What did the National Reconstruction Fund Corporation announce regarding Silicon Quantum Computing?

The federal government’s $15 billion National Reconstruction Fund Corporation (NRFC) has tripled its investment in Silicon Quantum Computing (SQC) by committing an extra $40 million.

How is the $40 million capital injection for Silicon Quantum Computing structured?

The extra $40 million builds on an initial $20 million that the NRFC committed to Silicon Quantum Computing in March via a Simple Agreement for Future Equity note.

What is Silicon Quantum Computing's historical funding relationship with the Australian government?

The Australian federal government has a long-term investment relationship with Silicon Quantum Computing, first becoming a shareholder nearly a decade ago. The Commonwealth initially backed the venture with a $25 million seed investment during its founding round in 2017.

How does Silicon Quantum Computing plan to use the new $40 million cash injection?

Led by founder Professor Michelle Simmons AC, Silicon Quantum Computing will deploy the $40 million to rapidly accelerate the development of its proprietary technology. Specifically, the capital is earmarked to advance the firm's world-first, atomic-scale manufacturing capabilities.

What global commercial advantage does Silicon Quantum Computing claim to hold?

According to the NRFC, Silicon Quantum Computing is currently the only player globally capable of manufacturing quantum chips with absolute atomic precision. This unique hardware capability allows the company to simultaneously deliver commercial, quantum-enhanced AI products to enterprise and government clients today.

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Silicon Quantum Computing secures extra $40M NRF boost

Written by Liezl GambePublished Jun 11, 2026, 2:28 AM

The federal government’s National Reconstruction Fund Corporation has tripled its stake in Silicon Quantum Computing by injecting an extra $40 million into the company.

The capital injection represents the $15 billion sovereign fund’s very first follow-on investment in a portfolio company.

The extra funding builds on an initial $20 million committed to SQC in March via a SAFE note, forming part of an ongoing capital raise for the University of New South Wales quantum research spinout.

It also marks a deepening of Commonwealth backing for the venture; the federal government originally became a shareholder nearly a decade ago with a $25 million seed investment in 2017.

Led by founder Professor Michelle Simmons AC, SQC plans to deploy the capital to rapidly advance its proprietary, world-first atomic-scale manufacturing capabilities.

The Sydney-based firm is currently navigating Stage B of the US Defence Advanced Research Projects Agency’s rigorous Quantum Benchmarking Initiative, putting it in prime position to contest an additional US$300 million in American military funding.

The NRFC strongly endorsed the company's global edge, noting that SQC remains the only player globally capable of manufacturing quantum chips with absolute atomic precision while simultaneously delivering commercial, quantum-enhanced AI products to enterprise and government clients.

Silicon Quantum Computing secures extra $40M NRF boost

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Silicon Quantum Computing secures extra $40M NRF boost

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