Silicon Quantum Computing received an investment from the National Reconstruction Fund Corporation. The AUD $20 million will go toward expanding its semiconductor manufacturing technology and creating new jobs in Sydney.
“From day one, SQC’s mission has been clear: to build the world’s first commercial-scale quantum computer in silicon, right here in Australia,” Michelle Simmons, Silicon Quantum Computing’s founder and CEO, said in a statement. “Our globally unique manufacturing capability gives us a decisive advantage in the global race, and NRFC’s investment allows us to accelerate that mission.”
Serving banking, defense, pharmaceuticals and AI customers, the company works to manufacture quantum chips with atomic precision. Its products include Watermelon, a quantum machine learning system, and Quantum Twins, a quantum simulator for accelerating molecule and materials discovery.
Its new funding helps SQC further its precision atom qubit manufacturing process. With a team of over 100 people, the capital also enables SQC to create highly skilled jobs in sales, chip design, quantum engineering, chip design and hardware engineering.
