Q-CTRL has successfully expanded its Series B funding round to USD $113 million, led by GP Bullhound, marking a record fundraising achievement in the quantum technology sector.

Information on the Target

Q-CTRL is recognized as a global leader in quantum infrastructure software, providing essential technology solutions that accelerate the adoption and application of quantum computing. Founded in Sydney, Australia, the company has distinguished itself through innovative advancements that enhance the reliability and performance of quantum systems. The recent funding increase has bolstered Q-CTRL's capabilities, enabling it to refine its technology further and expand its market reach.

The latest financing round marks a significant milestone for Q-CTRL, allowing it to scale its operations and further invest in research and development. With a combined total of USD $113 million raised in Series B funding, the company is poised to advance its quantum software offerings and capitalize on the growing demand for quantum technologies.

Industry Overview in Australia

The quantum technology sector in Australia has seen remarkable growth over recent years, fueled by increased investment from both public and private entities. The Australian government has recognized the potential of quant