BREAKTHROUGH VICTORIA BACKED QUANTUM COMPANY INFLEQTION LISTS ON NYSE
Quantum company Infleqtion has today become the first Breakthrough Victoria (BV) portfolio company to list publicly on the New York Stock Exchange. Infleqtion Inc (NYSE: INFQ) finished the trading day at $15.59 USD a share, representing a 5X value uplift on BV's initial investment.
Founded as ColdQuanta and spun out of the University of Colorado in 2007, Infleqtion designs and builds quantum computers, precision sensors and quantum software for governments, enterprises and research institutions worldwide. The company has developed its next generation optical atomic clock for Position, Navigation and Timing (PNT), known as Tiqker.
Infleqtion’s public listing reflects BV long-term strategy of investing in quantum technologies to help establish a new, globally competitive industry in Victoria. Quantum technologies are widely recognised as a foundational capability for future economic growth, national security and advanced manufacturing.
BV has made targeted investments to ensure Victoria is positioned at the forefront of this emerging sector. Alongside Infleqtion, BV has also invested in Australian quantum company Quantum Brilliance, supporting the development of room temperature, diamond-based quantum computing systems and strengthening Victoria’s role in the global quantum ecosystem. Together, these investments are designed to anchor critical capability in Victoria, accelerate commercialisation and attract international collaboration.
Building Victoria’s Quantum Ecosystem
The benefits to Victoria of an investment in Infleqtion extend far beyond financial returns. As part of BV’s investment, Infleqtion has contributed to the groundwork for a thriving quantum technology sector in the state -supporting skills development, research translation and local supply chains. BV’s targeted quantum investments are helping Australia build an industry projected to be worth $6 billion, employ nearly 20,000 people by 2045* - and secure long term advantage for Australia and Victoria.
Infleqtion operates in Australia at Melbourne Connect and CoLabs in Notting Hill, and they are expanding their Victorian footprint through strategic collaborations, talent development, and product innovation. The benefits to Victoria of an investment in Infleqtion extend far beyond financial returns.
Infleqtion is actively partnering with Swinburne University, Melbourne University, RMIT, and CSIRO to develop next-generation quantum sensing platforms. As part of the Industry Growth Program, Infleqtion is exploring flight trials and demonstrations of quantum-based PNT systems in collaboration with leading industry bodies. These efforts will help benchmark performance and unlock cross-domain applications.
Events and Thought Leadership
Infleqtion is actively contributing to Australia’s quantum dialogue including:
- Hosting monthly Quantum Networking Sessions at Melbourne Connect, with 70+ attendees in August and strong momentum heading into September.
- Participating in national and international conferences including Quantum meets Biotech, qLIFE 2025, Avalon Airshow, IndoPac25, ANZCOP, PNT2026 and the Australian Institute of Physics Summer Meeting.
Training the Quantum Workforce
Infleqtion is also a key industry partner in two awarded Australian Research Council Industrial Transformation Training Centres (ITTCs):
- Future Leaders in Quantum Computing (University of Sydney-led)
- Current and Emergent Quantum Technology (University of Adelaide-led, with RMIT as a partner)
These programs provide PhD and postdoctoral researchers with hands-on experience using commercial quantum devices like Infleqtion’s Tiqker and quantum RF systems, helping build a pipeline of industrially trained quantum talent in Victoria.
Finally, Infleqtion also supports the Next Generation Quantum Graduates Program, contributing to the development of miniaturised cold atom platforms and integrated quantum experiments.
With 87 investment commitments totalling more than $487.1 million, Breakthrough Victoria is one of Australia’s most active early-stage technology investors. A recent independent report by EY Parthenon found BV’s portfolio is on track to generate $5.3 billion in economic impact for Victoria by 2035. The report also found that 88 per cent of early-stage investment in Victoria in 2024 came from BV backed investors, and that 76 per cent of all venture stage investment in Victoria in 2024 involved Breakthrough Victoria.
Quotes attributable to Breakthrough Victoria CEO Rod Bristow
“Infleqtion’s listing on the New York Stock Exchange marks a milestone not only for the company, but for Victoria’s emerging quantum industry. As Breakthrough Victoria’s first portfolio company to go public, Infleqtion demonstrates how worldclass research, backed by strategic investment and global ambition, can be transformed into a billion-dollar enterprise. Their growth reinforces the critical role Victoria will play in shaping the future of quantum technology, talent and commercialisation.”
Quotes attributable to Infleqtion CEO Matthew Kinsella
“Today marks an important milestone in our company’s growth and evolution. Going public provides a broader platform to pursue our long-term mission in quantum technology.
“We intend to use the capital and access to public markets to accelerate our compute and product roadmaps on a global scale. We continue to support the development of sovereign quantum capabilities in Australia while competing internationally, with the goal of contributing to the next generation of advanced quantum technologies”
Quotes attributable to Minister for Economic Growth and Jobs Danny Pearson
“We’re proud to be creating highly skilled jobs and driving economic growth in Victoria.”
“This is exciting news for Victoria’s thriving quantum technology sector – accelerating our position as a global leader.
* Figures from CSIRO's The Growing Australia's Quantum Technology Industry report
** Image of Infleqtion CEO Matthew Kinsella and Infleqtion Founder and Chief Science Officer Dana Anderson at the NYSE