Diraq

Sydney – October 24, 2026 -- Diraq, a University of New South Wales (UNSW) spin-out that builds quantum computers from modified standard transistors, expects chips with thousands of qubits as early as 2028 and universal fault-tolerant machines in the 2030s, according to founder and CEO Andrew Dzurak.

Diraq adds $15M Series A-2 extension to $20M initial round

Diraq raised a $20M Series A in 2022, led by Allectus Capital. This spring it announced a Series A-2 extension led by Quantonation, which brought in an additional $15M. The company spun out of UNSW in May 2022 and opened a company lab on the university campus a few weeks ago, keeping it close to ongoing research.

New York – October 12, 2026 -- Diraq will deploy up to $300 million to support independent verification and validation of its quantum computing solution after the U.S. Defense Research Projects Agency selected it to advance to the final stage of its Quantum Benchmarking Initiative.

Diraq targets first shared-data-center silicon spin quantum computer by end of 2026

The company says it will deploy the world's first silicon spin quantum computer to operate in a shared commercial data center before the end of 2026. The item was part of the New York Stock Exchange's pre-market update on October 12, delivered by Kristen Scholer from the NYSE Trading Floor.

Earnings season and inflation reports drive the week's market agenda

The NYSE flagged earnings season and inflation reports as the headline market events this week.