Startup · $182.3m raised
Quantum computing company that installed QPUs at Oak Ridge National Laboratory
Melbourne, VIC
Every investor coverage indicates participated in a round Quantum Brilliance raised.
| Investor | Rounds | Invested |
|---|---|---|
| Alium Capital Management | Series A · Series A | - |
| Breakthrough Victoria | Series A · Series A · Series A · Seed | $28,000,000 |
| Breakthrough Victoria (BV) | Series A | - |
| CM Equity | Series A | - |
| CM Equity Partners | Series A · Seed | - |
| Cyber Agency | Grant | - |
| Cyberagentur | Grant | - |
| Germany's Cybersecurity Agency | Grant | - |
| In-Q-Tel | Series A · Series A | - |
| In-Q-Tel (IQT) | Series A | - |
| InterValley Ventures | Series A · Series A | - |
| Investible | Series A · Series A · Series A · Seed | - |
| Jelix Ventures | Series A · Series A · Series A · Seed | - |
| MA Financial | Series A | - |
| MA Growth Ventures | Series A · Seed | - |
| Main Sequence Ventures | Series A · Series A · Seed | - |
| National Reconstruction Fund (NRF) | Series A · Unnamed stage | - |
| National Reconstruction Fund Corporation | Series A · Unnamed stage · Series A | $26,000,000 |
| NRF Corporation | Unnamed stage · Series A | $13,000,000 |
| NSW Government | Grant | - |
| Rampersand | Series A · Seed | - |
| Ultratech Capital | Series A | - |
| Ultratech Capital Partners | Series A · Seed | - |
| Victorian Government | Series A | - |
Investors whose own portfolio pages list Quantum Brilliance, even though we haven't found any coverage of the round yet.
| Investor | Listed on |
|---|---|
| MA Financial Group | its portfolio page ↗ |
Companies Quantum Brilliance acquired or merged with, per published coverage. Buying a company is not investing in one: nothing here counts in the deals column.
Stories naming Quantum Brilliance. Where several outlets covered the same round, they are bundled under whichever ran the fullest account.
Sydney quantum computing company Diraq will station an eight-qubit prototype machine inside an Equinix facility from October, a step toward moving the technology from lab to market.
Allens' Cyber Brief podcast hosts QuintessenceLabs founder and CEO Vikram Sharma discussing quantum computing threats to encryption, harvest-now-decrypt-later attacks, and the governance steps boards should take toward post-quantum readiness.
Breakthrough Victoria rounds up April–May 2026 portfolio news, including grants for Number 8 Bio and Xefco, Liquid Instruments' Series C, program selections, partnerships, regulatory clearances and two new Aravax directors.
The National Reconstruction Fund has put $20 million into Sydney quantum chip maker Silicon Quantum Computing via a SAFE note, following its smaller-than-planned 2023 Series A and a similar NRF bet on Diraq.
Breakthrough Victoria's release marks Infleqtion's New York Stock Exchange listing, the investor's first portfolio listing, and notes further quantum backing of Quantum Brilliance plus Infleqtion's Victorian operations and partnerships.
Also Breakthrough Victoria·Breakthrough Victoria·Breakthrough Victoria·Breakthrough Victoria·Startup Daily·SmartCompany
The National Reconstruction Fund has invested $20 million in Sydney quantum startup Diraq, an equity stake the government fund says will aid domestic production and hiring ahead of a planned 2029 product launch.
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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.
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Rampersand's newsletter announces it led Keeyu's $2.3 million pre-seed round, alongside portfolio updates from Quantum Brilliance, Cuttable, Hatch and Goterra, plus job listings and reflections on domain founders and Australian venture capital.
Also Rampersand·quantumwire.com·Startup Daily·Startup Daily·semiconductorindustrymonthly.com
The ACT Government launched the ACTivate Capital Fund with $23 million committed, backed by Epicorp, UNSW Canberra and family offices, targeting Canberra early-stage companies.
Breakthrough Victoria's CEO reviews its 2024/25 year: growing capital base, strong co-investment leverage, portfolio milestones including Amber's $10m raise, first fellows awarded, and projected economic impact ahead.
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.
Australia's NRFC has injected $150m into Brandon Capital's sixth life-science vehicle, lifting it to a $439m close; past NRFC cheques to local deep-tech firms are also recapped.
Biotech PolyActiva has banked a Series C round led by the National Reconstruction Fund with Brandon Capital, funding late-stage trials of its dissolvable glaucoma implant and a consolidated Melbourne site.
Also Startup Daily
NRF chair Martijn Wilder describes boardroom disagreement over risk appetite at the government investor, recounting earlier deals backing Harrison.ai, Quantum Brilliance, Myriota, QuintessenceLabs and Vault Cloud.
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.
