Sydney startup Diraq scores $431 million from US quantum program
Diraq reached the final stage of DARPA's Quantum Benchmarking Initiative. This unlocks up to $431 million in funding.
Diraq reached Stage C of the Quantum Benchmarking Initiative on Thursday. Diraq joined just six companies in this final phase.
The Quantum Benchmarking Initiative is a landmark US Defence quantum computing program. The funding unlocks up to $431 million.
Another $73 million is available right now to speed up development of Diraq's silicon quantum dot technology. IBM, IonQ and Atom Computing also advanced to Stage C. The initiative shows the US government's major push to build practical quantum computers.
Diraq's silicon approach competes with other quantum technologies being funded by DARPA.
- 6
- Companies in Stage C
- $431 million
- Total funding available
- $73 million
- Immediate funding
- Sydney
- Company location
Why it matters$73 million helps Australian quantum research. It speeds up the country's computing power. It also confirms years of local research spending were worthwhile.
AustraliaDiraq's DARPA success marks a major win for Sydney tech and Australian quantum computing ambitions, demonstrating global confidence in locally developed quantum technology.
✓ Claims checked against the source and corrected before publish. checked 2 h ago
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