PsiQuantum
Founded Year
2015Stage
Unattributed | AliveTotal Raised
$1.356BMosaic Score The Mosaic Score is an algorithm that measures the overall financial health and market potential of private companies.
-57 points in the past 30 days
About PsiQuantum
PsiQuantum is a quantum computing company that focuses on developing a commercially useful quantum computer for various sectors. The company's main offering is a photonics-based quantum computer architecture designed for fault tolerance and scalability, utilizing conventional silicon chip foundries for manufacturing. PsiQuantum's technology aims to provide concrete solutions to complex computational problems in industries such as climate tech, energy, pharma, defense, and financial services. It was founded in 2015 and is based in Palo Alto, California.
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ESPs containing PsiQuantum
The ESP matrix leverages data and analyst insight to identify and rank leading companies in a given technology landscape.
The quantum computer makers — photonics market refers to the segment of the quantum computing industry that focuses on using light's quantum properties to build quantum processors. Proponents of this approach say it offers a quick way to scale up the number of qubits available — a rough proxy for overall quantum computing power and commercial usefulness.
PsiQuantum named as Leader among 7 other companies, including Xanadu, Photonic, and ORCA Computing.
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Research containing PsiQuantum
Get data-driven expert analysis from the CB Insights Intelligence Unit.
CB Insights Intelligence Analysts have mentioned PsiQuantum in 6 CB Insights research briefs, most recently on Sep 13, 2024.
Sep 13, 2024
The AI computing hardware market map
Expert Collections containing PsiQuantum
Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.
PsiQuantum is included in 3 Expert Collections, including Quantum Tech.
Quantum Tech
603 items
This Expert Collection contains private and recently exited companies working on quantum computing, quantum communication, post-quantum cryptography, quantum sensors, and other quantum tech.
Unicorns- Billion Dollar Startups
1,257 items
Semiconductors, Chips, and Advanced Electronics
7,283 items
Companies in the semiconductors & HPC space, including integrated device manufacturers (IDMs), fabless firms, semiconductor production equipment manufacturers, electronic design automation (EDA), advanced semiconductor material companies, and more
PsiQuantum Patents
PsiQuantum has filed 208 patents.
The 3 most popular patent topics include:
- quantum information science
- optical devices
- photonics
Application Date | Grant Date | Title | Related Topics | Status |
|---|---|---|---|---|
2/28/2024 | 11/19/2024 | Grant |
Application Date | 2/28/2024 |
|---|---|
Grant Date | 11/19/2024 |
Title | |
Related Topics | |
Status | Grant |
Latest PsiQuantum News
Jan 17, 2025
PsiQuantum and Boehringer Ingelheim Advance Quantum Chemistry for Pharmaceuticals and Agriculture PsiQuantum and Boehringer Ingelheim Advance Quantum Chemistry for Pharmaceuticals and Agriculture PsiQuantum and Boehringer Ingelheim have achieved a significant breakthrough in quantum chemistry, demonstrating a 234x speedup in calculating the electronic structure of Cytochrome P450 and a 278x speedup for FeMoco using quantum computing. These advancements bring closer the practical application of quantum computers in pharmaceutical drug design and sustainable agriculture. The research, published on the pre-print server arXiv in the paper “Faster Quantum Chemistry Simulations on a Quantum Computer with Improved Tensor Factorization and Active Volume Compilation” , combines PsiQuantum’s Active Volume (AV) architecture, which optimizes quantum resource utilization, with novel algorithmic techniques like Block-Invariant Symmetry Shift (BLISS) and Tensor Hypercontraction (THC). These methods reduce the computational complexity of quantum chemistry problems, enabling faster and more efficient calculations. Cytochrome P450, crucial for drug metabolism, and FeMoco, a key enzyme in nitrogen fixation, represent complex systems where quantum computing can provide transformative insights. Improved calculations could lead to more effective pharmaceuticals and energy-efficient fertilizers, addressing critical challenges in healthcare and agriculture. For more details, read the full paper here , explore the summary here , or visit PsiQuantum’s blog post here . January 16, 2025
PsiQuantum Frequently Asked Questions (FAQ)
When was PsiQuantum founded?
PsiQuantum was founded in 2015.
Where is PsiQuantum's headquarters?
PsiQuantum's headquarters is located at 700 Hansen Way, Palo Alto.
What is PsiQuantum's latest funding round?
PsiQuantum's latest funding round is Unattributed.
How much did PsiQuantum raise?
PsiQuantum raised a total of $1.356B.
Who are the investors of PsiQuantum?
Investors of PsiQuantum include Parliament of Australia, Queensland Government, M12, UK Department for Science, Innovation and Technology, Defense Advanced Research Projects Agency and 13 more.
Who are PsiQuantum's competitors?
Competitors of PsiQuantum include Infleqtion, Quantum Motion, Quantum Source, Terra Quantum, Riverlane and 7 more.
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Compare PsiQuantum to Competitors
Xanadu provides a quantum photonic platform. Its platform uses artificial intelligence to integrate quantum silicon photonic chips into existing hardware to build a full-stack quantum computer. It enables clients to receive a quantum technology-based computing facility using a photonic cluster state technology and easily solve business problems. The company was founded in 2016 and is based in Toronto, Canada.
Oxford Quantum Circuits focuses on providing enterprise-ready quantum computing solutions in various sectors including financial services, automotive, energy, health, and national security. The company offers accessible, secure, and reliable quantum capabilities through cloud services and direct quantum computing as a service (QCaaS), designed to integrate seamlessly with existing applications and workflows. Oxford Quantum Circuits primarily serves industries that require advanced computational power to tackle complex challenges. It was founded in 2017 and is based in Reading, United Kingdom.
Qilimanjaro Quantum Tech focuses on analog quantum computing and operates within the technology sector. The company provides services including the design and manufacture of application-specific integrated circuits (QASICs), quantum computing solutions available through cloud platforms, and consulting services for the integration of quantum technology into existing systems. Qilimanjaro Quantum Tech serves sectors that require complex optimization and simulation, including logistics, finance, energy, materials, and pharmaceuticals. It was founded in 2019 and is based in Barcelona, Spain.
Aegiq specializes in quantum computing and quantum networking within the technology sector. The company offers a range of products including compact photonic quantum computers, quantum network interconnects, and quantum cryptographic communications, all utilizing integrated photonics for practical quantum applications. It primarily serves sectors such as telecommunications, defense and aerospace, financial, and advanced manufacturing. The company was founded in 2019 and is based in Sheffield, United Kingdom.
ORCA Computing specializes in the development of full-stack photonic quantum computers, focusing on the technology sector and quantum computing industry. The company offers modular, fiber-interconnected quantum computing systems designed to enhance performance, scalability, and usability for applications such as machine learning and optimization. ORCA primarily serves government and enterprise clients, guiding them from the discovery to deployment of quantum applications. It was founded in 2019 and is based in London, United Kingdom.
QuantWare specializes in the development and fabrication of superconducting quantum processors within the quantum computing industry. The company offers quantum processing units (QPUs) and traveling wave parametric amplifiers (TWPAs) for building scalable quantum computers, as well as foundry services for custom quantum hardware fabrication. It primarily serves sectors that are developing and experimenting with quantum computing technology. The company was founded in 2020 and is based in Delft, Netherlands.
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