Quantum Brilliance, a Canberra, Australia- and Stuttgard, Germany-based full-stack quantum accelerator startup, closed a USD$9.7m seed funding.
The round was co-led by the QxBranch founders’ and Main Sequence investment consortium with participation from CP Ventures, Investible, Jelix Ventures, MA Financial (formerly Moelis Australia) Growth Ventures Fund, R3I Ventures, and Ultratech Capital Partners.
The company intends to use the funds to actively hire for 20 roles including VP of Engineering and scientists, physicists, software engineers and control engineers to support the research, development, engineering and production of its quantum computing technology.
Spun out in 2019 from The Australian National University’s research group in diamond quantum science by CEO Andrew Horsley, Ph.D., Chief Scientific Officer Marcus Doherty, Ph.D., and COO Mark Luo., Quantum Brilliance harnesses synthetic diamonds to build quantum accelerators that do not require near absolute zero temperature or complex laser systems to operate like mainframe quantum computers.
The company’s projected roadmap to provide quantum accelerators the size of a lunchbox with over 50 qubits by 2025 will accelerate the adoption of useful quantum applications across a variety of sectors. Quantum accelerators can be deployed wherever classical computers are used such as satellites, vehicles, hospitals and robotic systems.
FinSMEs
25/08/2021