| Founded | 2016 |
|---|---|
| Closed | 2024 |
| Country | USA |
| Sector | Hardware |
| Collapse type | Mass Layoff Spiral |
| Founder | Jeremy O'Brien, Pete Shadbolt |
PsiQuantum
"The $665M photonic quantum bet that restructured as timelines stretched to 2030+."
Cascading layoffs that accelerated the decline
Key Events Timeline
PsiQuantum raised $665M from investors including Microsoft, BlackRock, and the Australian government to build a fault-tolerant photonic quantum computer using silicon photonics manufactured by GlobalFoundries.
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