Diraq Announces Additional Funding for $22M Series A Round
Summary
SYDNEY, June 24, 2024 Diraq, a global leader in quantum computing based on silicon quantum dots, today announced the expansion of its investment round, bringing the total raise to US$22 million.The company attracted further investment from a number of prominent strategic investors comprising deep tech venture fund Main Sequence, leading global real asset technology investor Taronga Ventures, Uniseed and UniSuper, Co:Act Capital and additional participation from foundation shareholder and research partner, UNSW, Sydney. Diraqs Series A2 round was led by global quantum technology specialist fund Quantonation.Diraq welcomes our new investors, and we look forward to partnering with them as we achieve the major milestones on our road map to deliver the worlds first fault-tolerant quantum computer, commented Andrew Dzurak, CEO and founder of Diraq.Diraq recently announced record control accuracy of 99.9% for a qubit manufactured by imec using industry-standard CMOS materials on a 300mm silicon wafer. The companys approach relies on the existing silicon manufacturing processes used by foundries to produce todays semiconductor components, known as CMOS, forging a faster and cheaper road to market. By capitalizing on existing chip fabrication technology and the ability to manufacture qubits at scale within current semiconductor facilities, Diraq is accelerating the change that can transform computing as we know it today. Its platform architecture is purpose built to drive the significant processing advances required to reduce cost and energy barriers, and to realize quantum computings full societal and economic potential.