About PsiQuantum

The Opportunity 

PsiQuantum is building the world’s first utility-scale quantum computer. While most competitors chip away at small wins, PsiQuantum is going all in on a million-qubit, error-corrected system designed to crack problems classical machines can’t touch. Their platform uses single photons as qubits, built on standard silicon wafers through a high-volume partnership with GlobalFoundries. The AMIGA system, now in production, combines all core components on a single chip and is built to scale through optical fiber networks.

With facilities underway in Australia and Chicago, this is moving from lab to live. If they succeed, they won’t just lead quantum, they’ll define it. Much of that progress is happening on US soil, which is exactly the kind of American dynamism we want to support—strategic, science-driven, and built to shape the future.

Why It’s Working 

PsiQuantum’s biggest edge is how it makes quantum chips. While most startups build one-off machines with fragile lab hardware, PsiQuantum uses the same tools that make today’s computer chips. That means their tech can be manufactured at scale, not just tested in a lab.

What makes them different:

1. They use photons (particles of light) as qubits, built with the same processes used in modern chipmaking.

2. Their chips are produced in volume through GlobalFoundries on full-size silicon wafers; their AMIGA chip is already complete and ready for real use.

3. The system connects with fiber optics, making it modular and easier to scale.

While others pivot or change course, PsiQuantum has stayed focused on scale and precision. That kind of consistency is rare in deep tech and positions them as a frontrunner in quantum computing.

Why We’re Interested 

PsiQuantum is backed by deep-tech heavyweights including Founders Fund, 1789 Capital, BlackRock, Temasek, Microsoft, and Nvidia. Their most recent round brought in $1 billion at a $7 billion valuation. The founding team has world-class experience in quantum physics and photonics, and they’ve stayed committed to a long-term vision while avoiding the hype cycle.

The opportunity is massive. Quantum infrastructure could hit $15 billion by 2025 and grow to $26 billion by 2030. PsiQuantum is betting everything on photonics as the path to scalable quantum computing. If it works, they will not just be first to market, they will redefine what is possible.

There is real execution risk. If the technology cannot scale, there is no safety net. But if they deliver, this could be a Stripe or SpaceX level breakthrough. Focus, clarity, and an unshakable plan are what make this one of the boldest bets in the space.

Here are some additional highlights.

Press

1. PsiQuantum valued at $7 billion in latest funding round, teams up with Nvidia

2. PsiQuantum Raises US $1 Billion

3. PsiQuantum raising at least $750 million

Notes

1. Terms: the economics listed here are your all-in economics.

   • LFG+ Membership: here are our membership details

   • Management Fee: instead of charging an annual Management Fee, we handle it as a one-time, upfront (non-refundable) fee to simplify accounting and cap expenses.

2. Limited Allocation: we will make efforts to honor desired commitment amounts, but we cannot guarantee full allocations. LFG+ Members will get priority.

3. Limited Information: the information available to us and what we can share will be limited due to the nature of this deal.