Quantum Brilliance raises $9.7m in international seed funding round - Business Leader News

Quantum Brilliance raises $9.7m in international seed funding round

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Quantum Brilliance, a venture-backed Australian-German full-stack quantum accelerator startup, today announced closing a $9.7m seed investment co-led by the QxBranch founders’ and Main Sequence investment consortium.

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. Quantum Brilliance is one of only a few companies worldwide already able to deliver quantum computing systems for customers to operate on-site today.

The company was spun out in 2019 from The Australian National University’s research group in diamond quantum science. The co-founders invented novel fabrication techniques and processor architectures and have worked closely with innovative early adopters making their software products accessible for co-development.

“It is wonderful to see venture investments in breakthrough research commercialization spin-outs like Quantum Brilliance,” said ANU Vice-Chancellor Professor Brian Schmidt. “If the University’s goal to create a billion-dollar company in the next five years is to happen, it will be through these joint efforts.”

“We’ve had experience with companies developing technology quietly until their breakout and then reaching significant valuations on the global stage,” said Shaun Wilson, founder of QxBranch, Australia’s first quantum computing applications company, founded in 2014 and acquired by Rigetti in 2019. “We are quietly confident Quantum Brilliance has all the foundations in place to be a globally significant company and to reshape the quantum computing industry.”

“We’re excited to support the Australian quantum industry and visionary companies like Quantum Brilliance who have a unique approach to designing and building quantum accelerators at the edge,” said Bill Bartee, partner at Main Sequence Ventures.