Australian quantum computing startup Diraq is heading to Chicago, having signed an agreement to set up in the Illinois Quantum and Microelectronics Park (IQMP) where it will join the likes of PsiQuantum and other deep tech firms. Diraq was spun out of the University of New South Wales by CEO and founder Professor Andrew Dzurak.… Read more »
One of the most critical defence navigation problems – what to do when GPS is unavailable – has a new solution thanks to Sydney quantum startup Q-Ctrl. GPS denial is becoming a weapon of both traditional warfare and nontraditional economic sabotage amid growing global conflicts, with the cost of an outage estimated to exceed $1… Read more »
A diamond-on-silicon quantum sensing startup cofounded by two University of Sydney professors has raised $750,000 in pre-Seed funding. The raise for DeteQt was backed by deep tech CSIRO-backed Main Sequence Ventures and US deep tech investor ATP Fund. DeteQt was founded by Adjunct Professor Jim Rabeau and Professor Omid Kavehei from the University of Sydney Nano… Read more »
PsiQuantum, the US quantum computing startup backed by $940 million in Australian and Queensland government funding, is reportedly looking to raise at least US$750 million (A$1.19 billion). Reuters reports that the raise is underway at a US$6 billion (A$9.5bn) pre-money valuation, according to sources, with US investor BlackRock leading the fundraising effort The California startup founded… Read more »
A quantum startup cofounded by three former PhD students just nine months ago has raised $2 million in a pre-Seed round to develop faster and cheaper fault-tolerant architectures for quantum computing. The raise for Iceberg Quantum was led by Blackbird, supported by UK-based LocalGlobe. CEO Dr Felix Thomsen cofounded the Sydney startup with Larry Cohen,… Read more »
American quantum computing startup PsiQuantum announced that it has cracked a significant puzzle on the road to making the technology useful: manufacturing quantum chips in useful quantities. PsiQuantum burst out of “stealth mode” in 2021 with a blockbuster funding announcement. It followed up with two more last year. The company uses so-called “photonic” quantum computing,… Read more »
A quantum computing innovation developed by researchers at the University of Sydney is being used in Google’s latest quantum chip, called Willow. The processor, which was unveiled by the tech giant in December, utilises a breakthrough in error correction which can improve the performance of quantum devices. The technology was formally detailed in 2021 when… Read more »
Quantum computing has reached another milestone with a breakthrough hybrid computing workflow developed by Quantum Brilliance and Pawsey Supercomputing Research Centre. The system integrates quantum processing with traditional high-performance computing (HPC), providing researchers and enterprises with a flexible and scalable way to explore real-world quantum applications. The milestone, led by Dr Pascal Elahi and Pawsey’s… Read more »
Australian quantum software startup Q-CTRL is ramping up its US presence, hanging up a shingle in San Francisco. The move comes as the city reciprocates the love with the local Chamber of Commerce naming the Sydney software business its 2025 Australian Company of the Year in the Bay area. Q-CTRL plays a key role in… Read more »
An independent review is underway into “lessons learned” from the process enabling a $940 million deal for US firm PsiQuantum to attempt to build the world’s first utility-scale quantum computer in Brisbane, as well as how potential conflicts of interest were managed, newly tabled documents reveal. The documents, released to the Senate late last year,… Read more »
The federal government’s $15 billion National Reconstruction Fund has made its second investment, taking a $13 million equity stake in Canberra startup Quantum Brilliance. It follows $40 million for a mining tech manufacturer announced last month. The National Reconstruction Fund Corporation (NRFC) funding is for QB to build Australia’s first quantum diamond foundry for its… Read more »
Sydney quantum computing software startup Q-CTRL has been awarded $2.75 million contract by the federal government as part of a plan to deliver the defence sector additional capabilities in quantum and counter disinformation technologies. The Advanced Strategic Capabilities Accelerator’s (ASCA) Emerging and Disruptive Technologies (EDT) program has signed 21 contracts as part of an investment… Read more »
Quantum software developer Q-CTRL has topped up its Series B for a fourth time with an extra $88 million (US$59m) with the Sydney startup’s valuation jumping dramatically in the process. The raise takes the Series B, spanning three years, to $166 million (US$113m) in total and was led by UK late-stage venture firm GP Bullhound.… Read more »
The German government has faith in Australia’s quantum sector to build the world’s first mobile mobile quantum computer, with the nation’s cybersecurity agency, Cyberagentur, awarding a record $58 million (€35 million) contract to Canberra startup Quantum Brilliance and two others. Quantum Brilliance (QB), founded in 2019, is the world’s leading developer of room-temperature miniaturised quantum… Read more »
Quantum sensors startup QuantX Labs has bagged a $2.7 million deal with the Australian government for optical atomic clocks for the Australian Defence Force (ADF). Two contracts will enable partners in the defence pact AUKUS between Australia, the US and UK, to develop position navigation and timing (PNT) capabilities in precision navigation and timing in… Read more »
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