Quantum Brilliance outlines a future for quantum chipmaking
Summary
Quantum Brilliance will use its $30 million capital raise in part to expand its Melbourne-based development facility to scale the manufacturing processes for the synthetic diamond-based chips destined for use in quantum devices for European and JAUKUS industry partners.The National Reconstruction Fund Corporation and Breakthrough Victoria announced investments of $13 million and $10 million to fund additional development work on the pathway to at-scale production, according to chief executive Mark Luo.The funding is part of a Series A funding round, which also attracted additional investment from Main Sequence Ventures, that will be fully detailed next week. The round is expected to top out at $30 million.Do you know more? Contact James Riley via Email.