Information on the Target

Quantum Brilliance, founded in 2019, is a pioneering venture-backed company focused on the development of diamond quantum computers and the requisite software and applications. Their cutting-edge technology aims to facilitate the mass deployment of quantum solutions, enhancing industries' capabilities in edge computing and next-generation supercomputing.

Since our initial investment in 2021 through the Investible Early Stage Fund 2, Quantum Brilliance has made tremendous progress, evolving from a start-up into a leader in the quantum computing arena. Their accomplishments have been recognized not only by investors but also through significant partnerships and a rapidly expanding workforce.

Industry Overview in Australia

Australia is emerging as a significant player in the global quantum computing landscape, boasting more than 3% of the world's quantum start-ups, which is notably higher than the global average of 1.7%. This growing ecosystem is supported by increasing investment and a wealth of academic research.

The Australian government has demonstrated commitment to advancing this high-tech sector, fostering collaborative projects between universities and private enterprises. The establishment of the Australian Quantum Alliance highlights this dedication, positioning the nation as a global leader in quantum research and application.

With universities and research institutions actively engaging in cutting-edge quantum projects, Australia is ripe for innovation. Quantum Brilliance, as a founding member of the Australian Quantum Alliance, fortifies the nation’s reputation in this sector, crucially contributing to research and development efforts.

The quantum market is expected to continue its rapid evolution, characterized by the drive towards commercialization and expanding partnerships. Quantum Brilliance's strategic initiatives aim to leverage these market trends, solidifying their footprint in a highly competitive industry.

The Rationale Behind the Deal

This follow-on investment reflects Investible's confidence in Quantum Brilliance's trajectory and its innovative technology. The company's ongoing growth and significant developments since the initial investment have reinforced our belief in its potential to revolutionize quantum computing.

The USD $18 million Pre-Series A funding will support Quantum Brilliance in expanding its international operations and enhancing the performance of its proprietary room-temperature quantum computers, thereby strengthening its position in the market.

Information About the Investor

Investible is a prominent venture capital firm that focuses on early-stage investments across diverse sectors. The firm's investment strategy hinges on backing passionate founders with transformative ideas, guiding them through the complexities of scaling their businesses.

Through the Investible Early Stage Fund 2 and the Club Investible syndicate, the firm engages established networks of investors who collaboratively support portfolio companies. This collective approach not only enhances funding capabilities but also provides valuable mentorship and strategic connections.

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The investment in Quantum Brilliance is positioned as a strategic move that aligns with future technological advancements. The company's innovative solutions in quantum computing stand to disrupt traditional computing paradigms, making this a potentially lucrative opportunity for investors.

Given Australia’s growing reputation in the quantum space, coupled with Quantum Brilliance's robust trajectory, the market foundations appear favorable for a successful return on investment. Furthermore, the planned expansion into international markets signals a preparedness for scaling operations, which is essential for long-term success.

Moreover, the caliber of talent joining Quantum Brilliance, including executives from major financial and tech firms, adds credibility and expertise to the team, potentially translating to significant advancements in product development and commercialization. This high level of expertise, combined with essential partnerships, sets the company up for future successes.

In summary, Investible's decision to strengthen its financial support for Quantum Brilliance showcases confidence in the company's mission and future relevance within the computing industry. As the company continues to innovate, it could very well carve out a significant market share in a burgeoning sector, making it not just a good investment, but an essential one for those focused on cutting-edge technology.

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