Q-Ctrl, a pioneer of scalable quantum control engineering solutions, today announced the completion of a $25 million (USD) Series B financing round led by Airbus Ventures. With this funding, Q-Ctrl will continue to develop its leading position on the industrial market and ensure its technology is widely available to meet the needs of customers across all industries.
“Airbus Ventures is delighted to lead Q-CTRL’s Series B financing round. The team’s impressive quantum control software suite enables speed and agility at a moment of rapid acceleration for the entire quantum industry,” “At Airbus Ventures, we’re particularly excited about Q-CTRL’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.”
Dr. Lewis Pinault, Airbus Ventures Partner based in Tokyo.
Airbus Venture is an early-stage venture capital company that independently funds startups with significant impact in the aerospace industry. It has its headquarters in Silicon Valley and offices in Tokyo and Toulouse.
Q-Ctrl will use the funds to accelerate its development of a new Data as a Service platform. The platform’s unique technology model will be powered by quantum sensing for acceleration, gravity, and magnetic field. The round also included participation from existing partners including new investor Ridgeline Partners.
With an enviable portfolio of delivered projects for Advanced Navigation, the Australian Department of Defence, the Air Force Research Lab, and the Australian Space Agency, 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.
“Quantum sensing uses the fragility of quantum hardware as an asset to enable new ways to measure underground water, monitor space weather, and navigate without a global positioning system,” “However, like quantum computing, interference from the outside world degrades system performance when quantum sensors are taken from the lab out into the field.”
Prof. Michael J. Biercuk, founder and CEO of Q-CTRL.
The funding comes as a result of major achievements announced by Q-CTRL. One of these achievements is initiating a more than 2500% increase in the performance of quantum algorithms which is executed on a real quantum computer using Q-CTRL’s technology.
“Combatting this degradation using quantum control is Q-CTRL’s specialty, and the team is now pioneering the development of ‘software-defined’ quantum sensors, leveraging our expertise to boost sensor performance in real field environments by orders of magnitude.” “Q-CTRL’s vision has always been to enable all applications of quantum technology, and this new fundraise accelerates our mission to deliver real value to the space, defense, and commercial sectors,”
Prof. Michael J. Biercuk, founder and CEO of Q-CTRL.