# Quantum Brilliance

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/quantum-brilliance-pty

- Industry: Hardware
- Headquarters: Haymarket, Australia
- Website: www.quantumbrilliance.com/
- Total disclosed funding: $47M
- Latest round: Series A (Jan 15, 2025)
- Investors on record: 20

## About

Based in Australia, Quantum Brilliance Pty Ltd develops groundbreaking quantum computing technologies, focusing on room temperature diamond quantum accelerators to enhance computational capabilities across various industries.Quantum Brilliance specializes in quantum computing, providing advanced solutions through innovative technologies. Founded in 2019, the company is headquartered in Haymarket, Australia. The founders, Andrew Horsley and Marcus Doherty, lead the team under CEO Mark Luo. The firm has completed 5 deals, with the most recent funding round occurring on January 15, 2025. In this Series A round, the company raised USD 20.00 mn with participation from investors like Alium Capital Management, In-Q-Tel, and Main Sequence Ventures. The total amount raised by the company is USD 20.00 mn.Quantum Brilliance specializes in developing innovative quantum computing technologies primarily centered around room temperature diamond quantum accelerators. Their flagship product, the Qristal, leverages nitrogen-vacancy (NV) centers in diamonds, which are known for their exceptional coherence times. This technology enables quantum computing operations in environments where traditional quantum systems, which often require extreme cooling, cannot function effectively. The main applications of their products include enhancing computational capabilities for industries ranging from pharmaceuticals to financial services, which seek to solve complex optimization problems and accelerate data processing. The company’s products are marketed globally, with notable customer bases in North America, Europe, and Asia, particularly in sectors focused on artificial intelligence, machine learning, and advanced data analytics.Quantum Brilliance generates revenue through a business-to-business (B2B) model, primarily engaging with enterprises in sectors like research, technology, and finance. Their revenue structure includes direct sales of quantum computing systems and potential service contracts for ongoing support and integration. Clients typically enter into agreements that encompass both the purchase of hardware and software solutions, along with subscription-based access to technical support and software updates. By providing comprehensive service packages, Quantum Brilliance ensures that users can maximize the utility of their products in real-world applications. Specific pricing plans for their offerings have not been publicly disclosed, as the company tailors its services to meet the unique needs of each client, fostering long-term partnerships that aim to drive innovation and efficiency in quantum computing.In January 2025, Quantum Brilliance Pty Ltd raised USD 20.00 mn in a Series A funding round, co-led by Intervalley Ventures and In-Q-Tel, with participation from Main Sequence Ventures and other investors. The company plans to utilize this funding to support the Research Hub for Diamond Quantum Materials, aiming to launch upcoming products designed to enhance their existing quantum technologies. Additionally, Quantum Brilliance is targeting expansion into new markets, focusing on regions including Asia and Europe by 2026.

## Funding rounds

- Series A, Jan 15, 2025, $20M — In-Q-Tel, Investible, Alium Capital Management, InterValley Ventures, Main Sequence Ventures, Jelix Ventures, Breakthrough Victoria, National Reconstruction Fund Corporation
- Series A, Feb 14, 2023, $18M — CM Equity Partners, MA Asset Management, Rampersand, Investible, Main Sequence Ventures, Jelix Ventures, Ultratech Capital Partners, Breakthrough Victoria
- Seed, Jun 30, 2021, $8.9M — AFM Investment Partners, MA Asset Management, Kensington Trust Group, CP Ventures, Investible, Main Sequence Ventures, Jelix Ventures, Altor Capital, Ultratech Capital Partners, R3I Ventures, Fortasse Pty Ltd, Narrawallee Capital Pty Ltd, Slipline Pty Limited

## Investors

- AFM Investment Partners — Seed
- MA Asset Management — Seed, Series A
- Kensington Trust Group — Seed
- CP Ventures (https://capitalatlas.ai/funds/cp-ventures) — Seed
- Investible (https://capitalatlas.ai/funds/investible) — Seed, Series A
- Main Sequence Ventures (https://capitalatlas.ai/funds/main-sequence-ventures) — Seed, Series A
- Jelix Ventures (https://capitalatlas.ai/funds/jelix-ventures) — Seed, Series A
- Altor Capital (https://capitalatlas.ai/funds/altor-capital) — Seed
- Ultratech Capital Partners (https://capitalatlas.ai/funds/ultratech-capital-partners) — Seed, Series A
- R3I Ventures (https://capitalatlas.ai/funds/r3i-ventures) — Seed
- Fortasse Pty Ltd — Seed
- Narrawallee Capital Pty Ltd — Seed
- Slipline Pty Limited — Seed
- CM Equity Partners (https://capitalatlas.ai/funds/cm-equity-partners) — Series A
- Rampersand (https://capitalatlas.ai/funds/rampersand) — Series A
- Breakthrough Victoria — Series A
- In-Q-Tel (https://capitalatlas.ai/funds/in-q-tel) — Series A
- Alium Capital Management (https://capitalatlas.ai/funds/alium-capital-management) — Series A
- InterValley Ventures (https://capitalatlas.ai/funds/intervalley-ventures) — Series A
- National Reconstruction Fund Corporation — Series A