Company · North America
PsiQuantum
Silicon-photonic bet on utility-scale fault tolerance, with GlobalFoundries in the manufacturing path. A raise of about $1 billion in September 2025 at a reported ~$7 billion valuation. US CHIPS engagement reported. In Australia, Commonwealth and Queensland support of about A$470 million each was announced in April 2024; groundbreaking at Moreton Bay Central was 18 June 2026. The brief says to treat the operational date as late-decade, not the earlier end-2027 marketing.
Roadmap — not confirmed operational Million-physical-qubit class ambition; cryoplant delivery targeted 2H 2027
- Location
- Palo Alto, CA; Moreton Bay, Queensland, United States
- Region
- North America
- Stage
- Private
- Founded
- 2016
- People
- Co-founders Jeremy O’Brien, Terry Rudolph, Pete Shadbolt, Mark Thompson (2016). Interim CEO Victor Peng (from February 2026); O’Brien executive chairman. Australia operations: Robert Lindwall
- Funding
- Reported About $1 billion raised in September 2025, at a reported ~$7 billion valuation. Australia: Commonwealth and Queensland support of about A$470 million each, announced April 2024.
- Website
- https://www.psiquantum.com/
Also discussed under: Oceania.
Sources
Links are the organisation’s site or a primary page checked for this revision. They are not an audit of every figure in the summary.