Equal1, the Irish quantum computing company that was spun out from University College Dublin (UCD), has raised $60 million (€52 million) to further develop its quantum computing technology and deploy its new quantum server for data centres. Quantum computing uses the theories of quantum mechanics to solve complex problems that might stump classical computers. Quantum computing is expected to unlock up to $100 billion in value. It could also help AI computing infrastructure become more sustainable in its energy use, working as a tightly integrated accelerator. “Equal1 is already making its mark in silicon-based quantum technology and we look forward to working with Equal1 as it enters its next phase, helping to realise its vision for the advancement of quantum computing technology in Ireland.”

Source: The Irish Times January 15, 2026 17:48 UTC