Q-CTRL, a leading quantum technology company, has set a new global fundraising record by increasing its Series B round to USD $113 million. The funding round was led by GP Bullhound, a prominent technology investment firm. This substantial increase in funding will help Q-CTRL accelerate its development of cutting-edge quantum technology solutions.
“Q-CTRL is at the forefront of transforming quantum technology into practical applications across a range of industries,” said Michael Schneider, co-founder and CEO of Q-CTRL. “With this additional funding, we are well-positioned to drive innovation and commercialization in the quantum computing sector.”
The company’s proprietary software solutions are designed to optimize the performance of quantum computers and other quantum technologies. By leveraging advanced control techniques, Q-CTRL’s software enables more stable and reliable quantum operations, leading to improved accuracy and efficiency in quantum systems.
“We are thrilled to have GP Bullhound as our lead investor in this record-breaking fundraising round,” said Schneider. “Their expertise and network within the technology industry will be invaluable as we continue to expand our presence in the global quantum technology market.”
Q-CTRL has already partnered with leading companies and research institutions to deploy its software solutions in real-world applications. The company has a strong track record of success in optimizing quantum systems for maximum performance, making it a leader in the rapidly evolving quantum technology landscape.
With the additional funding from the Series B round, Q-CTRL is well-positioned to further advance its research and development efforts and drive innovation in the quantum technology sector. The company’s continued growth and success are a testament to its dedication to pushing the boundaries of what is possible with quantum technology.
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