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Diraq raises $20 million in Series A funding from the National Reconstruction Fund to deploy quantum chips in data centres and aims for its first commercial quantum computing system by 2029.

PRIVATEFeb 02, 2026•4 months ago

Amount Raised

$20 Million

Round Type

series a

SydneySoftware

Investors

Uni SuperNgs SuperHostplusNational Reconstruction Fund

Description

Diraq has secured a $20 million strategic equity investment from the National Reconstruction Fund. The funding will support the company's goal of releasing its first commercial quantum computing system in 2029. Diraq is also expanding its engineering team and operations in Australia. The startup is in talks with data center operators to deploy prototype systems.

Company Information

Company

Diraq

Location

Sydney, New South Wales, Australia

About

Diraq aims to redefine scalable quantum computing and bring practical commercial applications to the world via millions of qubits on a single chip, compared to the hundreds of qubits that exist today. We will be an end-to-end quantum computing provider – providing quantum hardware and software as a full stack, cloud accessible service.

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Fundz is a real-time business intelligence platform powered by agentic AI that proactively delivers personalized daily signals — including funding rounds, executive changes, M&A activity, 13F institutional filings, SEC 8-K events, investor activity, and website modifications — based on each user's watchlist and ICP. A trusted data source at firms such as BlackRock, Oracle, Kleiner Perkins, LinkedIn, HubSpot, and Cloudflare, Fundz democratizes the institutional-grade intelligence that previously required a PitchBook or Bloomberg terminal. Features include FundzWatch™ for automated website change detection, Daily Briefing for AI-powered daily briefings, and unified cross-signal alerts across 200,000+ companies.

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