About PsiQuantum
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.
Palo Alto, CaliforniaHeadquarters
2015Year Founded
$1,602.8MTotal Funding
CONVERTIBLECompany Stage
Hardware, AI & Machine LearningIndustries
201-500Employees
Benefits
Company Equity
Stock Options
Risks
High costs of quantum facilities could strain finances if revenues fall short.
Potential IP disputes may arise from international collaborations and differing laws.
Reliance on government funding exposes PsiQuantum to political and economic changes.
Differentiation
PsiQuantum uses photonic qubits for scalable, fault-tolerant quantum computing.
Their quantum chips are manufactured in leading semiconductor fabs, ensuring high-quality production.
PsiQuantum's partnerships with universities enhance research and development capabilities.
Upsides
PsiQuantum's Chicago facility will create 150 jobs, boosting local economy and workforce.
Australian government funding supports PsiQuantum's expansion and technological advancements.
Growing interest in quantum computing for climate solutions offers new partnership opportunities.
Funding
Total raised$1.60 B
Latest valuation$3.15 B
StageCONVERTIBLE
DEBT
5/31/2024$183
CONVERTIBLE
5/31/2024$125
GROWTH EQUITY VC
3/31/2024$608
SERIES D
6/30/2021$450
$3.15 BLATE VC
3/31/2020$215
$1.07 BSERIES C
8/31/2019$236
$700.00 MSERIES A
5/31/2016$13
$66.00 M