Ledger. Australian venture funding, tracked

CEO · Founder, Quantum Brilliance

Mark Luo

Coverage

Stories naming Mark Luo. Where several outlets covered the same round, they are bundled under whichever ran the fullest account.

Series B $45m

Breakthrough Victoria Portfolio Highlights 2025 Funding and Milestones

Breakthrough Victoria highlights portfolio achievements including Amber Electric's forty-five million dollar raise, Bygen and Diag-Nose grants, and Quantum Brilliance series A funding.

Also Breakthrough Victoria·Breakthrough Victoria·RenewEconomy·Startup Daily·RenewEconomy·Dealroom

Funding announcement

Quantum Brilliance processors installed at Oak Ridge facility in “the first big steps” towards quantum computing for scientific discovery

Quantum Brilliance's diamond-based quantum processors are running in Oak Ridge National Laboratory's commercial quantum cluster in the US. The piece also recalls the National Reconstruction Fund's $13m Series A investment made in December 2024.

2 deals

Quantum Brilliance Raises $20M to Scale Diamond Quantum Tech

Diamond quantum hardware maker Quantum Brilliance raised $20 million in Series A funding from Main Sequence, In-Q-Tel and Australian government investors, and won a German agency contract for a mobile quantum computer.

Series A US$20m

Quantum Brilliance Raises $20 Million in Series A Funding Round

Diamond quantum hardware maker Quantum Brilliance announced a US$20 million Series A with Main Sequence, In-Q-Tel, Intervalley Ventures, NRFC and Breakthrough Victoria among its backers, to build a foundry and sensing prototypes.

4 deals

Synthetic diamond creator Quantum Brilliance shines on with $23 million from National Reconstruction Fund & Breakthrough Victoria

Quantum Brilliance, a Canberra-based maker of diamond-based quantum chips, has drawn fresh equity from the National Reconstruction Fund and more from Breakthrough Victoria to build a diamond foundry, with prior grants and backers recapped.

4 deals

Quantum Brilliance raises $30 million for its diamond-powered computers

Quantum Brilliance has locked in a $30 million Series A, with Breakthrough Victoria and the National Reconstruction Fund backing its plan to open the nation's first foundry making quantum diamond devices.

Also SmartCompany·SmartCompany·SmartCompany·SmartCompany·Startup Daily·Tech Council of Australia

3 deals

Manufacturing news briefs — stories you might have missed

Roundup of manufacturing news: Hino picks SEA Electric drivetrains, a hydrogen grant for Nyrstar's Port Pirie plans, Imagion's funding facility, K-TIG's raise, and Quantum Brilliance's CEO change.

6 deals

Quiet achievers and COVID successes: SmartCompany's 10 startups to watch in 2022

SmartCompany's year-end list profiles ten Australian startups poised for a big 2022, recalling their 2021 raises, crowdfunding campaigns, government grants and accelerator origins, from mtime and Quantum Brilliance to Zoomo and Superhero.

Also Startup Daily·Startup Daily

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