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Q-CTRL raises USD 59 million in Series B funding to expand R&D and product engineering operations
Quantum Computing
Oct 8, 2024
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Quantum Computing

Quantum Computing

Oct 8, 2024

Q-CTRL raises USD 59 million in Series B funding to expand R&D and product engineering operations

Funding

  • Quantum infrastructure software provider Q-CTRL has raised USD 59 million in a Series B extension round led by GP Bullhound, with participation from Lockheed Martin Ventures, NTT Finance, Salus Group, Alpha Edison, and TISI. This brings the total funds raised in the Series B funding to USD 113 million.

  • The new funds are planned to be used to expand Q-CTRL's quantum control R&D and product engineering operations.

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