Technology

Labor bets $15m on using quantum computers 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.

Copy link Copied Copy link Copied Subscribe to gift this article Gift 5 articles to anyone you choose each month when you subscribe. Already a subscriber? Login 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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