Australia may get the world’s first quantum computer by 2027, but within 12 months, PsiQuantum plans to build a second one in Chicago after scoring another massive government funding deal. The California startup’s latest cash injection of US$500 million (A$760m) over 30 years, funded by the Illinois government, Cook County, and the City of Chicago… Read more »
The national watchdog will investigate the federal government’s contract with a major law firm to provide legal advice on its near-$1 billion PsiQuantum deal after it increased by more than 10 times in just nine months. The federal and Queensland governments earlier this year announced a $940 million investment in US firm PsiQuantum that will… Read more »
Sydney quantum startup Diraq has topped up its Series A2 top up with another US$7 million (A$10.5m) for its Series A-2. The fresh funds come just four months after Diraq bolstered its Series A in February with an extra A$23 million. That first tranche of the A2 follows US$20 million in a Series A in… Read more »
Sydney quantum startup Diraq is teaming up with a European R&D consortium to build a computer chip that combines the power of qubits with traditional transistors. The plan comes as Diraq, which was spun out of UNSW two years ago and focused on being able to incorporate millions of quantum bits (qubits) on a standard… Read more »
For decades, the pursuit of quantum computing has struggled with the need for extremely low temperatures, mere fractions of a degree above absolute zero (0 Kelvin or –273.15°C). That’s because the quantum phenomena that grant quantum computers their unique computational abilities can only be harnessed by isolating them from the warmth of the familiar classical… Read more »
Sydney startup Diraq appears to have cracked one of the many challenges facing the future success of quantum computing – an absolute zero operating temperature Diraq has demonstrated its spin-based quantum processors operating at temperatures 20 times warmer than previously demonstrated while maintaining stability and high accuracy, with the results published in a peer-reviewed study in… Read more »
Sydney quantum startup Diraq has raised US$15 million (A$23m) in Series A-2. The round was led by Paris-based Quantonation, the world’s first VC fund dedicated to quantum technologies. Also investing were John Higgins Family Investments and the University of New South Wales. The A-2 raise tops up US$20 million, led by Allectus Capital, when it… Read more »
Sydney quantum startup Q-CTRL has landed an additional US$2.6 million (A$3.83m) in VC funding for its long-running Series B round to take the total raised to US$54 million (A$80m). Joining a cap table that includes Salesforce Ventures, the VC arm of the US software giant, Airbus Ventures, Main Sequence and former Wallabies captain John Eales. is… Read more »
Silicon Quantum Computing (SQC) has trimmed its sails in an increasingly austere venture funding environment after setting out to raise $130 million, instead banking $50.4 million in a raise backed by existing investors the Australian government, Telstra, the Commonwealth Bank and University of NSW. Despite a dearth of capital, investors nonetheless saw opportunity in the… Read more »
The University of Sydney will spend $7.4 million to expand its quantum technology facilities for the Future Qubit Foundry at the Sydney Nanoscience Hub. Deputy Vice-Chancellor (Research) Professor Emma Johnston said the foundry will be a leading national facility for the invention of technology behind quantum computers “The Future Qubit Foundry will leverage the University… Read more »
Australian engineers have found a new way of precisely controlling single electrons nestled in quantum dots that run logic gates. These new mechanism is less bulky and requires fewer parts, which could prove essential to making large-scale silicon quantum computers a reality. The serendipitous discovery, made by engineers at the quantum computing startup Diraq, which… Read more »
Salesforce Ventures becomes new investor Wallabies legend John Eales also backed Q-CTRL A record A$74m was raised in the Series B Sydney quantum software startup Q–CTRL has raised US$27.4 million (A$39m) in an extension of its Series B Several new investors joined Q–CTRL’s cap table, including Salesforce Ventures, the VC arm of the US software… Read more »
Leading startup founders in the quantum computing spaced have been enlisted by federal industry and science minister Ed Husic as part of the new advisory committee to drive the National Quantum Strategy. The 15-person committee, chaired by Chief Scientist Dr Cathy Foley, will be an integral part of the push to coordinate Australia’s quantum capability… Read more »
Australia’s local quantum technology leaders have united with some of the biggest names in global tech to form new industry group for the sector. The Australian Quantum Alliance (AQA) will sit under peak body the Tech Council of Australia to promote and connect the local quantum ecosystem. AQA founder and CEO, Vikram Sharma, founder of QuintessenceLabs,… Read more »
Australian quantum computing manufacturer, Silicon Quantum Computing (SQC), has developed the world’s first integrated circuit manufactured at the atomic scale. The circuit, which operates as an analogue quantum processor, has come less than a decade after SQC’s 2012 declaration that it had fabricated the world’s first single atom transistor and has been achieved two years… Read more »
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