Q-CTRL Secures US$290 Million Series C Funding Led by Salesforce Ventures

Insider Brief

• Q-CTRL raised US$290 million in a Series C round led by Salesforce Ventures, achieving unicorn status and funding further expansion of its quantum software business.
• The company develops AI-powered software for quantum computing and sensing, including its Ironstone Opal navigation system designed to operate without GPS.
• Q-CTRL plans to expand globally, strengthen its software capabilities and scale customer programs across finance, energy, autonomy and aerospace.
• Image: (From left) Robert Love, Chief Technology Officer; Michael Hush, Chief Scientist; and Michael Biercuk, founder and Chief Executive Officer, all of Q-CTRL.

PRESS RELEASE — Q-CTRL, the global leader in quantum infrastructure software, today announced a landmark Series C private fundraise of US$290 million (A$415 million), led by Salesforce Ventures. The round is headlined by significant participation from Bullhound Capital and Affinity Partners, and a global syndicate of new and existing investors.

The oversubscribed round mints the newest quantum-sector unicorn and places Q-CTRL among the best-capitalized quantum firms in private markets. The company’s Series C saw two expansions to meet investor demand and represents the largest quantum-sector fundraise for a software-focused business.