Other
Feb 2026Co-founder Jeremy O'Brien moved from CEO to Executive Chairman and Victor Peng became Interim CEO; the company said it was conducting a search for a permanent CEO.
SourceCompany research
Public company, workplace, funding, and market signals
Updated Aug 5, 2026
Overview
PsiQuantum is a privately held quantum-computing company founded to build and deploy useful, fault-tolerant, utility-scale quantum computers. It combines photonic qubits, silicon photonics, semiconductor manufacturing, cryogenic systems, networking, and fault-tolerant software.
Primary product
A utility-scale photonic quantum-computing platform, centered on the Omega silicon-photonic chipset and Construct software for developing fault-tolerant quantum algorithms.
Founded
2016
Headquarters
Palo Alto, California, United States
Team size
400-500; third-party sources variously report 265, 490, or 501-1,000, so treat 490 as an approximate LinkedIn-derived estimate.
Work style
Flexible
Industry
Computer hardware manufacturing
Sub-industry
Quantum computing; photonic quantum hardware and software
Offices
Palo Alto, California, United States (headquarters)
Milpitas, California, United States (PsiFactory)
Daresbury, United Kingdom (PsiLabs)
Malta, New York, United States (GlobalFoundries Fab 8 manufacturing site)
Chicago, Illinois, United States (Illinois Quantum and Microelectronics Park project)
Moreton Bay, Queensland, Australia (utility-scale project)
Brisbane, Queensland, Australia (test and validation lab)
Business model
Funding
Stage
Late-stage private / Series E; unicorn
Total raised
$2.3B
Latest round
Series E · Sep 2025
Latest amount
$1B
Sep 2025 · BlackRock, Temasek, and Baillie Gifford
Queensland government funding / project financing
Apr 2024 · Queensland Government
People & investors
Leadership
Victor Peng
Chief Executive Officer
Co-Founder and Executive Chairman
Terry Rudolph
Co-Founder and Chief Architect
Pete Shadbolt
Co-Founder and Chief Scientific Officer
Co-Founder and Chief Technology Officer
Fariba Danesh
Chief Operating Officer
Work & culture
Mission-driven, technically ambitious, collaborative, innovative, and oriented toward practical impact; careers materials emphasize intellectual curiosity, integrity, and building commercially useful quantum systems. Work may be in-office, hybrid, or remote depending on team and location.
Work style
Flexible
Compensation
Public careers materials confirm equity grants and financial-planning benefits. Some job aggregators report salary transparency and role-specific ranges, but no reliable company-wide compensation benchmark was established.
Benefits
401(k) with company match
Equity grants
Financial-wellness tools and planning resources
Medical, dental, and vision coverage
$200 quarterly health reimbursement
Modern Health: 12 therapy and 6 coaching sessions
Care.com membership
Discretionary time off and federal holidays
End-of-year company shutdown
Parental leave
Product & market
Pricing
Not publicly disclosed; appears to be enterprise/government contracting, strategic partnership, and infrastructure-deployment based rather than self-serve retail pricing.
Differentiators
- —Photonic architecture designed for million-qubit, fault-tolerant scale
- —Leverages mature semiconductor foundries and silicon-photonics manufacturing
- —Telecom-band photons and standard optical fiber support modular networking
- —Omega integrates key photonic components into a manufacturable chipset
- —High-density cryogenic cabinets designed to support hundreds of chips
- —Focus on utility-scale deployment and data-center-sized systems
- —Construct provides an integrated fault-tolerant algorithm-development environment
Scale & contact
Estimated revenue
Approximately $20M-$30M annually (third-party LinkedIn-derived estimate; not company-reported)
Signals & risks
Other
Jul 2026MIT Technology Review noted uncertainty around PsiQuantum's 2027 Australian timeline, distinguishing an operational facility from delivery of a complete full-scale quantum computer.
SourceLatest news
The Quantum Insider · Aug 2026
PsiQuantum announced philanthropic support for South Chicago schools, higher education, educator training, and quantum workforce development.
PsiQuantum · Jul 2026
Victor Peng was named CEO after serving as interim CEO; Rob Soderbery joined as EVP and Sriram Sitaraman as CIO.
MIT Technology Review · Jul 2026
A detailed assessment of PsiQuantum's photonic approach, manufacturing strategy, government evaluation, customer partnerships, and uncertainty around deployment timelines.
Quantum Computing Report · Jun 2026
Construction began on PsiQuantum's utility-scale Queensland facility, backed by reported Australian government investment.
Open Positions
81 jobs at PsiQuantum
Senior Test Manager
On-site
Engineering
Palo Alto, California, United States
1d ago
On-site
Full-time