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Q-CTRL Raises $290M Series C Led by Salesforce Ventures to Scale Quantum Software
Quantum Computing Report ·
At a glance
Quantum infrastructure software company Q-CTRL raised $290 million in a Series C round led by Salesforce Ventures. Investor demand was strong enough that the round was expanded twice, and the company is now valued above $1 billion.
Key points
- This is the largest private funding ever recorded for a software-focused quantum technology company.
- The company plans to use the money to grow its AI-driven control software and expand into finance, energy, defense, and aerospace.
- Its main products are Fire Opal and Boulder Opal, which reduce noise in quantum computers, and Ironstone Opal, which enables GPS-free quantum magnetic navigation.
- The company also plans to expand its business in Japan's industrial and high-performance computing markets.
Why it matters
It shows quantum technology moving out of research labs and into real industries such as aviation and defense.
Original source
Q-CTRL Raises $290 Million in Series C Funding Led by Salesforce Ventures to Scale Quantum Infrastructure Software
Quantum Computing Report · Nov 14, 01:46 KST
Read on Quantum Computing Report ↗AI summarized the original article. Check the original for accuracy. Copyright belongs to Quantum Computing Report.
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