How Much Did Q-CTRL Raise? Funding & Key Investors

Q-CTRL has successfully raised significant funding to advance its mission of making quantum technology practical and useful. The company offers a suite of products designed to enhance quantum computing and sensing applications across various industries.

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 focus on expanding the utility of quantum computers and delivering new quantum sensing capabilities via software.

Operating in the quantum technology industry, Q-CTRL offers a suite of products under the Opal brand. These tools are designed for learning quantum computing, running quantum algorithms, building quantum computers, and navigating without GPS.

Q-CTRL's solutions cater to various industries, including defense, earth observation, and education. The company is recognized for its innovative contributions to the quantum technology sector and has received several awards and recognitions.

How Much Funding Has Q-CTRL Raised?

1. Seed Round
   • Amount Raised: Not disclosed
   • Date: October 2017
   • Lead Investors: Horizons Ventures, Main Sequence Ventures
2. Seed Round
   • Amount Raised: Not disclosed
   • Date: July 2018
   • Lead Investors: DCVC, HSG
3. Series A
   • Amount Raised: $15M
   • Date: September 2019
   • Lead Investors: Square Peg Capital
4. Venture Round
   • Amount Raised: Not disclosed
   • Date: April 2020
   • Lead Investors: IQT
5. Grant
   • Amount Raised: A$4.5M
   • Date: July 2021
   • Lead Investors: Australian Government
6. Series B
   • Amount Raised: $25M
   • Date: November 2021
   • Lead Investors: Airbus Ventures
7. Convertible Note
   • Amount Raised: Not disclosed
   • Date: November 2022
   • Lead Investors: Not disclosed
8. Series B
   • Amount Raised: $27.4M
   • Date: January 2023
   • Lead Investors: Salesforce Ventures
9. Series B
   • Amount Raised: $2M
   • Date: July 2023
   • Lead Investors: Morpheus Ventures
10. Series B
    • Amount Raised: $59M
    • Date: October 2024
    • Lead Investors: Alumni Ventures, GP Bullhound

In total, Q-CTRL has raised $128.4M in funding.

Key Investors

• Alumni Ventures
  • Details: Alumni Ventures is a venture capital firm that invests in high-growth startups. They leverage a network of alumni from top universities to identify and support promising companies.
  • Investment Focus Areas: Technology, healthcare, consumer products
  • Notable Investments: Not publicly disclosed
• GP Bullhound
  • Details: GP Bullhound is a leading technology advisory and investment firm. They provide transaction advice and capital to the world's best entrepreneurs and founders.
  • Investment Focus Areas: Technology, digital services, software
  • Notable Investments: Not publicly disclosed
• 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.
  • 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, investing in early-stage companies that are shaping the future of aerospace and related industries. They support startups with disruptive technologies.
  • Investment Focus Areas: Aerospace, defense, advanced materials
  • Notable Investments: Not publicly disclosed
• Horizons Ventures
  • Details: Horizons Ventures is a private investment arm of Li Ka-shing, focusing on disruptive and technology-driven startups. They have a track record of backing successful companies.
  • Investment Focus Areas: Technology, biotechnology, artificial intelligence
  • Notable Investments: Facebook, Spotify, Siri

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