Innovator in the field of quantum computing, Diraq, has raised $15 million in Series A-2 investment. With silicon quantum dots serving as the cornerstone of its innovative methodology, the company’s ambitious efforts in producing fault-tolerant quantum computing are intended to be further advanced by this most recent cash injection.
Diraq;s funding round was spearheaded by Quantonation, a Paris-based investment firm recognized as the world’s first venture capital fund focusing solely on quantum technologies. The round also saw contributions from John Higgins Family Investments and the University of New South Wales (UNSW), Sydney, showcasing a strong vote of confidence from both private and academic sectors. This round complements an earlier Series A investment led by Allectus Capital, which, combined with government research funding from both Australia and the U.S., brings Diraq’s total backing to an impressive $120 million.
Andrew Dzurak, CEO and founder of Diraq, outlined the company’s strategic plans to leverage this new capital. Intentions include expanding their Australian team, establishing a foothold in the U.S. market, and enhancing international partnerships. Diraq‘s strategy revolves around revolutionizing qubit development by integrating CMOS technology – common in traditional computing – with proprietary designs to create energy-efficient processors capable of supporting billions of qubits on a single chip.
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Innovative Use of Modified Transistors
The vision behind Diraq’s ambitious project is to condense what would traditionally occupy vast warehouse spaces—thousands of chips and refrigerators – into a singular, compact system. This approach would not only promise “unparalleled” computational power but also mark a significant step towards sustainable and space-efficient quantum computing.
Will Zeng of Quantonation, soon to join Diraq’s board, praised the company’s trajectory as a key player in the silicon quantum ecosystem. The immediate technical objective, according to Mr. Zeng, is the creation of a quantum chip via standard semiconductor foundries, a milestone that will validate Diraq’s technology and accelerate its mission to build the world’s most potent quantum computers.
Highlighting the strategic advantage of Diraq’s technology, the company’s U.S.-based Chairman, the Hon. William Jeffrey, former Director of the U.S. National Institute of Standards and Technology (NIST), emphasized the innovative use of modified transistors. This approach leverages decades of semiconductor industry investment, aiming to achieve a quantum leap in qubit scalability.
Diraq’s dedication to pioneering a full-stack quantum computing solution would be evident in its resolve to transition from the current generation of large, error-prone systems to compact, fault-tolerant architectures. The company’s research, extensively published in prestigious journals, has already shown promising results in qubit control accuracy, essential for scalable error correction.
Diraq is dedicated to unleash the transformational potential of quantum computing across several industries by having complete control over the development spectrum, including both quantum hardware and application layers. Diraq, relying on decades of research and several patents, is poised to revolutionize quantum computing via the use of silicon ‘quantum dot’ technology.
With the help of this most recent fundraising round and the cooperative efforts of its partners and supporters, it would now be closer to realizing its ambition of commercializing fault-tolerant quantum computers that can address challenging global issues.
