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PsiQuantum's expanded $125 million DARPA agreement marks a significant validation milestone for its photonic approach to building fault-tolerant quantum computers. This funding will specifically support rigorous testing of the company's hardware and system architecture at its key facilities, reinforcing its position as one of only two firms in the final stage of this government initiative. The deal underscores growing confidence from U.S. defense agencies that commercial pathways for utility-scale quantum computing are viable.

Source coveringThe Quantum Insider

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PsiQuantum Signs $125 Million Agreement with DARPA

The Quantum InsiderJuly 22, 20264 min read

Insider Brief PRESS RELEASE — PsiQuantum today announced that the company has signed a new $125 million expanded agreement with the Defense Advanced Research Projects Agency (DARPA) under DARPA’s Quantum Benchmarking Initiative (QBI), the U.S. government’s most rigorous effort to evaluate commercial pathways to utility-scale quantum computing. PsiQuantum remains one of two companies in Stage […]

PsiQuantum has signed an expanded $125 million agreement with DARPA under the Quantum Benchmarking Initiative, remaining one of two companies in the program’s final Stage C to validate its pathway toward utility-scale, fault-tolerant quantum computing. The performance-based award will fund expanded testing of PsiQuantum‘s hardware, software, system architecture and infrastructure, including investments at its Milpitas, California, and Chicago, Illinois, facilities. The agreement builds on years of DARPA evaluations that…

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