PsiQuantum Appoints Niklas Zennström to Board of Directors

PALO ALTO, Calif.--(BUSINESS WIRE)--PsiQuantum announced today that Niklas Zennström, Founder and CEO of Atomico, has joined the PsiQuantum Board of Directors. Zennström brings decades of experience building, scaling, and investing in category-defining technology companies. He co-founded Skype and served as its CEO before founding Atomico in 2006. Across his career as a founder, investor, and board member, Zennström has played a major role in the growth of Europe’s technology ecosystem.

“PsiQuantum is taking on one of the most ambitious and important technology challenges of our time,” said Niklas Zennström. “Atomico has partnered with the company for years and watched this team build technologies beyond the state-of-the-art. It is thrilling to see them now execute and scale. I’m excited to join the board and work even more closely with the team as PsiQuantum moves toward building and deploying useful quantum computers.”

Zennström’s appointment reflects Atomico’s long-standing relationship with PsiQuantum. He succeeds Siraj Khaliq, who joined the PsiQuantum Board of Directors in 2019 when Atomico first partnered with the company.

Zennström’s appointment comes as PsiQuantum continues to strengthen its leadership team and Board of Directors. In July, the company appointed Victor Peng to the role of Chief Executive Officer after naming him as Interim CEO in February, in addition to appointing Rob Soderbery as Executive Vice President and Sriram Sitaraman as Chief Information Officer. In April, the company also announced that Intel Chief Executive Officer Lip-Bu Tan has joined the PsiQuantum Board of Directors.

“Niklas has a proven track record of turning an ambitious technology vision into a successful business at scale,” said Victor Peng, Chief Executive Officer of PsiQuantum. “Atomico has been a committed partner to PsiQuantum for years, and Niklas brings a rare combination of founder experience, global perspective, and conviction in deep technology. I’m thrilled to have him joining the board as we enter our next phase.”

“Niklas' throughline is a belief that private capital and entrepreneurial disruption, if pointed at the right problems, can serve societal good," said Prof. Jeremy O’Brien, Co-Founder and Executive Chairman of PsiQuantum. “PsiQuantum has always been singularly focused on the positive impact and value that utility-scale quantum computing will unlock. We are delighted to have Niklas bring his deep experience to our board.”

PsiQuantum is a full-stack quantum computing company that leverages existing semiconductor manufacturing to rapidly scale its silicon photonics platform. Since its founding, the company has focused on achieving fault tolerance at scale—now widely recognized as the essential capability for quantum computers to solve commercially valuable problems in areas such as chemistry, materials science, and energy. This approach is underpinned by a modular architecture, allowing PsiQuantum to scale system performance by upgrading components while also scaling deployment.

The company is currently advancing major quantum computing projects in the United States, Australia, and the United Kingdom, including the development of utility-scale quantum computing facilities in Chicago and Brisbane. These efforts reflect PsiQuantum’s strategy to pair breakthrough technology with large-scale infrastructure, in partnership with governments and industry, to deliver the first commercially useful quantum computers.

About PsiQuantum

PsiQuantum was founded in 2016 and is headquartered in Palo Alto, California. The company’s mission is to build and deploy the world’s first useful quantum computers. PsiQuantum’s photonic approach enables it to leverage high-volume semiconductor manufacturing, existing cryogenic infrastructure, and architectural flexibility to rapidly scale its systems. Learn more at www.psiquantum.com.