Investor · 2 deals
Every published round US Department of Commerce took part in, and every parcel of existing shares it bought off another holder. Deals we hold but haven't published yet are not counted.
| Company | Stage | Announced | Amount | Role | Alongside | Sources |
|---|---|---|---|---|---|---|
| Diraq | Grant | 21 May 2026 | ≤$53m | Lead | Forbes Australia | |
| Diraq | Accelerator | 2025 | - | Participant | Forbes Australia |
Companies US Department of Commerce has backed in a published round, and companies whose existing shares it bought off another holder.
| Company | What it does | First invested | Rounds | Led |
|---|---|---|---|---|
| Diraq | 2025, Accelerator | 2 | 1 |
Fund closes reported for US Department of Commerce, as distinct from the investments it has made.
Companies US Department of Commerce has backed that another company then bought. An exit for the holding, not a deal US Department of Commerce did.
Stories naming US Department of Commerce. Where several outlets covered the same round, they are bundled under whichever ran the fullest account.
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.
Silicon producer Simcoa will quit the United States from August 14 after Washington imposed steep new tariffs; Canberra says the trade dispute won't derail a critical minerals pact with Washington.
Breakthrough Victoria rounds up April–May 2026 portfolio news, including grants for Number 8 Bio and Xefco, Liquid Instruments' Series C, program selections, partnerships, regulatory clearances and two new Aravax directors.
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.