Q-CTRL
Infrastructure software for quantum computing
- 101-200 employees
- B2B
- SaaS
- Chippendale, NSW
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Company mission
To make quantum technology useful.
Our take
Quantum computing has the potential to revolutionize industries from chemical engineering to financial services. However, the technology is not yet useable due to a number of factors such as scalability, sensitivity and expense.
In a move to help power the quantum future, Q-CTRL develops the software infrastructure needed to power real-world quantum computers. The company's technology helps to transform bare-metal quantum processors into useful computational tools, expanding their utility with improved accuracy and cost-savings.
It's an exciting prospect, and one that has seen the company achieve commercial success as well as raise substantial funding. This will mainly be invested in R&D and product engineering as the company delivers to a growing customer base that includes Fortune 500 clients and government departments.
Freddie
Company Specialist at Welcome to the Jungle
Benefits
- Paid parental leave support
- Equity
- Team activities and lunches
- Flexible working hours
- Employee Assistance Program
- Wellness budget
- Participation in community and STEM initiatives
- Personal development and training budget
Funding (last 2 of 4 rounds)
Oct 2024
$59m
SERIES B
Jan 2023
$29m
SERIES B
$128m
Total funding
This company has top investors
Leadership
Michael Biercuk
(Founder & CEO)Professor of Quantum Physics and Quantum Technology at The University of Sydney. Former President/Director of InPhase Consulting, Researcher at NIST and Technical Consultant at DARPA.