Q-CTRL

Q-CTRL

Develops quantum infrastructure software solutions

About Q-CTRL

Simplify's Rating
Why Q-CTRL is rated
A-
Rated B on Competitive Edge
Rated A on Growth Potential
Rated A on Rating Differentiation

Industries

Consulting

AI & Machine Learning

Defense

Company Size

51-200

Company Stage

Series B

Total Funding

$128M

Headquarters

Sydney, Australia

Founded

2017

Overview

Q-CTRL develops software solutions for the quantum technology industry, focusing on quantum infrastructure software that enhances the performance of quantum computers. Their technology helps in optimizing quantum hardware and is also used to create advanced quantum sensors for defense and intelligence applications. Q-CTRL stands out from competitors by having strong partnerships with major organizations like IBM Quantum and the Australian Department of Defence, which integrate their software into existing systems. The company's goal is to accelerate the development of practical quantum computing and sensing technologies, making them accessible for various industries including finance, pharmaceuticals, and logistics.

Simplify Jobs

Simplify's Take

What believers are saying

  • Q-CTRL secured $113 million in Series B funding, the largest for a quantum software firm.
  • The company expanded its U.S. presence with a new office in San Francisco.
  • Q-CTRL's CEO received the 2024 NSW Pearcey Entrepreneur of the Year Award.

What critics are saying

  • Increased competition could dilute Q-CTRL's market share in quantum computing.
  • Rapid technological advancements may render current solutions obsolete, requiring constant innovation.
  • Geopolitical tensions could impact international collaborations in the quantum sector.

What makes Q-CTRL unique

  • Q-CTRL leads in quantum infrastructure software, partnering with IBM and Transport for NSW.
  • The company develops unique software-defined quantum sensors for defense and intelligence.
  • Q-CTRL's team includes top quantum-control engineers, serving global quantum technology leaders.

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Funding

Total Funding

$128M

Above

Industry Average

Funded Over

2 Rounds

Series B funding is typically for startups that have proven their business model and need more funding to expand rapidly—often by entering new markets or adding more products. Investors are usually venture capital firms that specialize in later-stage investments.
Series B Funding Comparison
Above Average

Industry standards

$35M
$45M
Linktree
$59M
Q-CTRL
$65M
Substack
$100M
ClickUp

Benefits

Flexible Work Hours

Company Equity

Performance Bonus

Parental Leave

Wellness Program

Growth & Insights and Company News

Headcount

6 month growth

2%

1 year growth

3%

2 year growth

8%
Uttkrist
Mar 11th, 2025
Uttkrist Partners with Q-CTRL to Advance Quantum Education in India

Uttkrist, a leading name in organizational development and strategic partnerships in India, is pleased to announce its reseller partnership with Q-CTRL, a global leader in quantum control engineering.

The Quantum Insider
Feb 11th, 2025
Q-CTRL Expands U.S. Presence With New Office in San Francisco

PRESS RELEASE - Q-CTRL, the global leader in quantum control infrastructure software, today announced the opening of its newest office in San Francisco, further strengthening its U.S. presence and reinforcing its position as a dominant player in the global quantum industry.

iTWire
Nov 11th, 2024
Watch this Space: Quantum Technology Pioneer Michael J. Biercuk Recognised by Pearcey Foundation

COMPANY NEWS: Founder and CEO of Q-CTRL Receives 2024 NSW Pearcey Entrepreneur of the Year Award

Bloomberg
Oct 8th, 2024
Salesforce-Backed Quantum Startup Gets Lockheed Martin Funding

Salesforce Ventures-backed quantum technology startup Q-Ctrl raised $59 million from investors including Lockheed Martin Ventures, the latest sign of growing interest in quantum's possible military applications.

GP Bullhound
Oct 8th, 2024
Powering the future of quantum technology

Sydney, October 8 2024 - GP Bullhound has led a $113 million Series B funding round for Q-CTRL, the global leader in quantum infrastructure software, marking the largest aggregate Series B for a quantum software company to date.

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