logo
logo
AI

Discover the World’s Fastest Business Insights

Get real-time alerts on funding rounds, executive hires, acquisitions, and more— plus verified contact details and AI-powered outreach to connect faster.
Sign up now to unlock exclusive data and opportunities.

Sydney-Based Quantum Sensing Startup Q-Ctrl Raises $25M Series B Led By Airbus Ventures

Sydney-Based Quantum Sensing Startup Q-Ctrl Raises $25M Series B Led By Airbus Ventures

11/30/21, 1:00 PM
Location
https://purecatamphetamine.github.io/country-flag-icons/3x2/AU.svgsydney
Money raised
$25 million
Round Type
series b
Q-CTRL, a Sydney-based startup that provides quantum control engineering solutions, announced today it has raised a $25 million Series B led by Airbus Ventures with participation from Ridgeline Partners, Main Sequence Ventures, Horizons Ventures, SquarePeg Capital, Sierra Ventures, DCVC, Sequoia Capital China and InQTel.

Company Info

Company
Q Ctrl
Location
sydney, new south wales, australia
Additional Info
To date, the company has raised more than $43 million (60 million AUD) in total capital. “Q-CTRL’s vision has always been to enable all applications of quantum technology. Q-CTRL and Quantum Machines team up to accelerate quantum computingThe company is also developing space-qualified quantum sensors and exploration technologies for Earth, the Moon and Mars with a consortium of Australian firms led by Fleet Space Technologies. Its revenue in FY2020/2021 was up 3X year on year, and the company generated over $9 million in sales and booking for its new quantum sensor business, which only commenced in late 2020, Biercuk said. Despite this, the company has grown from about 20 to 60 on its team since January 2020, Biercuk continued. He added that the company operates a large team of quantum control specialists with over 30 PhD-level researchers driving its research and product development in quantum computing and quantum sensing. The company recently launched Black Opal, an interactive and accessible online learning platform that enables anyone to learn quantum computing. Q-CTRL provides infrastructure software that improves quantum computing performance by addressing the most pressing challenge in the field – hardware error and instability, Biercuk told TechCrunch. Q-CTRL currently operates offices in Sydney and Los Angeles.
G2 High Performer Badge

Never Miss an Opportunity: Your #1 Sales Intelligence Tool

Get lightning-fast updates on funding rounds, executive hires, contract awards, and more—powered by AI-driven insights to help you connect with the right prospects first.