Startup profile · funding coverage
Diraq funding, valuation and investors
Australian silicon-spin quantum-computing developer using CMOS-compatible devices.
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Funding, valuation & investors
Answer-first snapshotLatest funding
Strategic equity investment
A$20M; NRFC stake, not necessarily a complete syndicated round · February 3, 2026
Latest known valuation
Not publicly disclosed
Total disclosed equity funding
$20M
Excludes debt, grants, acquisitions, secondaries, and IPO proceeds.
Current status
private
growth · Sydney, Australia
Investors in latest funding
Other: National Reconstruction Fund Corporation
Overview
Diraq develops quantum processors using silicon quantum dots and CMOS-compatible manufacturing. It originated from research at the University of New South Wales. In February 2026, Diraq and Australia's National Reconstruction Fund Corporation announced a A$20 million strategic equity investment. This is an equity stake, not a grant or a claim about the size of an entire syndicated financing round.
Separately, the company announced a US Department of Commerce letter of intent for up to US$38 million in May 2026; a proposed government award should not be recorded as completed venture funding. Existing backers disclosed by Diraq and NRFC include ICM, Quantonation, Main Sequence, Australian superannuation investors and other local investment firms.
Manufacturing compatibility is an engineering strategy, not proof that utility-scale computing has already been achieved.
Why Diraq is interesting
Its funding combines specialist quantum investors with Australian institutional capital, including a disclosed A$20 million sovereign equity investment in 2026.
Key facts
- Existing backers named by NRFC include ICM, Quantonation, UNSW, John Higgins Family Office, Taronga Ventures, Main Sequence Ventures, UniSuper, Uniseed, Hostplus, Co:Act Capital and NGS Super.
- Existing-backers disclosure does not establish participation by every investor in the February 2026 transaction.
Funding history (newest first)
Strategic equity investment
2026-02-03 A$20M; NRFC stake, not necessarily a complete syndicated round- National Reconstruction Fund Corporation (participant)
Source: Read source · nrf.gov.au
Investors in our directory
Funds linked from Diraq's profile — open a fund page for stage focus and related deal articles.
Competitive landscape
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Quantum Motion direct
Silicon-spin quantum computing.
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Quobly direct
Silicon-based processors using semiconductor manufacturing.
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Silicon Quantum Computing adjacent
Another Australian silicon approach, with a different fabrication strategy.
Industries
Market / IPO context
Editorial / static context — not a live quote.
Last updated:
Editorial note: AI tools assisted with research, structure, or drafting. Venture Capital Tracker retains human editorial responsibility for factual accuracy, relevance, and source quality before publication.