Startup · $244m raised
Sydney, NSW
Every investor coverage indicates participated in a round Diraq raised.
Companies Diraq acquired or merged with, per published coverage. Buying a company is not investing in one: nothing here counts in the deals column.
Stories naming Diraq. Where several outlets covered the same round, they are bundled under whichever ran the fullest account.
Weekly digest: Firmus withdraws its planned listing, Square Peg reaches a billion-dollar close on two vehicles, MUFG clears regulators to buy Grow Inc, and Lubdub, RocketDNA, Energy Bay and Metal all raise.
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 company Diraq has reached the last stage of a US defence quantum program, securing US$51 million with more possible, alongside mentions of PsiQuantum, IonQ and Quantinuum milestones.
Also Forbes Australia
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.
Weekly roundup: Blackbird confirms a record fund close and Galileo reaches a first close, Genesis merges with Proudi, IREN secures massive debt, and several startups report raises, grants and program wins.
Weekly roundup: Constantinople raises $62.5m; Blackbird wraps fund six above $1b; Guardhouse buys Mobohubb; SCX.ai debuts on the ASX; plus seed rounds, exits and executive changes across the ecosystem.
Allens' Cyber Brief podcast hosts QuintessenceLabs founder and CEO Vikram Sharma discussing quantum computing threats to encryption, harvest-now-decrypt-later attacks, and the governance steps boards should take toward post-quantum readiness.
A directory of fifteen Canberra investors backing deep tech, noting ACTivate Capital's fund first close, several government-backed company raises, an incubator's alumni, and one portfolio acquisition.
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 put $20 million into Sydney quantum chip maker Silicon Quantum Computing via a SAFE note, following its smaller-than-planned 2023 Series A and a similar NRF bet on Diraq.
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.
Also Startup Daily
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.
UniSuper adds a further $25 million to its backing of Uniseed, reaching $100 million in total support for the university research commercialisation fund; past cheques to quantum and biotech startups are recapped.
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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The Australian federal and Queensland governments are investing $940m in PsiQuantum, which will open a Brisbane regional headquarters; $18.4m will fund a national quantum centre at the University of Sydney.
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Manufacturing roundup: Legrand buys NZ cable firm MSS; ClearVue lands a $4m placement; Nova Systems appoints Dean Rosenfield CEO; Diraq, having recently raised $29m, advertises 14 roles.
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Australian startups Diraq, Marqo, and Hatch secured funding rounds. Ansarada was acquired by Datasite. Bupa launched a new venture fund, and the Queensland government backed several VCs and accelerators.
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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A university–industry consortium wins federal grant support to advance printable perovskite solar technology, with graphene electrodes replacing gold and silver conductors, at Halocell's regional NSW factory.
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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.
Round 14 of the CRC-Projects program awarded 24 projects a combined $50 million in grants, with named recipients including Gilmour Space, Diraq and Advanced Circular Polymers alongside university and industry partners.