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

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

ICM HPQC Fund (“ICM HPQC”) continues to see excitement in the next-generation computing space. Their latest newsflash covers: Growing...

ICM’s recent opinion piece by Kate Prebble comments on how quantum progress demands careful capital and time, not inflated price tags. ...

ICM HPQC Fund (“ICM HPQC”) continues to see excitement in the next-generation computing space. In this newsflash, we cover: An overview...

At the ICM HPQC Fund we seek out early-stage investments in technologies that can radically improve the way compute can be generated and...

UNSW spinout company Diraq has won the Technology Platform category at the prestigious NSW iAwards. The company, which was founded in...

ICM HPQC Fund (“ICM HPQC”) continues to see excitement in the next-generation computing space, with Big Tech pouring massive capital into...

Diraq has partnered with new venture Iceberg Quantum to extract early value from its quantum computers. Diraq has a clear line of sight...

Computing has come a long way, yet there remains a myriad of problems that traditional computers cannot solve, and making them faster...

Sydney, Australia (23 July 2025) — Diraq has been awarded AU$500,000 in funding to explore how quantum computers can enhance the...

Q-CTRL has announced the appointment of two senior leaders to its board of directors: Nicole Conner, Partner at Airbus Ventures, and Per...