Total amount raised
$133 Million
Latest funding date
2024-10-08
Location
Q-CTRL has successfully positioned itself as a leader in making quantum technology practical and useful, leveraging AI-powered infrastructure software to bridge the gap between quantum and classical worlds. The company offers a range of products, including Black Opal for education, Fire Opal for error reduction, Boulder Opal for scaling quantum computers, and Ironstone Opal for quantum navigation.
Keep reading to explore the intricacies of Q-CTRL's fundraising journey and the investors backing this innovative platform.
What Is Q-CTRL?
Q-CTRL is a company dedicated to making quantum technology practical and useful. They develop AI-powered infrastructure software to enhance the performance of quantum computing and quantum sensing. Their products include the Opal suite, Black Opal, Fire Opal, and Boulder Opal, which are designed to tackle the hardest problems in quantum technology.
Q-CTRL has achieved significant milestones, including world records in quantum computing and the first true quantum advantage in GPS-free navigation. They are recognized for their breakthroughs and leadership in the quantum technology field and have a strong focus on customer value and advanced research.
How Much Funding Has Q-CTRL Raised?
- Seed Round
- Amount Raised: Not specified
- Date: July 2018
- Lead Investors: DCVC, HSG
- Series A
- Amount Raised: USD 15,000,000
- Date: September 2019
- Lead Investors: Square Peg Capital
- Series Unknown
- Amount Raised: Not specified
- Date: April 2020
- Lead Investors: IQT
- Grant
- Amount Raised: AUD 4,500,000
- Date: July 2021
- Lead Investors: Australian Government
- Series B
- Amount Raised: USD 25,000,000
- Date: November 2021
- Lead Investors: Airbus Ventures
- Convertible Note
- Amount Raised: Not specified
- Date: November 2022
- Lead Investors: Not specified
- Series B
- Amount Raised: USD 27,400,000
- Date: January 2023
- Lead Investors: Salesforce Ventures
- Series B
- Amount Raised: USD 2,000,000
- Date: July 2023
- Lead Investors: Morpheus Ventures
- Grant
- Amount Raised: GBP 1,000,000
- Date: February 2024
- Lead Investors: Small Business Research Initiative
- Series B
- Amount Raised: USD 59,000,000
- Date: October 2024
- Lead Investors: Alumni Ventures, GP Bullhound
Q-CTRL has raised a total of USD 128,400,000 across its funding rounds.
Key Investors
- Alumni Ventures
- Details: Alumni Ventures is a venture capital firm that provides individual investors with access to venture capital opportunities. They focus on investing in high-growth startups across various sectors.
- Investment Focus Areas: Technology, Healthcare, Consumer Products
- Notable Investments: Notion, SpaceX, Robinhood
- GP Bullhound
- Details: GP Bullhound is a leading technology advisory and investment firm. They specialize in providing strategic advice and capital to high-growth technology companies.
- Investment Focus Areas: Software, Digital Media, Fintech
- Notable Investments: Slack, Spotify, Revolut
- Salesforce Ventures
- Details: Salesforce Ventures is the global investment arm of Salesforce, focusing on creating the world's largest ecosystem of enterprise cloud companies. They invest in the next generation of enterprise technology to extend Salesforce's reach.
- Investment Focus Areas: Cloud Computing, Artificial Intelligence, Enterprise Software
- Notable Investments: Zoom, DocuSign, Snowflake
- Airbus Ventures
- Details: Airbus Ventures is the venture capital arm of Airbus, dedicated to investing in early-stage companies that are shaping the future of aerospace and related industries. They support innovative startups with strategic and financial resources.
- Investment Focus Areas: Aerospace, Defense, Advanced Manufacturing
- Notable Investments: Planet Labs, Joby Aviation, Dedrone
- Square Peg Capital
- Details: Square Peg Capital is a global investment firm that partners with outstanding entrepreneurs to build market-leading technology companies. They focus on early and growth-stage investments.
- Investment Focus Areas: Technology, Healthcare, Fintech
- Notable Investments: Canva, Airwallex, Fiverr
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