Quantum Brilliance reports 'tens of millions' in revenue, wins German cyber contract
The Canberra-based startup develops laptop-sized quantum computers, and is expected to receive $15 million for its contract with Germany's top cyber agency.
Canberra-based Quantum Brilliance says it has generated “tens of millions” of dollars in revenue, as it announces it has won a contract to develop a mobile quantum computer for the German government by 2027.
The startup has announced it is one of three companies awarded a $58 million (€35 million) tender to develop quantum computers for Germany’s top cybersecurity agency. The funding is split “roughly evenly” among the three.
"We will likely be the first quantum computing company in Australia to export quantum computers globally," said co-founder Marcus Doherty. The 2027 commitment is in addition to “one unit we’ll be exporting to Europe this year and three units to Oak Ridge National Labs in the US, which will occur early next year," he added.
Quantum Brilliance is expected to receive around $15 million from the German government, which will finance much of the device’s manufacturing. Research and development will be funded by revenue and capital raised.
