Frontier Milestones
EN KO
All actors

PsiQuantum

Company US Private Editorial profile Funding raised: $2.3B Website
View this company against market data on FM Invest

Profile

Silicon-photonic quantum computing aiming directly at a million-qubit, fault-tolerant machine.

Editorial profile — compiled by us from public sources.

Founded
2015
Headquarters
Palo Alto, CA, US
Funding raised
$2.3B

Current standings

Standings and milestones are always verified by us against primary sources, regardless of who manages the profile.

—

Roadmap & milestones

Ground broken on first utility-scale quantum computer site

~ 2026-06
PsiQuantum (Brisbane, Australia)

PsiQuantum broke ground at Moreton Bay, near Brisbane, on what it bills as the world's first utility-scale, fault-tolerant quantum computer — a silicon-photonic machine aiming at ~1M physical qubits. Backed by A$940M (~US$620M) in equity, grants and loans from the Australian and Queensland governments (plus a US$100M CHIPS Act letter of intent), the company targets an operational site by end-2027.

Press release · 2026-06

More in Quantum Computing

IBM Google Quantum AI IonQ Quantinuum Atom Computing QuEra Honeywell Oxford Ionics Caltech Rigetti Computing D-Wave Quantum +7 more