With advice from G+T Ventures, Gilbert + Tobin’s Ventures practice, Quantum Brilliance has raised US18 million (A$26 million) in its Pre-Series A funding round.
Quantum Brilliance, which spun out of ANU in 2019, is using synthetic diamonds to develop quantum computers that operate at room temperature, making them suitable for deployment in a diverse range of environments like data centres, satellites, and autonomous vehicles.
A number of local and international funds participated in the round, including Main Sequence, Investible, Jelix Ventures, Rampersand, MA Financial, Ultratech Capital and CM Equity, as well as the Victorian investment fund Breakthrough Victoria. The funds raised will be used to expand the company’s research capacity and ramp-up the development of critical materials.
Lawyer and Head of G+T Ventures Xavier Keary advised Canberra-based Quantum Brilliance on all aspects of the funding round, with assistance from lawyer Matthew Pope. "We’re very proud to continue to support Quantum Brilliance on its latest funding round” said Xavier, “Quantum Brilliance are a shining example of Australian innovation capability and have the potential to be a global player in quantum technology.”