All Updates

All Updates

icon
Filter
Funding
Diraq raises additional USD 7 million in extended Series A-2 funding
Quantum Computing
Jun 24, 2024
This week:
Partnerships
Anthropic partners with Amazon Bedrock to fine-tune Claude 3 Haiku model
Foundation Models
Yesterday
Funding
Lemon.markets raises EUR 12 million in funding to support growth
FinTech Infrastructure
Yesterday
M&A
Kipu Quantum acquires PlanQK platform to enhance accessibility to quantum computing solutions
Quantum Computing
Yesterday
Partnerships
Quantinuum and STFC Hartree Centre partner to enhance quantum computing accessibility in UK
Quantum Computing
Yesterday
M&A
Ipsen licenses Foreseen's antibody-drug conjugate 'FS001' for first-in-class cancer treatment development
Precision Medicine
Yesterday
M&A
Ipsen licenses Foreseen's antibody-drug conjugate 'FS001' for first-in-class cancer treatment development
AI Drug Discovery
Yesterday
Partnerships
Beacon Therapeutics collaborates with Abeona Therapeutics for ophthalmic gene therapy development
Cell & Gene Therapy
Yesterday
Funding
Pan Cancer T raises EUR 4.25 million in seed extension funding for preclinical studies of PCT1:CO-STIM TCR T-cell therapy
Cell & Gene Therapy
Yesterday
Partnerships
Accelerated Biosciences and Pluristyx partner to create clinical-grade induced pluripotent stem cell lines
Cell & Gene Therapy
Yesterday
M&A
SoftBank acquires UK AI chipmaker Graphcore to improve AI capabilities
Edge Computing
Yesterday
Quantum Computing

Quantum Computing

Jun 24, 2024

Diraq raises additional USD 7 million in extended Series A-2 funding

Funding

  • Sydney-based quantum computing company Diraq has raised an additional AUD 10.5 million (USD 7 million) in an extended Series A-2 funding round led by Quantonation, with participation from Main Sequence and Taronga Ventures, among others. This adds to the USD 15 million raised in February 2024 , bringing the company's total Series A-2 funds to USD 22 million.

  • The funding will be used to develop Diraq's silicon "quantum dot" technology and roadmap to deliver a fault-tolerant quantum computer. Diraq aims to build quantum processors that can operate above absolute zero temperature.

  • Analyst QuickTake: Diraq has developed a method to precisely control single electrons in quantum dots to run logic gates. It recently achieved a 99.9% control accuracy for a quantum bit manufactured using industry-standard CMOS materials, demonstrating the potential for scalable manufacturing. Before Diraq, Quantinuum marked the first to demonstrate a 99.9% fidelity in April 2024 .

Contact us

Gain access to all industry hubs, market maps, research tools, and more
Get a demo
arrow
menuarrow

By using this site, you agree to allow SPEEDA Edge and our partners to use cookies for analytics and personalization. Visit our privacy policy for more information about our data collection practices.