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

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

Diraq is taking a different approach to scaling quantum computing by building its technology to work directly with the same manufacturing processes used to produce everyday computer chips. This compatibility with standard CMOS fabrication means quantum processors can be developed using existing semiconductor infrastructure, rather than requiring entirely new systems. By aligning with proven chip-making technology, Diraq aims to make quantum hardware easier to produce, more re

Q-CTRL has been named to TIME’s inaugural list of 100 Industry Leaders for 2026, recognising its role in advancing the practical application of quantum technologies. Selected among the most influential companies shaping emerging “new frontiers,” the recognition highlights Q-CTRL’s progress in delivering real-world quantum solutions across defence and enterprise, from GPS-independent navigation systems to scalable quantum computing infrastructure. Read the full announcement he

ICM HPQC Fund's Q-CTRL and IonQ are advancing the practical performance of near-term quantum systems through the integration of Fire Opal with IonQ’s Forte processors. Rather than focusing on hardware scaling alone, the collaboration targets the algorithm–hardware interface, where noise, control errors and circuit inefficiencies typically degrade results. Fire Opal operates as a hardware-aware optimisation layer, automatically refining quantum circuits and execution parameter

Diraq is pushing quantum computing beyond the lab by focusing on how it can be built and scaled in the real world. Rather than relying on specialised, experimental setups, its approach uses silicon-based qubits that can be manufactured using the same processes as conventional computer chips. This shift is important because it tackles one of the biggest challenges in quantum computing: moving from small, fragile systems to large, reliable machines. By using established semicon

ICM HPQC Fund's Q-CTRL and Equal1 are targeting a critical bottleneck in quantum computing adoption: the operational complexity of deploying and maintaining quantum systems at scale. Their collaboration integrates autonomous calibration and performance management directly into silicon-based quantum hardware, enabling systems to function with minimal human intervention. Rather than advancing qubit performance alone, the partnership focuses on system-level automation - embeddin

Join Diraq's CEO Andrew Dzurak from NVIDIA’s latest GTC 2026 session. Andrew highlights the accelerating convergence of AI infrastructure and next-generation computing architectures, with a clear focus on scaling performance to meet surging global demand. The discussion reinforces a central ICM HPQC Fund theme: that breakthroughs in compute are increasingly being driven not just by software, but by advances across the full hardware and systems stack - from chips to interconne

Q-CTRL and Anello Photonics have announced a strategic collaboration to advance resilient navigation for uncrewed aerial vehicles operating in GPS-denied environments. The partnership combines quantum sensing with advanced inertial navigation technologies to deliver highly accurate, robust positioning without reliance on GPS - a capability that is becoming increasingly critical as signal disruption and spoofing risks grow across both defence and commercial applications. Toget

Diraq's unique silicon-based architecture is scalable, economical, deployable, and powerful — and is drawing on the NVIDIA NVQLink platform. Australian quantum computing company Diraq has announced a collaboration with NVIDIA to advance hybrid quantum–classical computing architectures aimed at achieving utility-scale performance. By integrating quantum processors with high-performance GPU-based systems, the partnership seeks to enable real-time control, error correction and s

Q-CTRL, in partnership with Elevate Quantum and a consortium of leading collaborators, has announced the launch of the United States’ first open-architecture quantum computing system. Delivered in record time, the platform represents a significant step towards commercially viable, modular quantum infrastructure—designed to accelerate real-world deployment and interoperability across the quantum ecosystem. Read the full announcement here .

Salience Labs and Keysight Technologies have partnered to develop the industry’s first dedicated testing environment for optical circuit switching, a key technology for next-generation AI data centre networks. The platform enables validation and optimisation of all-optical switching systems, helping operators improve performance, reduce latency and lower power consumption. By providing advanced measurement and analysis capabilities, the collaboration aims to accelerate the de

Salience Labs has unveiled a 32-port all-optical silicon photonic switch designed to address critical networking bottlenecks in AI data centres. By replacing traditional electronic switching with fully optical connectivity, the technology significantly improves latency, throughput and energy efficiency while enabling scalable, high-bandwidth communication across thousands of GPUs. As the first in a broader portfolio of optical circuit switches, the platform represents a step

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 .

Q-CTRL has unveiled the first commercially ready quantum navigation system proven in real-world conditions. The system uses quantum sensing and magnetic field mapping to deliver precise positioning without relying on GPS, providing a resilient alternative in environments where signals are jammed, spoofed, or unavailable. The technology will be showcased at the Singapore Airshow. Read the full announcement 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

We are pleased to see ICM HPQC Fund's portfolio companies Diraq and Q-Ctrl recognised in this latest announcement by the International Year of Quantum Science and Technology (IYQ), a United Nations-declared year, launching the Quantum 100: “Dedicated, Inspiring, and Supportive”; UNESCO 2025 International Year of Quantum Science and Technology Announces Quantum 100 to Celebrate Global Community - IYQ 2025 Congratulations to Professor Andrew Dzurak of Diraq and Michael Biercu