{"id":287367,"date":"2021-08-25T21:19:13","date_gmt":"2021-08-25T21:19:13","guid":{"rendered":"https:\/\/www.innovationaus.com\/?p=21764"},"modified":"2021-08-25T21:19:13","modified_gmt":"2021-08-25T21:19:13","slug":"quantum-brilliance-clears-local-barriers-to-raise-13m","status":"publish","type":"post","link":"https:\/\/radiofree.asia\/2021\/08\/25\/quantum-brilliance-clears-local-barriers-to-raise-13m\/","title":{"rendered":"Quantum Brilliance clears local barriers to raise $13m"},"content":{"rendered":"
Australian-German startup<\/strong> Quantum Brilliance has closed a $13 million seed investment co-led by a consortium of Main Sequence and the founder of QxBranch, an Australian quantum software spin-out which successfully exited in 2019.<\/p>\n Quantum Brilliance will now go on a hiring spree, seeking to bring on more than 100 new employees by the end of next year split across Australia and Germany. The company has a target to deliver quantum accelerators the size of a lunchbox with over 50 qubits by 2025.<\/p>\n The company told InnovationAus the appetite for deep tech investment in Australia is improving but warned foreign investment barriers and a lack of government funding risked \u201csmothering\u201d the local quantum sector.<\/p>\n