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        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.
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        The new funds are planned to be used to expand Q-CTRL's quantum control R&amp;D and product engineering operations. 
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  <p>
    <a href="https://thequantuminsider.com/2024/10/08/q-ctrl-sets-global-quantum-technology-fundraising-record-increasing-series-b-to-usd-113m-led-by-gp-bullhound/">
      <b>The Quantum Insider</b>
    </a>
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  <p>
    <a href="https://venturebeat.com/ai/q-ctrl-raises-59m-for-quantum-computing-software/">
      <b>VentureBeat</b>
    </a>
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Quantum Computing

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<p>Q-CTRL, a provider of quantum infrastructure software, has raised USD 59 million in a Series B extension round. The round was led by GP Bullhound and included participation from Lockheed Martin Ventures, NTT Finance, Salus Group, Alpha Edison, and TISI. This raises the total funds received in the Series B funding round to USD 113 million.</p>
<p>The company plans to use the new funds to expand its quantum control research & development and product engineering operations.</p>

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

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<p>The Australian quantum software startup Q-CTRL has collaborated with four leading quantum computing platforms to incorporate its Fire Opal performance management software. As a result of this integration, Q-CTRL's Fire Opal will be naturally available on IBM Quantum services, Rigetti Quantum Cloud Services, Oxford Quantum Circuits Cloud QCaaS devices, and Diraq's silicon quantum processors.</p>
<p>The aim of this collaboration is to enhance quantum computing performance. This will be achieved by reducing errors and making hardware operation simpler, which could potentially facilitate the execution of more intricate quantum algorithms and applications.</p>

</div> <p><b>Analyst QuickTake:<br>
</b> The partnerships, built on long-term relationships and demonstrations of Fire Opal's capabilities, have shown significant improvements in quantum computing performance. For example, Mitsubishi Chemical Corporation reported a 5x increase in achievable circuit width for Quantum Phase Estimation studies using Fire Opal on IBM Quantum systems. Additionally, in <a href="https:<br>
//sp-edge.com/updates/30164"> June 2024 </a> , Q-CTRL demonstrated a significant 4x increase in the capacity of IBM's utility-scale quantum computers to solve optimization problems accurately.</p>

Q-CTRL partners with IBM, Rigetti, Oxford Quantum Circuits, and Diraq for quantum software integration

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 <p>Q-CTRL, a quantum software firm, has successfully achieved a fourfold increase in capability to accurately solve optimization issues. This achievement suggests that IBM's large-scale quantum computers may outperform other quantum computing techniques such as annealers and trapped ion machines.</p>
 <p>The performance enhancement was achieved by solving the error related problems common in gate-based quantum computers. Q-CTRL's method combines software that oversees performance on IBM's quantum computers and real-time problem solving on the hardware. This technique not only improved performance, but also proved to be cost-effective. It reduced the number of attempts needed to discover accurate solutions, eliminating the need for hardware modifications.</p>
 
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Q-CTRL demontrates 4x enhanced quantum optimization using IBM system

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 <p>Q-CTRL, a quantum software company, has joined hands with tech solutions company Keysight Technologies in a partnership aiming to expedite the development, characterization, and scientific demonstration of quantum processors. The financial details and other terms of the agreement remain confidential.</p>
 <p>The collaboration aims to integrate Q-CTRL's Boulder Opal hardware optimization system with Keysight's Quantum Control System. This integration will enable quantum developers to effectively control the quantity and quality of quantum processors, minimizing calibration time and expanding the possibilities in quantum science and engineering.&nbsp;</p>
 
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Q-CTRL and Keysight Technologies partner to accelerate quantum processor development

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<p>Q-CTRL, a quantum software firm, has received a funding of GBP 1 million or approximately USD 1.26 million from Quantum Catalyst Fund Competition by the Small Business Research Initiative (SBRI). This competition was overseen by the Department for Science, Innovation and Technology (DSIT) and Innovate UK.</p>

<p>The funds will be utilized in the development of new algorithmic solvers optimized for quantum hardware. These will be developed using Q-CTRL’s unique performance management software and provided to the Department for Transport and Network Rail to improve train schedule optimization.</p>

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Q-CTRL secures SBRI grant worth GBP 1 million to develop quantum algorithm

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 <p>Quantum software firm Q-CTRL and the United States Geological Survey (USGS) are partnering to explore quantum computing and sensing technologies in geological sciences. The collaboration, formalized through a Cooperative Research and Development Agreement (CRADA), will use quantum technologies in geophysics and environmental science. This includes managing underground water resources, polar ice sheet surveillance, preparing for natural hazards, and discovering energy and mineral resources. The goal is to improve hazard detection, water resource monitoring, and lower resource production costs.</p>
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Q-CTRL and USGS collaborate to explore quantum technology applications in geological sciences

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<p>Australian quantum startup Q-CTRL has integrated its Q-CTRL Embedded software with IBM Quantum's Pay-As-You-Go Plan. This partnership aims to improve the accuracy and efficiency of quantum computing. It is the first time that IBM Quantum's Pay-As-You-Go Plan has incorporated a third-party independent software vendor's technology. The financial details of the agreement are undisclosed. Q-CTRL's software will help address noise and hardware error issues, providing a user-friendly solution for reliable results from quantum computing hardware. IBM Quantum's Pay-As-You-Go Plan users can now access Q-CTRL's advanced technology at no extra cost.</p>
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Q-CTRL integrates quantum software into IBM Quantum Services

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  <li><p>Australian quantum startup Q-CTRL has teamed up with Quad Investors Network (QUIN) to offer quantum technology training in Australia and the US.</p></li>
  <li><p>The partnership provides subsidized licenses for Q-CTRL's Black Opal quantum educational software to students in both countries. The goal is to enable non-university students to enter the quantum industry and meet the demand for skilled workers.</p></li>
  <li><p>The program will begin in 2024, focusing on Technical and Further Education (TAFE) institutions in Australia and Historically Black Colleges and Universities (HBCUs) in the US. It plans to expand to other Quad countries, including Japan, India, and Australia. The IBM-HBCU Quantum Center will facilitate access to the software for its member institutions.</p></li>
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Q-CTRL and the Quad Investors Network collaborate to provide quantum tech training

Australian quantum startups Q-CTRL and Diraq have partnered to work on three quantum projects supported by the US and Australian governments. The projects, funded by the NSW Office of the Chief Scientist and Engineer's Quantum Computing Commercialisation Fund and the US Army Research Office, will utilize Q-CTRL's software solutions and Diraq's silicon-based quantum hardware to develop advanced quantum technologies. The collaboration aims to enhance Australia's ability to develop a cloud-accessible silicon quantum processor and solve complex finance problems.

All Updates

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

Q-CTRL partners with IBM, Rigetti, Oxford Quantum Circuits, and Diraq for quantum software integration

Q-CTRL demontrates 4x enhanced quantum optimization using IBM system

Q-CTRL and Keysight Technologies partner to accelerate quantum processor development

Q-CTRL secures SBRI grant worth GBP 1 million to develop quantum algorithm

Q-CTRL and USGS collaborate to explore quantum technology applications in geological sciences

Q-CTRL integrates quantum software into IBM Quantum Services

Q-CTRL and the Quad Investors Network collaborate to provide quantum tech training

Q-CTRL and Diraq partner for three multi-million-dollar public-sector quantum projects

Q-CTRL raises USD 1.6 million in extended Series B round

Quantum Computing

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

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