The Labor government’s investment in quantum computing start-ups has continued with the announcement of $15 million for Canberra-based QuintessenceLabs, which is working on using quantum principles against hackers and cyberattacks.
The money comes from the government’s National Reconstruction Fund, making it the lead investor in a $20 million funding round that the company said would help it expand its manufacturing facilities and grow internationally.
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Paul Smith edits the technology coverage and has been a leading writer on the sector for 20 years. He covers big tech, business use of tech, the fast-growing Australian tech industry and start-ups, telecommunications and national innovation policy. Connect with Paul on Twitter. Email Paul at psmith@afr.com
