Quantum player Diraq quietly raises $15m in round backed by international funds

▤ Summary

Diraq raised $15 million in a quiet funding round backed by investors in the United States, Singapore, France, and Australia. The company develops chips for quantum computers and recently started work in a Department of Defence quantum program. It plans to deliver its first quantum product by 2029 and a commercially useful fault-tolerant quantum computer by 2033. The new capital supports its international expansion as it continues building its technology roadmap.

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