Airbus Ventures leads Q-CTRL Series B funding round

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MENLO PARK, Calif .– (COMMERCIAL THREAD) – Airbus Ventures announces its investment in Q-CTRL, an Australia-based company optimizing quantum performance with its industry-leading cloud-based software suite, which today announced its $ 25 million (USD) Series B funding round. This latest cycle will support the team’s growing quantum control efforts and also create new markets for data as a service fueled by quantum sensing.

“Q-CTRL enables speed and agility at a moment of rapid acceleration for the entire quantum industry,” notes Dr Lewis Pinault, partner of Airbus Ventures, Japan and Asia Pacific. “At Airbus Ventures, we are particularly excited by the team’s expanding range of advanced applications and solutions, including lunar development, geospatial intelligence and Earth observation, all of which are further and more critical in the global effort to deal with the growing crises of the planetary system that we are currently facing. ”

This latest round of investment follows Q-CTRL’s oversubscribed A Series in July 2019 and focuses on the quantum sensing company’s significant addition to its successful Quantum Computing business unit, as well as expanding 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 fundraising is critical to achieving our mission of delivering real value to the space, defense and aircraft industries. commerce, ”said Professor Michael J. Biercuk, Founder and CEO of Q-CTRL. “The team is excited to leverage our expertise to increase sensor performance in real field environments by orders of magnitude. ”

The company is currently developing qualified quantum sensors for space through the Moon to Mars Supply Chain Capability Program and through the Seven Sisters consortium led by Fleet Space. Its portfolio of quantum sensing customers already includes significant commercial and government commitments with Advanced Navigation, the Australian Department of Defense, the Air Force Research Laboratory and the Australian Space Agency.

For more information on Q-CTRL, visit: https://q-ctrl.com.

About Airbus Ventures

Based in Silicon Valley, with offices in Toulouse and Tokyo, Airbus Ventures is a early-stage venture capital firm that independently finances and supports startups impacting the aerospace industry. Airbus Ventures has been helping aspiring innovators reach new dimensions of success since 2015.

About Q-CTRL

With international headquarters in Sydney, Los Angeles and Berlin, Q-CTRL is building the quantum technology industry by overcoming the fundamental challenge on the ground – hardware error and instability. Q-CTRL’s quantum control infrastructure software for R&D professionals and quantum computing end users delivers the world’s best performing error suppression techniques and a unique capability that accelerates the path to the first useful quantum computers. This fundamental capability also applies to a new generation of quantum sensors and enables Q-CTRL to shape and support every application of quantum technology.


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