About Diraq
Diraq is a company based in Sydney (Australia) founded in 2014 by Andrew Dzurak. Diraq has raised $128 million across 7 funding rounds from investors including NSW, UNSW Sydney and Morgan Creek. Diraq operates in a competitive market with competitors including Silicon Quantum Computing, Conductor Quantum, Quantum Silicon and ARQUE Systems, among others.
- Total Equity Funding$128 M (USD)
in 7 rounds
- Latest Funding Round$51 M (USD), Series C
Oct 2026
- InvestorsNSW
& 16 more
Funding Insights of Diraq
Diraq has successfully raised a total of $128M across 7 strategic funding rounds. The most recent funding activity was a Series C round of $51 million completed in October 2026. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $128.0M
- Total Rounds 7
- Last Round Series C — $51.0M
- First Round $20.0M
(Jun 2022)
- Investors Count 17
All 7 funding rounds of Diraq with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Oct 2026 | $51.0M | Series C | – | – | |
| Feb 2026 | $20.0M | Series A | – | National Reconstruction Fund | |
| Jul 2025 | $15.0M | Series B | – | – | |
| Jun 2024 | $7.0M | Series A | – | Main Sequence , Taronga Ventures | – |
| Feb 2024 | $15.0M | Series A | – | Quantonation | |
| Jul 2023 | $3.0M | Grant | – | – | |
| Jun 2022 | $20.0M | Series A | – | Allectus Capital | – |
17 investors in total: 17 institutional.
Investors in Diraq
Diraq has secured backing from 17 investors, including venture fund and institutional investors. Prominent investors backing the company include NSW, UNSW Sydney and Morgan Creek.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Venture capital investments are made in deep tech founders. | – | mseq.vc | Eveleigh, Australia | |
Taronga Group is engaged in technology and real asset investments. | – | tarongagroup.com | Sydney, Australia | |
Seed-stage investments are directed toward Australian companies. | – | uniseed.com | Brisbane, Australia | |
- | – | coact.vc | - | |
Quantonation is recognized as a venture capital fund focused on quantum and physics-based technologies. | – | quantonation.com | Paris, France | |
Early to late stage tech investments in Australia are targeted. | – | allectuscapital.limited | - | |
Investment management services are provided to institutions and wealthy families. | 2004 | morgancreekcap.com | Chapel Hill, United States | |
Various courses and degrees are offered across diversified streams. | 1949 | unsw.edu.au | Kensington, Australia | |
- | – | higginsfamily.org.uk | - | |
Wealth fund management is overseen by the NSW government entity. | 1856 | nsw.gov.au | Sydney, Australia |
Investor details for Diraq
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
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People of Diraq
16 people are tracked at Diraq (6 in leadership, 4 in board & advisors, 6 in team).
| Name | Role | Group |
|---|---|---|
Andrew Dzurak | Founder & CEO | Leadership |
Stefanie Tardo | Chief Operating Officer | Leadership |
Lasantha Thennakoon | CFO | Leadership |
Chris Escott | Head of Engineering | Leadership |
Henry Yang | Head of Quantum Control | Leadership |
Wee Han Lim | Head of Nanofabrication | Leadership |
Bill Jeffrey | Chair | Board & advisors |
Eliathamby Ambikairajah | Director, UNSW | Board & advisors |
Jason Cheong | Director, ICM, Allectus | Board & advisors |
Matthew Gould | Director, ICM, Allectus | Board & advisors |
Larissa Steele | Strategy & Operations Analyst | Team |
Jesus David Cifuentes Pardo | Quantum Engineer | Team |
Fay Hudson | Fabrication Manager | Team |
Will Gilbert | CMOS Design And Measurement Engineer | Team |
Kok Wai Chan | Fabrication And Process Engineer | Team |
Alexandra Dickie | Test Engineer | Team |
Complete people profiles for Diraq
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
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Timeline of Diraq
3 dated milestones of Diraq across 12 years, from founding to its latest funding, stage changes and deals.
