Milestone note Jul 22, 2026
PsiQuantum signs a $125M DARPA deal — a validation stage rivals didn't reach
PsiQuantum signed a $125M expanded agreement with DARPA under the Quantum Benchmarking Initiative — its largest US government award — to verify and validate its utility-scale, fault-tolerant hardware architecture and manufacturing. It's one of only two firms in the program's final Stage C, funding work at its Milpitas and Chicago sites toward a useful machine before 2033.