The round was led by the QxBranch founder Shaun Wilson and the Main Sequence investment consortium, and also involved CP Ventures, Investible, Jelix Ventures, MA Financial (formerly Moelis Australia) Growth Ventures Fund, R3I Ventures, and Ultratech Capital Partners.

"We are tremendously appreciative of the trust our investors have in our capabilities to deliver on our R&D and go-to-market plans,” said CEO Andrew Horsley.

Quantum Brilliance builds quantum accelerators using synthetic diamonds. This approach avoids the need for near absolute zero temperatures or complex laser systems.

The company is looking to build 50+ qubit quantum accelerators the size of a lunchbox by 2025.

Quantum Brilliance has its roots in The Australian National University’s diamond quantum science research group.

“It is wonderful to see venture investments in breakthrough research commercialisation spin-outs like Quantum Brilliance,” said ANU Vice-Chancellor Professor Brian Schmidt.

“If the University’s goal to create a billion-dollar company in the next five years is to happen, it will be through these joint efforts.”

“We are quietly confident Quantum Brilliance has all the foundations in place to be a globally significant company and to reshape the quantum computing industry," said Shaun Wilson, investor and founder of QxBranch, Australia’s first quantum computing applications company.

Main Sequence Ventures partner Bill Bartee said “We’re excited to support the Australian quantum industry and visionary companies like Quantum Brilliance who have a unique approach to designing and building quantum accelerators at the edge."