Fundz

Diraq raised $22M in a Series A round led by Quantonation

PRIVATEJun 24, 2024

Amount Raised

$22 Million

Round Type

Series A

SydneySoftware

Investors

UnswCo:Act CapitalUni SuperUniseedTaronga VenturesMain Sequence

Description

Diraq, a global leader in quantum computing, announced the expansion of its Series A investment round, bringing the total raise to US$22 million. The round was led by global quantum technology specialist fund Quantonation.

Quick answer

Diraq raised $22 Million in a Series A round, dated June 24, 2024. Investors: Unsw, Co:Act Capital, Uni Super, Uniseed, Taronga Ventures and Main Sequence. Diraq is based in Sydney, New South Wales, Australia.

How much did Diraq raise?
Diraq raised $22 Million in a Series A round on June 24, 2024.
Who invested in Diraq?
Unsw, Co:Act Capital, Uni Super, Uniseed, Taronga Ventures and Main Sequence are named as investors in this round.
What does Diraq do?
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.
Where is Diraq based and how big is it?
Diraq is based in Sydney, New South Wales, Australia. Fundz records about 89 employees.
Who are the decision-makers at Diraq?
Fundz holds 1 contact at Diraq. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

Who else raised in Software around the same time

Companies in the same sectors as Diraq that raised within 45 days of this round, from Fundz verified event records.

  • Octane raised $50M (Series E) on August 8, 2024.
  • Rotonium raised $1.1M (Seed) on August 8, 2024.
  • OW Smell Made Digital raised $2.8M (Pre-Series A) on August 8, 2024.
  • Opal raised $60M (Funding Round) on August 8, 2024.
  • Anduril raised $1.5B (Series F) on August 8, 2024.
  • Skillfully raised $2.5M (Seed) on August 8, 2024.

Who to call at Diraq, and when

A new round usually means Diraq is about to hire and buy. The teams that reach out first get the meeting.

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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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Funding Insights

What this usually means
Typical timeline to Series B
Series A companies typically raise their next round in 10-18 months

Diraq raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

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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 Daily Briefing for AI-powered daily briefings, and unified cross-signal alerts across 281,000+ organizations. Developers and data teams can access these signals programmatically via the Fundz Funding Data API, with transparent published pricing.