Quantum startup Diraq secures $20m equity investment from Australia’s National Reconstruction Fund Corporation - Data Center Dynamics

Quantum startup Diraq secures $20m equity investment from Australia’s National Reconstruction Fund Corporation Company aiming to deliver utility-scale quantum computer by 2029 February 05, 2026 By Charlotte Trueman Have your say Facebook Twitter LinkedIn Reddit Email Share Quantum computing startup Diraq has secured an AU$20 million ($14m) equity investment from the National Reconstruction Fund Corporation (NRFC), a fund established by the Australian government to support seven priority areas of the country’s economy.The financing will help support Diraq’s aim of delivering a utility-scale quantum computer by 2029. David Gall, NRFC CEO, and Andrew Dzurak, Diraq CEO – Diraq Founded in 2022 and headquartered in Sydney, Diraq builds quantum processors using silicon quantum dot technology. The company is aiming to build a full-stack quantum computer that moves the industry away from what it describes as "large, error-ridden systems" and towards fault-tolerant computing.In November 2025, Diraq was one of 11 companies to advance to the second stage of the United States government’s Defense Advanced Research Projects Agency’s (DARPA) Quantum Benchmarking Initiative (QBI).Commenting on investment, Diraq founder and CEO Andrew Dzurak said: “We are at a pivotal moment where years of breakthrough research is transitioning into a commercial reality that will redefine future computing. Australia has always been a quantum powerhouse in the lab and, with the NRFC’s backing, we are ensuring it becomes a quantum powerhouse in the market.”NRFC CEO David Gall added: “Australia has the potential to lead the world in quantum computing, and Diraq’s groundbreaking combination of silicon-based qubits and tried and tested semiconductor architecture will revolutionize the industry. Diraq’s growth prospects are immense, and the company represents the exact kind of high-value, transformative manufacturing the NRFC was created to support.” Subscribe to The Investment & Markets Channel for regular news round-ups, market reports, and more. Create an Account to Subscribe Now More in Investment / M&A / Financing 2026 global data center outlook 20 Jan 2026 Liberty Global in talks to acquire Three Ireland - report Episode Mapping emerging data center markets in Southeast Asia More in Australasia 06 Nov 2025 Google plans AI data center on Australian outpost Christmas Island 29 Sep 2025 Australian telco Optus suffers another emergency call outage, at single mobile phone tower site 15 Aug 2025 Australian energy market operator creates standalone forecast category for data centers Facebook Twitter LinkedIn Reddit Email Share Tags Andrew Dzurak Australia David Gall Diraq NRFC National Reconstruction Fund Corporation Quantum Computing