PsiQuantum today announced that the company has signed a new $125 million contract with the Defense Advanced Research Projects Agency (DARPA) under DARPA’s Quantum Benchmarking Initiative (QBI), the U.S. government’s most rigorous effort to evaluate commercial pathways to utility-scale quantum computing. 

Today, PsiQuantum announced a $250,000 philanthropic investment in local schools, higher education institutions, and STEM programs to advance the next generation of scientists, engineers, and quantum innovators in South Chicago.

PsiQuantum today announced the appointments of Rob Soderbery as Executive Vice President and Sriram Sitaraman as Chief Information Officer, adding two veteran technology leaders to the executive team as the company continues scaling its engineering, operational, and commercial capabilities. The appointments come as Victor Peng is named Chief Executive Officer, following his own appointment on an interim basis in February, and reflect the continued buildout of the executive leadership team to guide PsiQuantum through its next phase of growth.

PsiQuantum today broke ground and started construction on its facility at Moreton Bay Central, where the company will build and deploy the world's first utility-scale, fault-tolerant quantum computer. Minister for Industry and Innovation and Minister for Science Senator the Hon Tim Ayres, Queensland Minister for Science and Innovation the Hon Andrew Powell and City of Moreton Bay Mayor Peter Flannery joined PsiQuantum Chief Executive Officer Victor Peng and PsiQuantum Co-Founder and Executive Chair Prof. Jeremy O’Brien to mark the milestone.   

Today, we are launching Construct to the world as a free and open access platform. Now, our research tools are available for the entire community to design quantum circuits, write and simulate quantum algorithms, and optimize resources – all in one platform. 

PsiQuantum today announced the official opening of its Test & Validation Lab at Griffith University’s Nathan Campus in Brisbane South, marking a significant milestone in the company’s expansion in Queensland and its mission to build the world’s first utility-scale, fault-tolerant quantum computer.

PsiQuantum has signed a Letter of Intent with the U.S. Department of Commerce for $100 million in proposed federal incentives under the CHIPS and Science Act to advance American quantum computing and semiconductor leadership.

PsiQuantum announced today that the company will anchor its project to build the world’s first utility-scale quantum computer at Moreton Bay Central. Early site works have already begun, with the early works to begin in the coming weeks ahead of a formal groundbreaking in June.  

PsiQuantum today announced that Lip-Bu Tan, a leader of the semiconductor industry and Chief Executive Officer of Intel Corporation, has joined the PsiQuantum Board of Directors.

PsiQuantum, the University of Tokyo, and the Mitsubishi Chemical Corporation today announced a partnership to provide education and training for Japan’s growing quantum workforce. This initiative is supported by the Government of Japan’s New Energy and Industrial Technology Development Organization (NEDO) under the Post-5G Information and Communication Systems program (2025–2027).

PsiQuantum announced the integration of NVIDIA CUDA-Q with Construct, PsiQuantum’s software suite for fault-tolerant quantum application development. The integration enables GPU-accelerated state-vector simulation of large-scale quantum algorithms, delivering up to 450x faster performance compared to CPU-based simulation.

PALO ALTO, Calif. – PsiQuantum announced today that the company has signed a collaborative research agreement with the National Cancer Center Japan, a leading cancer treatment and research facility, to advance applications in oncology and healthcare for utility-scale quantum computers. This new agreement underscores the enormous potential for utility-scale quantum computing across the healthcare value chain, specifically in research and development, resource allocation, and patient outcomes in cancer treatment.

We are excited to announce that PsiQuantum is releasing Circuit Designer (CD) as a stand-alone, open-access web application. Circuit Designer is the fastest and easiest way to create and share quantum circuit diagrams commonly found in academic research. From prototyping new quantum algorithms to polishing a diagram for your next paper, Circuit Designer is a tool built to help push quantum algorithm development forward.

PALO ALTO, Calif. — PsiQuantum today announced the appointment of Victor Peng, a veteran of the computing industry and former President at Advanced Micro Devices, Inc. (AMD), as Interim Chief Executive Officer, enabling Co-Founder Jeremy O’Brien to take up the role of Executive Chairman.

PsiQuantum today announced three new members of the company’s Government Advisory Board (GAB), comprised of leaders with decades of public service and policy expertise. The Hon. Stephen E. Biegun, the Hon. Ellen Lord, and Dr. Chris Miller will join existing GAB member Vice Admiral Bob Sharp, USN (Ret.). PsiQuantum will draw on the GAB members' deep experience to advance the company’s partnerships across the public sector. 

PsiQuantum announced today that the company is collaborating with Airbus, Europe’s largest aeronautics and space company, to advance applications in aerospace for fault-tolerant quantum computers. Under the QuLAB project at Airbus, the two companies are combining their expertise to develop and evaluate quantum algorithms for complex problems in fluid mechanics—illustrating the promise of fault-tolerant quantum computing for aerospace solutions.

PsiQuantum and Lockheed Martin have signed a memorandum of understanding (MoU) to accelerate the development of quantum computing applications in aerospace and defense.

PsiQuantum today broke ground on the company’s site at the Illinois Quantum and Microelectronics Park (IQMP) in Chicago, where America’s first million-qubit scale, fault-tolerant quantum computer will be built and deployed…

PsiQuantum is launching Construct, our software suite for designing, developing, and optimizing fault tolerant quantum algorithms…

From the beginning, it was clear that no existing software could support that scale of fault-tolerant algorithmic research, so we tasked our Software and Quantum Applications teams with building their own tools. Today, we are introducing Construct, PsiQuantum’s software platform for designing, developing, and optimizing fault tolerant quantum algorithms.