Quantum News Nexus

Snowed in or frozen out? Here are a few recent headlines to help soothe your cabin fever:

UPDATED with an item accidentally cut from the earlier version of this post

Australia’s Diraq drew a $20 million AUD ($13.9 millon USD) investment from the nation’s National Reconstruction Fund. The company has raised around $100 million total thus far, and has US operations in Chicago, Boston, and Palo Alto, California.

UPDATE: Nu Quantum is gaining a €9,75 million (about $11.5 million USD) investment from Spain’s Ministry for Digital Transformation and Public Administration, through the Spanish Society for Technological Transformation (SETT), and on behalf of the Spanish government, according to a press release. The funding is part of Nu Quantum’s €51 million ($60 million) Series A round, which was first announced last December. The deal calls for Nu Quantum to open a Spanish subsidiary, to serve as a center for quantum networking and photonic infrastructure for distributed quantum computing.

QuEra Computing and Roadrunner Venture Studios are lined up to work on a $4 million testbed project in New Mexico. Roadrunner, a “deep tech” venture firm, also is working with Qunnect on a quantum network project in New Mexico that was announced last November.

The Superconducting European Quantum Pilot Line (Supreme) consortium has earned €50 million ($58.9 million USD) in grant money from the EU Chips Joint Undertaking and other parties, according to Science/Business. Supreme started last year as a consortium of more than 20 organizations, including quantum firms like Qilimanjaro, Alice&Bob, QuantWare, and more. This funding is expected to support more than three years of work, beginning this year, as the group looks to industrialize superconducting quantum computing chips.

D-Wave submitted an SEC filing to issue just under $275 million worth of stock related to the completion of its acquisition of Quantum Circuits. D-Wave’s share price (NYSE: QBTS) was down late Monday by about 36 cents to $20.85.

EPB Quantum has launched a Quantum Fellowship workforce development program after receiving a $4 million grant from the National Institute of Standards and Technology.

Image: David Gall, CEO of Australia’s National Reconstruction Fund (left), stands with Diraq CEO Andrew Dzurak (right) in front of cryogenic fridges at Diraq’s laboratory. (Source: Diraq)

Quantum News Nexus is a site from freelance writer and editor Dan O’Shea that covers quantum computing, quantum sensing, quantum networking, quantum-safe security, and more. You can find him on X @QuantumNewsGuy and doshea14@gmail.com.