Simplify Logo
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

Series D

Employees

201-500

Industries

Hardware, AI & Machine Learning

Total Funding

$1.4B

Headquarters

N/A

Founded

2015


Simplify Jobs

Simplify's Take

What believers are saying

  • The $940 million investment from Australian and Queensland governments positions PsiQuantum for substantial growth and innovation.
  • The establishment of PsiQuantum's Asia-Pacific headquarters in Brisbane is expected to create 400 jobs and numerous PhD positions, boosting local talent and the economy.
  • PsiQuantum's ambitious plan to operationalize a million-qubit quantum computer by 2027 could revolutionize industries such as renewable energy, healthcare, and transportation.

What critics are saying

  • The high financial stakes and public investment in PsiQuantum create pressure for rapid and successful development, which may lead to operational and strategic challenges.
  • The complexity of scaling a fault-tolerant quantum computer to a million qubits poses significant technical risks and uncertainties.

What makes PsiQuantum unique

  • PsiQuantum's focus on building the world's first fault-tolerant, utility-scale quantum computer sets it apart from competitors who are still in the experimental or small-scale phase.
  • The company's photonics-based approach to quantum computing, leveraging advanced semiconductor manufacturing infrastructure, offers a unique technological edge.
  • Significant financial backing from both the Australian federal and Queensland state governments, along with strategic partnerships with local universities, provides a robust support system for rapid development.

Help us improve and share your feedback! Did you find this helpful?


Growth & Insights
Headcount

6 month growth

24%

1 year growth

30%

2 year growth

39%

Recently Posted Jobs

Sign up to get curated job recommendations

PsiQuantum is Hiring for 0 Jobs on Simplify!

Find jobs on Simplify and start your career today

💡
We update PsiQuantum's jobs every 8 hours, so check again soon! Browse all jobs →