Quantum sensing startup DeteQt, spun out of the University of Sydney, has raised $750,000 in pre-seed funding from Main Sequence and Austin's ATP Fund, and holds a $3 million defence contract.
Roundup of two Australian raises: a quantum security company's government-led $20m round and a retail analytics startup's US seed round backing its American push.
QuintessenceLabs, a two-decade-old cybersecurity company in Canberra, has raised $20 million with $15 million coming from the National Reconstruction Fund; earlier rounds for Harrison.ai, Vault Cloud and Quantum Brilliance are also recalled.
Breakthrough Victoria highlights recent achievements of portfolio companies including funding, awards, and expansions for firms like Liquid Instruments, Quantum Brilliance, and Samsara Eco.
Harrison.ai has received $32 million from the National Reconstruction Fund Corporation toward its Series C, with the federal investor's December backing of Vault Cloud, Myriota and Quantum Brilliance also noted.
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Roundup of three Australian raises — ElectraLith, Coposit and Convergence Medical — plus Quantum Brilliance naming its Series A backers and Rokt's secondary share sale.
Weekly roundup covering seven Australian companies' fresh capital: EV charging, satellite IoT, sovereign cloud, wearables, workplace messaging, plus two crowdfunding raises on Birchal.
Also Startup Daily·Startup Daily·@AuManufacturing·@AuManufacturing
Australia's National Reconstruction Fund Corporation has put $22.5 million into Vault Cloud's Series B, its first defence-priority investment, after recent year-end cheques to Myriota, Quantum Brilliance and Russell Mineral Equipment.
Also SmartCompany·Startup Daily·Startup Daily·Startup Daily·Startup Daily
Adelaide IoT satellite firm Myriota has raised $50 million, led by the National Reconstruction Fund’s $25 million contribution, with Main Sequence and Inter Valley Ventures also backing; an NRFC director has resigned.
Myriota, an Adelaide nanosatellite company, has raised $50 million with $25 million from the National Reconstruction Fund Corporation; the piece also recaps the fund's recent backing of Quantum Brilliance and Russell Mineral Equipment.
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Breakthrough Victoria's acting CEO reviews 2024: launching the BV Fellowship, investing in JigSpace and Quantum Brilliance, hosting a Founders Day, and recruiting a permanent CEO.
Also Breakthrough Victoria·Aura Ventures·Aura Group portfolio·Startup Daily·SmartCompany·Forbes Australia·SmartCompany·Startup Daily
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.
The National Reconstruction Fund has taken a $13 million stake in quantum maker Quantum Brilliance, while a defence accelerator funds University of Western Australia quantum research and Germany's Cyber Agency contracts the company.
Also Forbes Australia·Startup Daily·SmartCompany·Startup Daily·SmartCompany
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.
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Breakthrough Victoria has put another $10m into Quantum Brilliance, which builds diamond-based quantum hardware, funding a new Victorian foundry and its joint research hub with two universities.
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A news roundup covering a government-backed hydrogen project for Telstra, a climate tech fund's first close, new appointments at a South Australian agency and a feed company, plus export approvals and science prizes.
Also @AuManufacturing
Quantum Brilliance and ParityQC have won a German cybersecurity agency contract within a €35m project to build a field-deployable quantum computer by 2027, the funder's largest research award to date.
Also @AuManufacturing
Quantum Brilliance is teaming up with Oak Ridge National Laboratory to run its room-temperature quantum processors alongside classical supercomputers for hybrid workloads; the company's work also receives ACT Government backing.
The Australian federal and Queensland governments are investing $940m in PsiQuantum, which will open a Brisbane regional headquarters; $18.4m will fund a national quantum centre at the University of Sydney.
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Eight named Victorian manufacturers, including medical device maker PolyNovo, receive state government grants for new research facilities under a $15 million program, supporting work in health, energy, defence and advanced technology.
Also arkeus.com
Breakthrough Victoria defends its spending and investment record against critics urging its abolition, pointing to portfolio companies, university partnerships and recent backing of startups including Aravax.
Diraq, a Sydney-based quantum computing startup, has raised a US$15 million Series A-2 extension led by Quantonation, with UNSW and John Higgins Family Investments participating, adding to US$20 million raised at its 2022 spin-out.
Also Startup Daily·Startup Daily·Startup Daily·SmartCompany·Forbes Australia
Diraq has added $23 million to its Series A in a Quantonation-led round, with Higgins Family Investments and UNSW also taking part, on top of the $30.6 million raised earlier.
Also @AuManufacturing·Startup Daily·SmartCompany·Startup Daily·Startup Daily·SmartCompany·SmartCompany·SmartCompany·Early VC·@AuManufacturing·@AuManufacturing·Startup Daily
Tom Stace and Arkady Federov launch AQC, a Queensland venture making miniature superconducting components for quantum computers, with Uniseed investing $3 million; the piece also recaps Australia's quantum funding momentum.
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