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PsiQuantum Signs $125 Million DARPA Deal for Quantum Benchmarking

By ReutersJuly 22, 2026

AI Summary

PsiQuantum has received a $125 million DARPA contract to benchmark and validate the path toward a useful utility-scale quantum computer.

PsiQuantum has secured a $125 million agreement with the U.S. Defense Advanced Research Projects Agency (DARPA) under the Quantum Benchmarking Initiative. This award is intended to rigorously test the startup's hardware and software to determine if an industrially useful quantum computer can be built by 2033. The contract follows a smaller $31.8 million agreement signed between the two parties in late 2025.

Chief Executive Victor Peng stated that the DARPA vetting process is a critical step for the industry to distinguish between theoretical potential and practical reality. PsiQuantum utilizes photonics, a light-based technology, to manufacture its qubits on standard silicon chips produced at GlobalFoundries in New York. The company’s first commercial-scale machine is projected to be operational around 2030.

This deal deepens PsiQuantum’s relationship with the U.S. government. Earlier this year, the Commerce Department announced intentions to take minority equity stakes in several quantum firms under the CHIPS Act, including a proposed $100 million for PsiQuantum. The DARPA funding will specifically focus on verifying the error-correction capabilities and algorithmic performance of PsiQuantum’s unique architecture.

DARPA

funding

photonics

benchmarking

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