Quantum Brilliance raises $18M as sector fundraising ramps up again
Quantum Brilliance, the Australian-German company that has garnered attention for its work on developing room-temperature miniaturized quantum computers using synthetic diamonds, has added $18 million USD funding to its coffers from a roster of investors that includes Breakthrough Victoria, Main Sequence, Investible, Ultratech Capital, MA Financial, Jelix Ventures, Rampersand and CM Equity.
Some of those investors, including Main Sequence, Investible, Ultratech Capital, MA Financial, and Jelix Ventures also participated in a $9.7 million seed round for Quantum Brilliance in August 2021.
Quantum Brilliance said it will use the funding to expand international operations, deliver hardware and software products to customers, and improve manufacturing and fabrication techniques. The company said it also will enhance the performance of its room-temperature quantum computers and further develop software and application offerings.
The company saw a significant deployment in June 2022 at the Pawsey Supercomputing Research Centre in Australia, which was touted as the first deployment of a room-temperature quantum system on-site with a supercomputer.
“We are actively investing in quantum technologies to establish Australia, and the state of Victoria, as a global player in this rapidly evolving sector,” said Grant Dooley, CEO of Breakthrough Victoria, which manages a $2 billion AUD sovereign investment fund for the Victorian government in Australia. “Quantum Brilliance’s vision of mass producible, room temperature, small form factor quantum computers aligns closely with our mandate to fund ideas and technology in Victoria that will help solve globally significant problems, and we see them as a true innovator in the quantum computing industry.”
The Quantum Brilliance announcement is the latest in a recent flurry of funding activity in the quantum sector that also has encompassed new investments in Pasqal, Oxford Ionics, and Q-CTRL.
Quantum Brilliance is working to further miniaturize its technology eventually to the size of semiconductor chips that can be used on any device and wherever classical computers exist today, unlocking practical quantum computing to everyone.
“Our technology is following the successful path of classical computers, where integrated semiconductor chips allowed the jump from large fragile mainframes to laptops and smartphones. Our small form factor, room temperature, low power devices are forging the same path,” said Andrew Horsley, co-Founder and CTO of Quantum Brilliance. “We are proud of our achievement in taking quantum computing from the lab to the data center has been recognized by the investment community.”
Dan O’Shea has covered telecommunications and related topics including semiconductors, sensors, retail systems, digital payments and quantum computing/technology for over 25 years.