Analog Quantum Circuits Raises $3 Million (AUD) From Uniseed in Latest Funding Round

Insider Brief

• Analog Quantum Circuits (AQC) has secured a $3 million (AUD) funding boost from Uniseed.
• The company, based in Brisbane, Queensland, was founded by Professor Tom Stace and Associate Professor Arkady Federov.
• The recent capital injection by Uniseed may help catalyze AQC’s mission to scale its technology.

Analog Quantum Circuits (AQC) has secured a $3 million (AUD) funding boost from Uniseed, according to Startup Daily. Founded by Professor Tom Stace and Associate Professor Arkady Federov after a decade of intensive research, AQC, Brisbane, Queensland, is considered a leader in the field by creating quantum computing components.

AQC’s technology, which focuses on the production of advanced superconducting devices essential for quantum computing, is pivotal in the march towards practical and scalable quantum computers, according to the news site. By developing microwave circulators that are a thousand times smaller than conventional models—some as small as a few tens of micrometres—AQC has achieved a significant reduction in size while maintaining performance, a critical step given the million-qubit threshold needed for complex quantum computations.

This company’s work originates from the Superconducting Quantum Devices Lab at the University of Queensland’s St Lucia campus, where AQC’s five-member team has built upon the foundational research conducted at the Australian Research Council (ARC) Centre of Excellence for Engineered Quantum Systems (EQUS).

The recent capital injection by Uniseed may help catalyze AQC’s mission to scale its technology for industry-wide applications. The startup is not only shrinking the hardware but also battling the thermal noise challenges inherent in quantum systems, according to the site. As Dr. Arkady Federov highlights, the AQC’s components are assembled in environments that are 100 times colder than outer space to combat electrical noise levels that are too high at standard temperatures.

This fundraise by Uniseed is seen as a significant vote of confidence in Queensland’s potential as a quantum computing hub, further bolstered by the Queensland government’s pledge to invest $76 million in quantum and advanced technologies over the next four years. This aligns with the federal government’s National Quantum Strategy, positioning AQC and Queensland at the cutting edge of the global quantum race.