{"id":41936,"date":"2026-07-22T18:00:00","date_gmt":"2026-07-22T16:00:00","guid":{"rendered":"http:\/\/stocks-future.com\/?guid=4bc55522f276c9012e56a6d5b256717e"},"modified":"2026-07-22T18:00:00","modified_gmt":"2026-07-22T16:00:00","slug":"psiquantum-signs-125-million-agreement-with-darpa","status":"publish","type":"post","link":"https:\/\/stocks-future.com\/?p=41936","title":{"rendered":"PsiQuantum Signs $125 Million Agreement with DARPA"},"content":{"rendered":"

\nCompany\u2019s Most Valuable U.S. Government Agreement to Date Will Advance Testing and Evaluation Under the Quantum Benchmarking Initiative<\/i><\/p><\/a><\/a><\/a><\/a>

PALO ALTO, Calif.--(BUSINESS WIRE)--PsiQuantum today announced that the company has signed a new $125 million expanded agreement with the Defense Advanced Research Projects Agency (DARPA) under DARPA\u2019s Quantum Benchmarking Initiative (QBI), the U.S. government\u2019s most rigorous effort to evaluate commercial pathways to utility-scale quantum computing.<\/p>

\nPsiQuantum remains one of two companies in Stage C, QBI\u2019s final and most advanced stage focused on verifying and validating the company\u2019s approach to building, deploying, and operating its utility-scale quantum computers as designed.<\/p>

\n\u201cDARPA\u2019s Quantum Benchmarking Initiative is one of the most comprehensive and rigorous government programs for evaluating emerging technology that I have ever seen,\u201d said Victor Peng, Chief Executive Officer of PsiQuantum<\/b>. \u201cTheir widely respected team of experts has stress-tested PsiQuantum\u2019s approach, provided an independent and clear-eyed assessment and validation of our designs and our teams, and ultimately made our company and technology all the better for it.\u201d<\/p>

\nThe performance-based award, PsiQuantum\u2019s most valuable government award to date, will support testing and evaluation of the company\u2019s utility-scale hardware designs, critical components, system-level performance, and software development. The agreement will also enable PsiQuantum to invest in essential infrastructure at the company\u2019s facilities in Milpitas, California, and Chicago, Illinois, as it advances toward building and deploying the world\u2019s first utility-scale, fault-tolerant quantum computers.<\/p>

\n\u201cSince our first engagement with DARPA several years ago, we have been delighted to give their team unparalleled access to our most sensitive designs, performance data, and plans,\u201d said Dr. Pete Shadbolt, Co-Founder and Chief Scientific Officer of PsiQuantum<\/b>. \u201cThe QBI program has been admirably skeptical by design. Expert scrutiny from DARPA has put us to the test and significantly strengthened our plans. We are very grateful for the ongoing partnership.\u201d<\/p>

\nUnparalleled Access, Independent Evaluation<\/i><\/p>

\nThe QBI program applies independent, rigorous, and pathway-agnostic evaluations to quantum computing approaches. In January 2023, DARPA selected<\/a> PsiQuantum for the initial stage of the Underexplored Systems for Utility-Scale Quantum Computing (US2QC) program, a QBI predecessor. In January 2024, PsiQuantum announced<\/a> it had entered the second stage, then announced<\/a> in February 2025 that it had advanced to Stage C of QBI. In September 2025, the company announced<\/a> a $31.8 million agreement to continue on-site testing and evaluation under Stage C. With the new $125 million tasking, PsiQuantum and DARPA are expanding the scope and pace of QBI's validation and verification work across hardware and architecture, software and applications, and supporting infrastructure.<\/p>

\n\u201cBoth QBI and the broader quantum computing field have advanced rapidly since our first call,\u201d said Micah Stoutimore, Managing Director of DARPA\u2019s Quantum Benchmarking Initiative, <\/b>in a statement earlier this year<\/b><\/a>. \u201cIn fact, it now seems likely that someone <\/i>will build a utility-scale quantum computer by 2033. We want to ensure we are assessing every viable pathway.\u201d<\/p>

\nDARPA\u2019s evaluation of PsiQuantum\u2019s approach has included extensive access to technical information, on-site reviews, real-time demonstrations, and hands-on component-level testing. Throughout 2025, PsiQuantum hosted dozens of experts led by DARPA for full program reviews and technical demonstrations. The company has also provided prototype design reports, real-time demonstrations of key components, onsite testing of key fabrication and measurement processes, verification of resource estimates for performant algorithms, and access to Construct, PsiQuantum\u2019s fault-tolerant algorithm development platform.<\/p>

\nThe expanded DARPA agreement follows PsiQuantum\u2019s May 2026 announcement<\/a> that the company 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. Since initially partnering with DARPA, PsiQuantum has deepened its partnerships across the U.S. government, including with the U.S. Air Force Research Laboratory, and several National Laboratories.<\/p>

\nAbout PsiQuantum<\/span><\/p>

\nPsiQuantum was founded in 2016 and is headquartered in Palo Alto, California. The company\u2019s mission is to build and deploy the world\u2019s first useful quantum computers. PsiQuantum\u2019s photonic approach enables it to leverage high-volume semiconductor manufacturing, existing cryogenic infrastructure, and architectural flexibility to rapidly scale its systems. Learn more at www.psiquantum.com<\/a>.<\/p> Contacts<\/b>

\nmedia@psiquantum.com<\/a><\/p>","protected":false},"excerpt":{"rendered":"

Company\u2019s Most Valuable U.S. Government Agreement to Date Will Advance Testing and Evaluation Under the Quantum Benchmarking InitiativePALO ALTO, Calif.–(BUSINESS WIRE)–PsiQuantum today announced that the company has signed a new $125 million expand…<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-41936","post","type-post","status-publish","format-standard","hentry","category-infos-businesswire"],"_links":{"self":[{"href":"https:\/\/stocks-future.com\/index.php?rest_route=\/wp\/v2\/posts\/41936","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/stocks-future.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/stocks-future.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/stocks-future.com\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/stocks-future.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=41936"}],"version-history":[{"count":1,"href":"https:\/\/stocks-future.com\/index.php?rest_route=\/wp\/v2\/posts\/41936\/revisions"}],"predecessor-version":[{"id":41937,"href":"https:\/\/stocks-future.com\/index.php?rest_route=\/wp\/v2\/posts\/41936\/revisions\/41937"}],"wp:attachment":[{"href":"https:\/\/stocks-future.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=41936"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/stocks-future.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=41936"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/stocks-future.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=41936"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}