Startup · United States
PsiQuantum
HQ Palo Alto, CaliforniaFounded 2015501-1000 employeesUpdated
PsiQuantum is on a mission to build the first commercially useful quantum computer to solve humanity's greatest challenges.
Federal Obligations by Year (All USAspending, as Reported at the Time)
| Fiscal year | Direct: contracts |
|---|---|
| FY2026 (partial) | $0 |
| FY2025 | $10.8M |
| FY2022 | $22.5M |
Direct is the company's own reviewed UEIs. Reported by USAspending is subsidiaries as reported by USAspending: recipients that name this company as their parent, not yet reviewed ownership.
Directly matched recipients (up to 12)
UEIs matched to this organization, largest obligations first. Subsidiary recipients are not included in this list; their attributed obligations can appear in the company totals above.
- PSIQUANTUM, CORP. · MH73K3SV59R5 · $33.3M
Each action is credited by the ownership basis shown in its column. Reported-parent rows count for PsiQuantum only for the period a subsidiary reported PsiQuantum as its parent; reviewed links follow their reviewed dates. Net of de-obligations; these are obligations, not ceilings. They come from the whole USAspending baseline (every recipient size, contracts and assistance) and are a separate view from the curated contract totals on this page. FY2026 and later are partial, as on Markets.
Funding12 rounds · ~$1.63B
- Equity raised
- ~$1.63B
- Debt, secondaries & grants
- $125M
- Latest
- $125MGrant · Jul 22, 2026
| Announced | Stage | Amount | Valuation | Lead investors | Other investors | Confidence |
|---|---|---|---|---|---|---|
| Jul 22, 2026 | Grant | $125M | — | — | — | Reported |
| Jan 21, 2026 | Undisclosed | Undisclosed | — | — | — | Reported |
| Sep 10, 2025 | Series E+ | $1.00B | — | Baillie Gifford, BlackRock, Temasek | — | Reported |
| May 30, 2025 | Undisclosed | $22.0M | — | — | — | Reported |
| Nov 5, 2024 | Secondary | Undisclosed | — | — | — | Reported |
| Apr 29, 2024 | Debt | Undisclosed | — | — | — | Reported |
| Apr 29, 2024 | Grant | Undisclosed | — | — | — | Reported |
| Apr 29, 2024 | Undisclosed | ~$612M | — | — | — | Reported |
| Jul 27, 2021 | Series D | Undisclosed | — | — | — | Speculative |
| Sep 9, 2019 | Series C | Undisclosed | — | — | — | Speculative |
- Grant$125MJul 22, 2026
- UndisclosedUndisclosedJan 21, 2026
- Series E+Led by Baillie Gifford, BlackRock, Temasek$1.00BSep 10, 2025
- Undisclosed$22.0MMay 30, 2025
- SecondaryUndisclosedNov 5, 2024
- DebtUndisclosedApr 29, 2024
- GrantUndisclosedApr 29, 2024
- Undisclosed~$612MApr 29, 2024
- Series DSpeculativeUndisclosedJul 27, 2021
- Series CSpeculativeUndisclosedSep 9, 2019
Raised counts equity rounds; debt, secondary sales and grants are totaled separately. Amounts in other currencies are converted at the announcement month's average rate. A ~ marks an estimated or converted amount.
Systems2
Newest unveiled first. Systems that belong to a government program link to the program page, where variants, costs and contracts are.
People6
| Person | Role |
|---|---|
| Jeremy O'Brien | Co-founder and CEO |
| Mark Thompson | Founder & Chief Technologist |
| Peter Shadbolt | Co-founder and Chief Strategy Officer |
| Pete Shadbolt | Co-Founder and Chief Scientific Officer |
| Terry Rudolph | Co-founder and Chief Architect |
| Victor Peng | Chief Executive Officer |
Sources7
Profile2
- 1Government recordDepartment of War's Office of Strategic Capital Signs $150 Million Conditional Loan Commitment With PsiQuantum
U.S. Department of War · Oct 8, 2026 · Supports Organization · news event
“The Department of War's Office of Strategic Capital (OSC) announced today a $150 million conditional loan commitment to PsiQuantum, Corp. to enhance the company's advanced manufacturing and prototyping capabilities in the United States.”
- 2
Sixth-Domain · Supports Organization · country, Organization · kind
“{"country": "USA", "hq_iso2": "US", "id": "e84b0441-86c5-474e-9277-4e0bda980e29"}”
Systems2
- 3
PsiQuantum · Supports Organization · description, Organization · name, Organization · website, System
“PsiQuantum is on a mission to build the first commercially useful quantum computer to solve humanity's greatest challenges.”
- 4CompanySoftware — PsiQuantum
PsiQuantum · Supports System
“These tools have transformed PsiQuantum’s own algorithmic R&D, reducing workflows from months to days, and are now being made available to the broader community through our **open access offerings** under our software platform Construct”
Funding2
- 5
nasdaqprivatemarket.com · Supports Funding round, Organization · ownership
“Series D | Jul 27, 2021 | 450M”
- 6DatabasePsiQuantum company profile
Octen Business Search · Supports Funding round, Organization · employee range, Organization · founded year, Organization · hq city, Organization · hq region, Organization · linkedin url, Role
“funding round: Secondary Market, 2024-11-05”
People1
- 7
PsiQuantum · Jul 22, 2026 · Supports Role
““DARPA’s Quantum Benchmarking Initiative is one of the most comprehensive and rigorous government programs for evaluating emerging technology that I have ever seen,” said Victor Peng, Chief Executive Officer of PsiQuantum.”
Each fact on this page is attached to the sources that support it. Archived copies are linked when we keep one.