Founder and CEO, Diraq
Stories naming Professor Andrew Dzurak. Where several outlets covered the same round, they are bundled under whichever ran the fullest account.
Sydney quantum startup Diraq has received an initial US$51 million from DARPA after reaching the final stage of its quantum benchmarking program, with more funding possible; the National Reconstruction Fund earlier invested $20m.
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Sydney quantum computing company Diraq will station an eight-qubit prototype machine inside an Equinix facility from October, a step toward moving the technology from lab to market.
Quantum chip venture Diraq has struck a US$38m deal with America's Commerce Department to build out its supply chain there, much of it becoming equity; Australia's NRF backed it with $20m in February.
The National Reconstruction Fund has invested $20 million in Sydney quantum startup Diraq, an equity stake the government fund says will aid domestic production and hiring ahead of a planned 2029 product launch.
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Sydney-founded quantum computing company Diraq has progressed to Stage B of a US defense agency program targeting utility-scale quantum computing by 2033, expanding its consortium with new industry and academic partners.
Weekly roundup detailing new capital for Australian startups Diraq, BrainFish, RecycleSmart, Cohabit and Five Faces, alongside Alumly's undisclosed multimillion-dollar backing from UK investor Mauve Group.
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Quantum computing venture Diraq has banked $15 million toward an unfinished round, with earlier backers joined by two new funds, pushing its cumulative funding beyond US$137 million.
Quantum processor maker Diraq has won a US defence agency contract for the first stage of a quantum benchmarking program, leading a consortium with Emergence Quantum, Riverlane, Global Foundries and Imec.
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Weekly roundup of eight Australian funding rounds, led by Samsara Eco's $100m Series A extension; Diraq, 1Breadcrumb, Aquila, NRN, Klean, Bearhug and Sindy Labs also secured capital, and Klean won a Queensland grant.
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Main Sequence's post explains why the fund backed quantum computing company Diraq, citing its silicon qubit approach, a chip-production deal with Global Foundries, and prior investment from Quantonation.
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Quantum computing startup Diraq announced record qubit control fidelity and chip-making partnerships with GlobalFoundries and IMEC; the piece also recounts its Quantonation-led Series A, early Allectus backing, and PsiQuantum's government funding.
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Diraq, a Sydney-based quantum computing startup, has raised a US$15 million Series A-2 extension led by Quantonation, with UNSW and John Higgins Family Investments participating, adding to US$20 million raised at its 2022 spin-out.
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Diraq has added $23 million to its Series A in a Quantonation-led round, with Higgins Family Investments and UNSW also taking part, on top of the $30.6 million raised earlier.
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Weekly roundup of eight Australian startups raising a combined $30.2 million, spanning SME lending, quantum computing grants, proptech, consumer apps and recycling, plus Stylerunner's earlier sale to Accent Group.
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Quantum computing startup Diraq has received a $3 million grant from NSW's Quantum Computing Commercialisation Fund, following federal support last month through CRC-Projects round 14.