware, AI & Machine Learning

Total Funding

$1.6B

Headquarters

Palo Alto, California

Founded

2015


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Simplify's Take

What believers are saying

  • PsiQuantum's Chicago expansion aligns with the city's quantum infrastructure investments.
  • Partnerships with Queensland universities leverage Australia's growing quantum technology ecosystem.
  • Blackbird Ventures' involvement provides additional venture capital and strategic guidance.

What critics are saying

  • Intellectual property theft is a concern due to increased cyber-espionage activities.
  • Rapid technological advancements could render PsiQuantum's technology obsolete if innovation lags.
  • High costs and complexity of building quantum computers may lead to financial strain.

What makes PsiQuantum unique

  • PsiQuantum uses photonic qubits, offering scalability and fault-tolerance advantages.
  • Their quantum chips are manufactured in a leading semiconductor fab, ensuring high-quality production.
  • PsiQuantum's partnerships with universities enhance research and development capabilities.

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Growth & Insights
Headcount

6 month growth

14%

1 year growth

31%

2 year growth

40%

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