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Labor bets $15m on using quantum technology to fight cyberattacks

Summary by Australian Financial Review
The government’s National Reconstruction Fund is the lead investor in a funding round for Canberra-based QuintessenceLabs, which is also backed by Westpac.

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Australian Financial ReviewAustralian Financial Review
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Labor bets $15m on using quantum technology to fight cyberattacks

The government’s National Reconstruction Fund is the lead investor in a funding round for Canberra-based QuintessenceLabs, which is also backed by Westpac.

·Sydney, Australia
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ScienceDirectScienceDirect

The Prospect of Quantum Technologies in Space for Defence and Security

Quantum technologies will have enormous applications in space, especially in sensing and communication. Particularly, many current and future space as…

·Amsterdam, Netherlands
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InnovationAusInnovationAus

Quantum outfit QuintessenceLabs lands $15m NRF boost

The National Reconstruction Fund Corporation has ploughed $15 million of fresh capital into Canberra-based quantum outfit QuintessenceLabs as the dominant lead investor in a $20 million round. QuintessenceLabs founder and chief executive Vikram Sharma said the funding would accelerate development of its commercial product roadmap, and to build business development capability in its major potential export markets. The investment is the NRF’s seco…

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Australian Financial Review broke the news in Sydney, Australia on Monday, March 31, 2025.
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