Home / Technology / Sydney Firm Diraq Aims for 2029 Quantum Computer
Sydney Firm Diraq Aims for 2029 Quantum Computer
2 Feb
Summary
- Australian taxpayers inject $20 million into Diraq's quantum computer development.
- Diraq aims to commercialize its quantum computer by 2029.
- Diraq uses standard chip-making facilities for its quantum chips.
Australian taxpayers have committed $20 million to Sydney start-up Diraq's ambition to develop a new generation of quantum computers. The National Reconstruction Fund Corporation has taken a significant stake in the firm, which is targeting a commercial release of its quantum computer by 2029.
Diraq founder Andrew Dzurack believes their approach, using standard chip-making facilities to produce quantum chips with millions of qubits, will lead to more compact, affordable, and scalable quantum machines. This initiative is part of Australia's broader push into quantum technology.
While Diraq aims for a 2029 market entry, another Australian-linked company, PsiQuantum, has secured nearly $1 billion from federal and Queensland governments for a proposed 2027 launch in Brisbane. Dzurack acknowledges the presence of competitors like PsiQuantum, emphasizing that multiple successes are possible in this emerging field.
