Tag: quantum

Diraq banks another $10m in Series A funding

Posted on   |  by Justin Hendry
Sydney quantum startup Diraq has chalked up another $10 million in funding through an expanded Series A as the company continues its efforts to develop the world’s first fully...

Queensland reveals detail of equity stake in PsiQuantum

Posted on   |  by Joseph Brookes
The Queensland government’s $465 million investment in PsiQuantum includes a US$125 million (A$188 million) convertible note, offering the state a potentially valuable share in the US firm vying to...

‘Possibly a sham’: Quantum EoI baited local market

Posted on   |  by Justin Hendry
The federal government has been accused of running a misleading quantum computing EoI that baited information from local players while commercial discussions with PsiQuantum were already well advanced. Current...

Govt racks up $7m bill for external advice on PsiQuantum

Posted on   |  by Joseph Brookes
The federal government has spent almost $7 million on external advice related to its controversial investment in Californian startup PsiQuantum, bringing in legal firms, probity advisers and management consultants...

Qld budget injects $90m into quantum

Posted on   |  by Denham Sadler
The Queensland budget has pledged nearly $90 million towards the state’s burgeoning quantum sector, just months after the state government confirmed a $465 million funding package for US quantum...

$58m for latest ARC laureate research fellowships

Posted on   |  by Brandon How
STEM researchers in areas like quantum computing and clean energy will receive most of $58 million in laureate research fellowship funding awarded by the Australian Research Council on Tuesday....

Quantum skunkworks to boost NSW competitive edge: Report

Posted on   |  by Justin Hendry
A quantum skunkworks should be stood up in NSW to reinforce the state’s reputation as a global hub for the nascent technology by translating research into new commercial spinouts,...