Diraq Closes USD $15M Series A-2 Funding
Summary
The round was led by Quantonation, with participation from John Higgins Family Investments and UNSW. The company intends to use the funds to support its research and development initiatives to realize the full economic and commercial potential of quantum computing. This leverages proprietary technology developed by its predecessor research program at UNSW, which have formed 11 Diraq patent families. The company’s approach relies on the existing silicon manufacturing processes used by foundries to produce today’s semiconductor components, known as CMOS, forging a faster and cheaper road to market. Commenting on the news, Andrew Dzurak said: “We are working closely with our foundry partners to drive qubit development based on tried and tested CMOS techniques coupled with our proprietary designs.