PsiQuantum Raises $1 Billion, Reaches DARPA's Final Quantum Review Round
PsiQuantum's photonic chips are fabricated inside GlobalFoundries' Fab 8 plant, standard semiconductor tooling rather than exotic lab hardware.
- $1 billion Series E closed September 10, 2025, funding photonic quantum chip production.
- GlobalFoundries' Fab 8 in New York manufactures the chips using existing semiconductor fabrication lines.
- DARPA's Quantum Benchmarking Initiative advanced PsiQuantum to its final evaluation phase among competitors.
Why it matters: A defense agency vetting a private chipmaker before it ships a working machine is choosing its future contractor.
PsiQuantum Series E funding announcement (psiquantum.com) ↗ · Jul 15, 20267/15/26 · ✓ Checked✓ Check