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PsiQuantum lands $179.2 million DARPA quantum computing deal

PsiQuantum has secured a $179.2 million DARPA agreement as it targets a commercial quantum computer by 2030.
Tegan Jones
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L-R: PsiQuantum co-founders executive chairman professor Jeremy O'Brien, chief architect professor Terry Rudolph, chief scientific officer Dr Pete Shadbolt and chief technologist professor Mark Thompson. Source: SmartCompany via PsiQuantum

Australian quantum startup PsiQuantum has secured a $179.2 million (US$125 million) agreement with the US Defense Advanced Research Projects Agency (DARPA) for the second year in a row.

The agreement is part of DARPA’s Quantum Benchmarking Initiative (QBI). The program is designed to determine whether today’s leading quantum computing technologies can deliver commercially useful, fault-tolerant quantum computers by 2033.

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About the author

Tegan Jones

Tegan Jones

Deputy editor

A multi-award-winning journalist, Tegan has been reporting on technology, telecommunications and gaming for the past 10 years. She regularly appears on mainstream media channels as an expert tech commentator. Her previous roles include editor of Gizmodo Australia and global reviews editor at Finder. She has also served as a reporter and editor across Business Insider, Lifehacker and Kotaku Australia. Tegan is also the co-host of one of the top technology podcasts in Australia, Weird Tech. You can find her on Twitter @Tegan_Writes.

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