- Founded Diraq is founded.
- Funding First funding round of $20.0M.
- Funding Latest funding round, Series C, of $51.0M.
Competitors of Diraq
Diraq operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Silicon Quantum Computing, Conductor Quantum, Quantum Silicon and ARQUE Systems, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| sqc.com.au | 2017 | Sydney, Australia | $133.0M | – | Universal quantum computers are developed using silicon qubit technology. | |
| conductorquantum.com | 2024 | San Francisco, United States | $125,000 | – | Developer of quantum computers | |
| quantumsilicon.com | 2011 | Edmonton, Canada | – | – | Universal quantum computing devices are developed using silicon atoms. | |
| arque.systems | 2022 | Aachen, Germany | – | – | Develops and commercializes scalable quantum computing hardware based on semiconductor technology. |
Detailed competitors of Diraq
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
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- Benchmarks
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Web traffic of Diraq
The website of Diraq (diraq.com) receives about 5.9K visits a month.
- Monthly visits5.9K
▼ 24.1% vs previous month
Latest news on Diraq
Complete news archive for Diraq
Full article history, source details, and older brand coverage require an active premium plan.
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- Brand-specific news history
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Similar companies to Diraq
10 companies that operate in the same segment as Diraq (Neuromorphic & Quantum Computing), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Full-stack quantum computing solutions using superconducting qubits are developed. | 2013 | Berkeley, California, United States | USD 195.62 M | USD 7.09 M | 140 | |
Photon-based universal quantum computers are developed for error correction. | 2015 | Palo Alto, California, United States | USD 2.32 B | USD 1.04 M | 12 | |
Universal quantum computers using trapped-ion technology are provided via cloud. | 2015 | College Park, Maryland, United States | USD 86 M | USD 43.07 M | 407 | |
Cloud-based quantum cryptography solutions for secure communication are developed. | 2016 | Bengaluru, Karnataka, India | USD 43.25 M | USD 102.62 K | 58 | |
Integrated universal quantum computers and software are developed. | 1999 | Burnaby, British Columbia, Canada | USD 210.36 M | USD 8.83 M | 220 | |
Universal quantum computers are developed using optically trapped neutral atoms. | 2018 | Berkeley, California, United States | USD 201.2 M | – | – | |
System-on-chips for quantum computing applications are provided. | 2019 | Elmsford, New York, United States | USD 64.26 M | – | 13 | |
Superconducting quantum computers are developed with advanced processors and operations. | 2018 | Espoo, Finland | USD 526.89 M | – | – | |
Application-oriented research is conducted in bioeconomy, AI, and climate technologies. | 1949 | Darmstadt, Hesse, Germany | USD 23.27 M | – | – | |
Quantum computers are provided using superconducting qubits and trapped ions. | 2019 | Harrogate, United Kingdom | USD 38.76 M | – | 13 |
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Frequently Asked Questions about Diraq
Diraq was founded in 2014 and raised its 1st funding round 8 years after it was founded.
Diraq is headquartered in Sydney, Australia. It is registered at Sydney, New South Wales, Australia.
Andrew Dzurak is the current CEO of Diraq. They have also founded this company.
Diraq is a funded company, having raised a total of $128M across 7 funding rounds to date. The company's 1st funding round was a Series A of $20M, raised on Jun 2022.
Diraq was established in 2014 in Sydney, Australia, within the quantum computing sector. Hardware components, including photonic, superconducting, and ion-trap chips, are produced by the company. End-to-end quantum computing solutions are offered, integrating hardware and software into a full-stack service accessible via cloud platforms. Operations focus on enabling scalable quantum technologies for various applications.
Diraq's top competitors include Silicon Quantum Computing, Conductor Quantum and Quantum Silicon.
Diraq has 17 investors. Key investors include NSW, UNSW Sydney, Morgan Creek, Main Sequence, and Taronga Group.