Quantum computing company Diraq has raised $22 million in an investment round, attracting investors such as Main Sequence, Taronga Ventures, Uniseed, UniSuper, Co:Act Capital, and UNSW, Sydney. The funding will support Diraq’s development of the world’s first fault-tolerant quantum computer. The company recently achieved a record control accuracy of 99.9% for a quantum bit (qubit) and published research demonstrating high-accuracy spin-based quantum computation at warmer temperatures. These advancements could help bring scalable, spin-based quantum computers into real-world applications, impacting sectors like energy modeling, climate, health, and more.
Diraq Secures Additional Funding for Quantum Computing Development
Diraq, a company specializing in silicon quantum dot-based quantum computing, has announced an increase in its investment round, bringing the total funding to $22 million. The additional investment comes from a variety of strategic investors, including deep tech venture fund Main Sequence, global real asset technology investor Taronga Ventures, Uniseed, UniSuper, Co:Act Capital, and the University of New South Wales (UNSW), Sydney. The Series A2 round was spearheaded by Quantonation, a global quantum technology specialist fund.
Andrew Dzurak, CEO and Founder of Diraq, expressed his enthusiasm for the new investors and the company’s future milestones. Diraq’s primary goal is to deliver the world’s first fault-tolerant quantum computer, a significant step forward in the field of quantum computing.
Diraq’s Technological Advancements in Quantum Computing
Recently, Diraq announced a record control accuracy of 99.9% for a quantum bit (qubit) manufactured by imec using industry-standard CMOS materials on a 300mm silicon wafer. This achievement is a significant validation of Diraq’s technology’s potential for large-scale commercial production.
In addition, the company published research in the journal Nature demonstrating high-accuracy spin-based quantum computation at warmer temperatures. This breakthrough overcomes a significant obstacle in delivering silicon-based quantum processors with millions of qubits, further solidifying Diraq’s position in the quantum computing field.
The Impact of Diraq’s Quantum Computing on Various Sectors
The advancements in quantum computing by Diraq are expected to have a significant impact on various sectors. High-performance computing capabilities can enhance critical areas such as energy modeling, climate, health, and more. Diraq’s quantum computers represent a significant step towards the next generation of data infrastructure.
Investors like Taronga Ventures see the potential of companies like Diraq to transform real assets and the foundational industries they support. Similarly, Uniseed is excited to partner with Diraq, recognizing the company’s strategic translation of university-developed intellectual property into a significant commercial enterprise.
About the Investors
Main Sequence is a venture fund that collaborates with scientists, researchers, and industry partners to create, fund, and accelerate new companies and industries across various sectors. Founded in Australia in 2017, Main Sequence manages the CSIRO Innovation Fund, which was established by the Australian Government and the national science agency to reinvest its historic contributions into future successes.
Taronga Ventures is a leading technology investor focused on driving innovation across real asset sectors such as real estate and infrastructure. The group consists of the RealTech Ventures funds, the RealTechX innovation programs, and Taronga Advisory, which provides institutional real asset owners and operators strategic advice on critical areas of sustainability and technology.
About Diraq
Diraq is a pioneer in building quantum processors using silicon ‘quantum dot’ technology. The company’s approach relies on the existing silicon manufacturing processes used by foundries to produce today’s semiconductor components, known as CMOS. Diraq aims to revolutionize quantum computing by driving qubit numbers on a single chip to the many millions, and ultimately billions needed for useful commercial applications. By leveraging existing chip fabrication technology and the ability to manufacture qubits at scale within current semiconductor facilities, Diraq is accelerating the transformation of computing as we know it today.
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