PsiQuantum finalized a $100 million award from the U.S. Department of Commerce under the CHIPS and Science Act in September 2026 to support quantum computing R&D and domestic semiconductor manufacturing. The company also holds a $125 million DARPA contract signed in July 2026 and has collaborated with the Air Force Research Lab since 2022. PsiQuantum invested approximately $200 million with American suppliers across 38 states in 2025.
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PsiQuantum secured $1 billion in funding in June 2025—the largest funding round for a quantum computing startup—enabling continued workforce growth rather than cuts. The company has approximately 500-1,000 employees with 16% growth over 12 months and 95 active job openings as of 2026. PsiQuantum announced government-funded projects for utility-scale quantum computers in Brisbane, Australia and Chicago, Illinois in 2024.
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PsiQuantum — Layoffs: SUPPORTED PsiQuantum secured $1 billion in funding in June 2025—the largest funding round for a quantum computing startup—enabling continued workforce growth rather than cuts. The company… https://reciepts.tech/stance/1759
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See all →PsiQuantum is building fault-tolerant quantum computers using silicon photonics to solve complex problems beyond classical computing capabilities. The company launched Construct, its software suite for designing and optimizing fault-tolerant quantum algorithms, in September 2025. In 2024, DARPA advanced PsiQuantum to phase two of the US2QC program after evaluating its photonic quantum chips. The technology targets applications in climate modeling, drug discovery, and cryptography.