Diraq, a Sydney, Australia-based company which specializes in quantum computing based on silicon quantum dots, raised USD $15M in Series A-2 funding.
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.
Led by Andrew Dzurak, CEO and Founder, Diraq specializes in building quantum processors using silicon ‘quantum dot’ technology. 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. We are focused on delivering energy-efficient processors with billions of qubits on one chip contained in one refrigerator, rather than thousands of chips and refrigerators requiring hundreds of square metres of space in a warehouse.”
FinSMEs
14/02/2024