PsiQuantum
Facts
- Sectors
- Quantum computing, Hardware
- Stage
- startup
VCs Add AI, Policy and Capital Experts as Norwest Hires Ken Yagen; Quantum Funding Grows Amid Talent Shortage
Venture capital firms are hiring AI product specialists, government affairs staff and capital-formation experts to better support founders navigating AI, regulatory risks and funding trade-offs; Norwest recently added Ken Yagen in such a role. Investment in quantum computing is accelerating, but industry growth is constrained by a talent shortage — roughly one qualified candidate per three open quantum positions.
PsiQuantum Appoints Victor Peng CEO; Rob Soderbery EVP and Sriram Sitaraman CIO to Scale Silicon Photonics Platform
PsiQuantum named Victor Peng as permanent CEO after serving as interim, and appointed Rob Soderbery as executive vice president and Sriram Sitaraman as CIO to help scale its silicon photonics platform and commercial operations.
Trump’s Sons Invest in Defense Tech Startups Amid $3.2 Billion Pentagon Contracts During Father’s Administration
Donald Trump Jr. and Eric Trump have heavily invested in defense technology companies, benefiting from their father President Donald Trump’s renewed administration priorities and Pentagon spending since his reelection. These firms have secured over $3.2 billion in government contracts and stand to compete for up to $200 billion in future defense work.
Oratomic Raises $300M Series A Led by Khosla Ventures to Build Fault-Tolerant Quantum Computers with 20,000 Qubits
Quantum startup Oratomic raised $300 million in a Series A round led by Khosla Ventures, ARCH Venture Partners, and Spark Capital in July 2026 to develop fault-tolerant quantum computers using 10,000 to 20,000 qubits. The company aims to achieve commercially practical quantum computing before 2030 by expanding its hardware fabrication and research teams.
