PsiQuantum Partners With U.S. Department of Energy

First commercial quantum computing system in under six years, reading between the lines.

Hey Guys,

So PsiQuantum is a fairly mysterious Quantum company. I don’t think we can call them a startup exactly any longer. After all, in the summer of 2021 they closed a Series D of $450 million round led BlackRock, along with participation from insiders including Baillie Gifford and M12 – Microsoft’s venture fund – and new investors including Blackbird Ventures and Temasek.

The company was founded in 2015, on the premise that commercially valuable quantum computing systems will require fault tolerance and error correction, demanding a very large-scale system implementation. The company believes that it has the fastest and most feasible path to a large-scale fault-tolerant system, based largely on existing technologies and infrastructure – including high-volume semiconductor manufacturing, packaging, and high-power cryogenic systems.

On September 28th, 2023 something unusual occured.