Quantum Brilliance Receives Additional $18 Million in Funding to Develop Miniature Quantum Computers
Strategic Investors Fund Australian-German Quantum Computing Hardware Manufacturers to Address Cross-Industry Challenges
STUTTGART, March 1, 2023 ---- Quantum Brilliance, a leading developer of products and solutions for miniaturized quantum computers that can operate at room temperature, has closed an $18 million (approx. €16.9 million) financing round. Investors include Breakthrough Victoria, Main Sequence, Investible, Ultratech Capital Partners, MA Growth Ventures, Jelix Ventures, Rampersand and CM Equity.
Quantum Brilliance will use the fresh capital to expand its international operations and provide hardware and software products to customers, among other things. In addition, the investment will further improve the performance of quantum computers operating at room temperature and expand the range of software and applications.
Quantum Brilliance has global partnerships in the Americas, EMEA and Asia Pacific, working with governments, supercomputing centers, research institutions, and industry. As part of such a collaboration, Quantum Brilliance has installed the world's first diamond-based quantum computer at room temperature in a supercomputing facility at the Pawsey Supercomputing Centre. A close collaboration with NVIDIA is also expected to accelerate the development of the world's first hybrid platform for quantum computing.
The diverse collaborations follow a recognizable trend: The market for quantum computers is getting bigger and bigger and offers enormous growth opportunities. Hyperion Research predicts that it will reach $2025.1 billion by 2, and McKinsey estimates that this figure will rise to $2035 billion globally by 700.
Diamond-based quantum computing at room temperature
Quantum Brilliance's quantum computers use synthetic diamonds, allowing them to be used at room temperature in any environment, from data centers to mobile devices, autonomous vehicles and spacecraft. Because Quantum Brilliance's instruments do not require cryogenics, vacuum systems, or precision laser arrays, they consume significantly less energy and can be deployed on-site or via edge devices. The company is working to further scale down its technology to eventually reduce it to the size of semiconductor chips. This step will make practical quantum computing accessible to everyone, because such components can be installed on any device and used wherever classical computers are used today.
The combination of small form factor, robust design and low power consumption is the key to a wide range of application scenarios for quantum computers. This flexibility is a prerequisite for the use of quantum computing in solving numerous problems and developing concrete business cases, from onboard signal analysis in satellites to optimizing decisions in autonomous vehicles to massive arrays for modeling molecules for pharmaceutical research. In addition, Quantum Brilliance's technology can be scaled to enable the industrial mass production of quantum computers. The manufacturer already supplies its customers with quantum computer systems that can be operated directly on site. The company also offers a software development kit with high-performance emulators that allows customers and researchers to develop and test quantum applications for future commercialization.
"With our technology, we are following the successful model of classic computers, in which integrated semiconductor chips have made the leap from large, fragile mainframe computers to laptops and smartphones possible. Our devices follow the same path. They have a small form factor, operate at room temperature, and consume little power," explains Andrew Horsley, co-founder and CTO of Quantum Brilliance. "We are proud that our achievement in bringing quantum computing from the lab to the data center is being recognized in investor circles."
"We are very grateful to our investors for the trust they have placed in us," said Mark Mattingley-Scott, General Manager EMEA and Chief Revenue Officer of Quantum Brilliance. "The new capital will support us in expanding our activities and will also benefit our numerous partnerships with leading universities and research institutions in Germany and Europe. This brings us a great deal closer to our goal of commercializing new, innovative quantum technologies."