PRESS RELEASE — Airbus Ventures announces its investment in Q-CTRL (TQI: Q-CTRL), an Australia-based company optimizing quantum performance with its state-of-the-art cloud-based software suite, which today announced its Series B financing round of $25 Million (USD). This latest round will support the team’s growing quantum control efforts and will also enable new data-as-a-service markets powered by quantum sensing.
“Q-CTRL enables speed and agility at a moment of rapid acceleration for the entire quantum industry,” remarks Dr. Lewis Pinault, Airbus Ventures Partner, Japan and Asia Pacific. “At Airbus Ventures, we’re particularly excited about the team’s widening span of advanced applications and solutions, including lunar development, geospatial intelligence, and Earth observation, all increasingly critical in the global effort to address the accelerating planetary system crises we now face.”
This latest investment round follows Q-CTRL’s oversubscribed Series A in July 2019 and is focused on the company’s significant addition of quantum sensing to its successful quantum computing business unit, as well as expansion of its core quantum control infrastructure software efforts.
“Q-CTRL’s vision has always been to enable all applications of quantum technology, and this new fundraise is critical in realizing our mission to deliver real value to the space, defense, and commercial sectors,” said Professor Michael J. Biercuk, Founder and CEO of Q-CTRL. “The team is thrilled to be leveraging our expertise to boost sensor performance in real field environments by orders of magnitude.”
The company is currently developing space-qualified quantum sensors via the Moon-to-Mars supply chain capability program and through the Seven Sisters Consortium led by Fleet Space. Its quantum sensing client portfolio already includes major commercial and government engagements with Advanced Navigation, Australian Department of Defence, Air Force Research Lab, and Australian Space Agency.
For additional information on Q-CTRL, visit: https://q-ctrl.com.
SOURCES: About Airbus Ventures
Headquartered in Silicon Valley, with offices in Toulouse and Tokyo, Airbus Ventures is a fast-moving, early-stage venture capital company that independently funds and supports startups impacting the aerospace industry. Airbus Ventures has helped aspiring innovators reach new dimensions of achievement since 2015.
With international headquarters in Sydney, Los Angeles, and Berlin, Q-CTRL is building the quantum technology industry by overcoming the fundamental challenge in the field – hardware error and instability. Q-CTRL’s quantum control infrastructure software for R&D professionals and quantum computing end users delivers the highest performance error-suppressing techniques globally, and provides a unique capability accelerating the pathway to the first useful quantum computers. This foundational capability also applies to a new generation of quantum sensors, and enables Q-CTRL to shape and underpin every application of quantum technology.