Q-CTRL Raises US$290 million to Scale AI-Driven Software and Quantum Navigation Deployment
Q-CTRL has secured US$290 million (A$415 million) in Series C funding led by Salesforce Ventures, with significant participation from Bullhound Capital and Affinity Partners. The raise will scale its AI-driven software and expand global deployment of quantum navigation systems.
- Raised
- US$290 million
- Round
- Series C
- Investors
- 17
- Investors
- Salesforce VenturesBullhound CapitalAffinity PartnersAMD VenturesEDGE GroupMPower PartnersAustralia’s National Reconstruction Fund CorporationSPARX Asset ManagementAlpha EdisonAlumni VenturesDCVCIn-Q-TelLockheed Martin VenturesMain SequenceRidgelineSalus VenturesSquare Peg
- Target market
- Quantum computing and sensing, commercial aviation, and autonomous vehicles
- Use of funds
- Scaling AI-driven software and expanding global deployment of quantum navigation systems
Get started
Create a free account to read the full story.
Quick Answers
What is the latest news about Q-CTRL?
Q-CTRL has secured US$290 million (A$415 million) in Series C funding led by Salesforce Ventures, with significant participation from Bullhound Capital and Affinity Partners. The raise will scale its AI-driven software and expand global deployment of quantum navigation systems.
What does Q-CTRL do?
Founded in 2017 by Professor Michael J. Biercuk, Q-CTRL develops hardware-agnostic, AI-powered infrastructure software for quantum technology, serving markets including computing, sensing, and health.
How much did Q-CTRL raise?
Q-CTRL raised US$290 million in its Series C.
Who invested in Q-CTRL?
Investors named in this Series C include Salesforce Ventures, Bullhound Capital, Affinity Partners, AMD Ventures, EDGE Group, MPower Partners, Australia’s National Reconstruction Fund Corporation and SPARX Asset Management and 9 others.
How will Q-CTRL use the funding?
Q-CTRL plans to use the money for scaling AI-driven software and expanding global deployment of quantum navigation systems.
Where is Q-CTRL based?
Q-CTRL is based in Australia.
Who are the key people at Q-CTRL?
Key people named in this report: Michael J. Biercuk (CEO and Founder) and Robert Love (CTO).