Funding Details
- Awarder
- SemiNews
- Date Award
- July 25, 2023
- Vertical
- Quantum Technology
- Funding URL
- View Funding Page
Company Info
- Founding Year
- 2017
- Traction
- Despite economic headwinds, Q-CTRL showcased remarkable growth and commercial traction, entering 2023 with over $15M in bookings and closing the first half of 2023 cash-flow positive. The company has grown to over 100 staff and has announced new offices in the UK and Berlin with 40% annual growth in staff.
- Revenue Amount
-
$15,000,000
- Organizations Involved
- Morpheus Ventures, IBM, Xerox PARC, Capgemini, Transport for NSW
- Founders
- Michael J. Biercuk
- Company Description
- Advanced, intuitive and scalable quantum control engineering solutions. We make quantum technology useful for enterprise, government, and research by uniquely addressing the problem of hardware error and instability, entirely through software.
- Market
- Various industries including cybersecurity, space technology, finance, materials and industrial chemistry, transport and logistics, defense and aerospace, biotechnology and pharmaceuticals
- Location
-
Multiple,
Multiple,
US
- Coinvestors
- Morpheus Ventures
Links