HPQC Fund portfolio company Sparxity (formerly SpiNNcloud) has announced a multi-million-dollar deployment of its sparse-native computing systems at Germany’s Jülich Supercomputing Centre, one of Europe’s largest supercomputing research facilities. The installation, named JUBIS, is designed to improve computational speed and energy efficiency for sparse machine learning and high-performance computing workloads. The deployment marks a significant milestone for Sparxity as it e

The rapid growth of AI has attracted a wave of investment into photonics, as the industry looks for ways to overcome the power and data-transfer constraints facing next-generation computing. But with so many companies, funding announcements and ambitious claims, how can investors distinguish commercial potential from hype? Drawing on lessons from the fiber optics boom of 1999–2001, HPQC examines the risks shaping today’s photonics market. From demand and technology to custome

As AI systems scale to incorporate increasing numbers of GPUs, traditional copper connections face growing limitations in bandwidth, distance and system design. In this article, Mixx Technologies explores how its high-density SxC fibre connector and roadmap for near-packaged and co-packaged optics could help enable fully optical scale-up networks, supporting greater connectivity and more efficient communication between processors. The article outlines Mixx’s approach to addre

Diraq Founder and CEO Professor Andrew Dzurak has been elected a Fellow of the American Physical Society, one of the highest honours in the global physics community. The recognition celebrates his pioneering contributions to silicon-based quantum computing and the development of scalable, cost-effective quantum technologies. Read the full announcement here.

Vivek Raghuraman and Rebecca Schaevitz HPQC portfolio company Mixx Technologies has showcased its high-density SxC optical connector, designed to address the growing connectivity demands of AI infrastructure. Capable of terminating up to 24,576 optical fibres in a single rack unit, the technology aims to support higher-density, more scalable optical connectivity for next-generation data centres. Read the full article here.

Diraq takes quantum computing into the data centre Diraq is taking an important step towards commercial quantum computing, with plans to deploy its silicon spin quantum computer inside an Equinix data centre in Sydney. The deployment will demonstrate how quantum systems can integrate with existing data-centre infrastructure - bringing the technology closer to real-world applications. Read the full announcement here.

Diraq has unveiled its roadmap towards utility-scale quantum computing, targeting millions of spin qubits on a single silicon chip. The milestone highlights the potential of Diraq’s silicon-based approach to overcome the scale and integration challenges facing quantum computing — bringing practical, large-scale quantum systems closer to reality. Read more from Diraq here.

Diraq has opened its first U.S. quantum laboratory in Chicago, expanding its R&D capabilities and strengthening its position within the growing U.S. quantum ecosystem. The new facility will support testing and development of Diraq’s silicon-based quantum technology as the company progresses towards utility-scale quantum computing. Read more about Diraq’s latest milestone and its expanding global R&D network here.

Diraq continues to demonstrate meaningful progress on the path to utility-scale quantum computing, announcing the successful operation of a scaled silicon-based qubit array manufactured using industry-standard semiconductor processes. The achievement reinforces the potential of leveraging existing CMOS manufacturing infrastructure to accelerate the commercialisation of scalable quantum technologies. Read the full announcement here.

Scott A. Mcgregor, Diraq Chairman, and Andrew Dzurak, Diraq CEO Another strong signal that the quantum industry is entering its commercialisation phase. Portfolio company Diraq has appointed former Broadcom CEO and semiconductor industry veteran Scott A. McGregor as Chairman of the Board. McGregor's experience scaling global semiconductor businesses aligns closely with Diraq's silicon-based approach to quantum computing and its ambition to deliver commercially relevant quantu

Quantum computing is taking another step towards enterprise deployment. Q-CTRL has partnered with Anyon Technologies to integrate autonomous calibration into modular hybrid quantum supercomputers, enabling self-managing, data centre-ready systems that maximise uptime, reduce operational complexity and accelerate the adoption of practical quantum computing for commercial applications. Read the full announcement here: Anyon Technologies and Q-CTRL Deliver Modular, Self-Calibrat

Recent headlines have focused on quantum computing's long-term potential, but the industry's most significant developments are increasingly centred on practical applications. In a newly released white paper, Q-CTRL outlines how quantum computing and quantum infrastructure software could deliver operational advantages for complex defence logistics, planning and optimisation challenges as early as 2027. The report highlights use cases ranging from convoy routing and strategic a

Diraq has signed a Letter of Intent with the U.S. Department of Commerce for up to US$38 million in proposed funding under the CHIPS and Science Act, marking a significant endorsement of its silicon-based quantum computing technology. The funding is intended to support the development and scaling of domestic manufacturing capabilities for quantum processors in the United States, reinforcing the growing strategic importance of quantum technologies. The announcement also highli

Australian quantum computing company Diraq has announced that founder and CEO Andrew Dzurak has been elected a Fellow of the Australian Academy of Science, one of the country’s highest scientific honours. The recognition reflects Professor Dzurak’s pioneering work in silicon-based quantum computing and his contribution to advancing scalable quantum technologies. The appointment highlights the growing global recognition of Australia’s leadership in quantum research and commerc

Q-CTRL has announced a major milestone in quantum computing, demonstrating a 3,000-fold speedup in materials simulation for the energy sector using its infrastructure software on the IBM Quantum Platform. The breakthrough provides evidence of “practical quantum advantage”, where a quantum computer outperforms classical methods on a commercially relevant problem. This achievement highlights the growing real-world potential of quantum computing to accelerate materials discovery

ICM HPQC News Flash – February 2026 highlights recent developments across the fund’s portfolio and broader high-performance and quantum computing ecosystem. The update covers key portfolio milestones, technology progress and industry trends shaping the next generation of advanced computing infrastructure. Highlights at a glance Portfolio progress: Updates from companies across the HPQC ecosystem, including developments from Q-CTRL, Diraq, Salience Labs and Mixx Technologies

Salience Lab’s innovative architecture builds on Tower’s differentiated silicon photonics platforms to enable ultra-low latency, high-bandwidth, and energy-efficient optical connectivity tailored for AI cluster environments. Read the full update here .

Breakthrough technologies are often born in laboratories and research centres, but far fewer ever translate into durable commercial success. The gap between technical promise and real-world value creation remains one of the most persistent challenges in technology investing. While innovation is frequently equated with novelty or scientific advancement, commercial innovation requires something more: a clear customer need, a viable route to adoption, and an ecosystem capable of

Our ICM HPQC Fund continues to see excitement in the next-generation computing space. In this newsflash, they cover: A look back at an exceptional year for compute and AI infrastructure: Market trends shaping hyperscaler investment, data-centre expansion and energy constraints The rise of agentic AI, productivity tools and record valuations across the sector A breakout year for quantum computing, government initiatives and strategic momentum How these shifts position ICM HPQC

ICM HPQC Fund (“ICM HPQC”) continues to see excitement in the next-generation computing space. In this newsflash, we cover: AI Capital Surge and Bubble Concerns Space-Based Data Centres Move from Concept to Testing Google Claims “Quantum Advantage” – But Critics Disagree DARPA's Quantum Benchmarking Initiative Nvidia Expands its Quantum Ecosystem Portfolio updates and what we’re seeing across global tech markets ICM HPQC News Flash - November 2025