Q-CTRL raised $113M in its Series B funding round led by GP Bullhound to expand its quantum control R&D and product engineering.
Amount Raised
$113 Million
Round Type
Series B
ChippendaleSoftwareInvestors
Description
Q-CTRL has successfully expanded its Series B funding round to $113M, with $59M of new capital secured. This funding round attracted global strategic investors, showing the commercial potential of Q-CTRL's quantum technology.
Quick answer
Q-CTRL raised $113 Million in a Series B round, dated October 8, 2024. Investors: Ntt Finance, Salus Group, Alpha Edison, Alumni Ventures, Lockheed Martin Ventures, Dcvc, John Eales and Icm Allectus. Q-CTRL is based in Chippendale, New South Wales, Australia.
- How much did Q-CTRL raise?
- Q-CTRL raised $113 Million in a Series B round on October 8, 2024.
- Who invested in Q-CTRL?
- Ntt Finance, Salus Group, Alpha Edison, Alumni Ventures, Lockheed Martin Ventures, Dcvc, John Eales and Icm Allectus are named as investors in this round.
- What does Q-CTRL do?
- Q-CTRL makes quantum technology useful for enterprise, government, and research by uniquely addressing the problem of hardware error and instability, entirely through software.
- Where is Q-CTRL based and how big is it?
- Q-CTRL is based in Chippendale, New South Wales, Australia. Fundz records about 215 employees.
- Who are the decision-makers at Q-CTRL?
- Fundz holds 2 contacts at Q-CTRL, including the Founder & CEO. Names and contact details are shown to Fundz members.
Source: Fundz verified event record.
Who else raised in Software around the same time
Companies in the same sectors as Q-CTRL that raised within 45 days of this round, from Fundz verified event records.
Who to call at Q-CTRL, and when
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Funding Insights
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