Startup · $351.6m raised
Sydney, NSW
Every investor coverage indicates participated in a round Silicon Quantum Computing raised.
| Investor | Rounds | Invested |
|---|---|---|
| Australian Department of Defence | Seed | - |
| Australian Government | Grant · Series A · Seed · Unnamed stage | $28,360,000 |
| CBA | Unnamed stage · Series A · Seed | - |
| Commonwealth Government | Series A | - |
| Critical Technologies Challenge Program | Grant | - |
| DARPA | Accelerator | - |
| Federal Government | Seed | - |
| Federal Government | Seed | - |
| NRF Corporation | Unnamed stage · Unnamed stage | $60,000,000 |
| NSW Government | Unnamed stage · Seed | - |
| Telstra | Unnamed stage · Series A · Seed | - |
| Telstra Corporation Limited | Seed | - |
| the federal government | Series A · Seed · Unnamed stage | $25,000,000 |
| U.S. Government | Accelerator | - |
| University of NSW | Seed | - |
| UNSW Sydney | Unnamed stage · Series A · Seed | - |
Investors whose own portfolio pages list Silicon Quantum Computing, even though we haven't found any coverage of the round yet.
| Investor | Listed on |
|---|---|
| Tin Alley Ventures | its portfolio page ↗ |
Companies Silicon Quantum Computing acquired or merged with, per published coverage. Buying a company is not investing in one: nothing here counts in the deals column.
Stories naming Silicon Quantum Computing. Where several outlets covered the same round, they are bundled under whichever ran the fullest account.
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
Six Australian quantum startups, including Silicon Quantum Computing and QuantX Labs, have received federal grants totalling $12.3 million under the Critical Technologies Challenge Program for projects in energy, health, biosecurity and logistics.
Weekly roundup reporting Australian startup funding rounds and government grants, a venture fund close, agreed acquisitions, an IPO pricing, a collapse, plus executive hires and AI policy developments.
Weekly people-moves column: new executives at allt, SQC, Redbelly Network, InDebted and Neara, including Clive Dickens joining allt's board and Chris McNamara becoming InDebted's CEO.
Six Australian quantum companies receive government grants under round two stage two of the Critical Technologies Challenge Program, supporting projects from quantum clocks to biosensors and diagnostic tools.
Also Mirage News·Dealroom·Dealroom·This Week in Australian Startups·Startup Daily
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.
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.
The National Reconstruction Fund has put another $40m into Sydney quantum chip maker Silicon Quantum Computing, following its $20m investment three months earlier, part of a larger round still underway.
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.
Weekly roundup detailing eight trans-Tasman raises totalling A$373.3 million, headlined by Halter's Series E, spanning quantum computing, biomanufacturing, robotics, adtech and agtech, plus a recalled $2 billion founder exit.
Also Startup Daily
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.
A Sydney quantum chipmaker says its new processor keeps improving in accuracy as more qubits are added, a milestone published in Nature, with DARPA benchmarking progress and systems used by Telstra and Australian Defence.
Defence's innovation accelerator has awarded three more contracts under its emerging and disruptive technologies program, funding quantum and information-warfare work at CSIRO, four universities and Silicon Quantum Computing, adding $9 million to the program.
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.
Also Startup Daily·Startup Daily·Startup Daily·SmartCompany·Startup Daily
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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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.
Also @AuManufacturing·Startup Daily·SmartCompany·Startup Daily·Startup Daily·SmartCompany·SmartCompany·SmartCompany·Early VC·@AuManufacturing·@AuManufacturing·Startup Daily
Quantum computing firm SQC names Simon Segars as chair and Fiona Pak-Poy as director; the article also recalls its $83m seed round and $50.4m Series A.
Tom Stace and Arkady Federov launch AQC, a Queensland venture making miniature superconducting components for quantum computers, with Uniseed investing $3 million; the piece also recaps Australia's quantum funding momentum.
Also SmartCompany·SmartCompany
SQC founder Michelle Simmons receives a $250,000 science prize from the prime minister, with the article recalling the quantum company's seed round, government stakes, and July valuation jump.
Cut Through Ventures' quarterly analysis shows Australian startup funding down 42% year-on-year at A$739 million over 77 deals, with Pet Circle's $75 million Series D from Prysm Capital the period's largest round.
A quarterly venture funding report shows Australian startups collected $739 million across 77 deals in Q3 2023, trailing earlier periods; SafetyCulture and Lyre's Spirit Co drew the largest rounds while female founders' share improved.
Also TechCrunch Venture·SmartCompany·Capital Brief·Startup Daily·AgFunderNews·AgFunderNews
Defence Trailblazer grants Silex Systems $5.1 million to build commercial-scale zero spin silicon output at its Sydney plant, securing local supply for quantum chipmaker Silicon Quantum Computing.
Weekly roundup covering five Australian startups that announced a combined $58.5 million in new funding, spanning quantum computing, advertising software, mining safety technology and event rental software, alongside government grant programs.
KPMG data shows Australian startup funding fell sharply in early 2023, though AI and climate tech stayed strong, with several large raises listed and a new Main Sequence fund announced.
Also Startup Daily
Silicon Quantum Computing closed a $50.4 million Series A backed by CBA, UNSW, Telstra and the Australian Government, lifting its valuation to $195.3 million, below its original $130 million target.
Also @AuManufacturing·SmartCompany·SmartCompany·Startup Daily·Startup Daily·SmartCompany·SmartCompany·SmartCompany·SmartCompany·SmartCompany·SmartCompany·Startup Daily·Startup Daily·Forbes Australia·@AuManufacturing
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.
Silex Systems finished its zero-spin silicon research project with UNSW and SQC, backed by a government grant, and now plans commercial production of ultra-pure silicon-28 for quantum chips.
An opinion piece arguing AUKUS Pillar Two reaches beyond submarines into quantum, autonomy, AI and hypersonics, citing Australian players including Internet 2.0, Anduril Australia and Hypersonix.
Chief Scientist Cathy Foley's paper examines Australia's quantum technology achievements and draws lessons for scaling other sectors, noting Silicon Quantum Computing's large Series A raise and other local quantum companies.
Also SmartCompany
Techboard's monthly roundup logs June 2022 Australian funding events, including GO1's Series E, Edrolo's Series B, two acquisitions, several new funds reaching closes, and accelerator intake announcements.
Also Techboard
A UNSW-backed quantum computing startup says it has built the world's first atomic-scale processor and has launched a $130 million Series A to push toward a commercial quantum computer by around 2028.
Also @AuManufacturing
Silex Systems reports progress optimising production of isotopically enriched silicon for quantum chips, developed with UNSW and Silicon Quantum Computing, supported by a government grant and an SQC purchase agreement.
Google's former quantum hardware leader John Martinis has joined Michelle Simmons' Australian quantum computing startup SQC, which launched in 2017 backed by $83 million from government, university and corporate investors.
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Silex Systems reports completing the first stage of its zero-spin silicon project with UNSW and Silicon Quantum Computing, with planned purchases under an offtake agreement and backing from a federal government grant.