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