emerging-techboltSpecial Coverage

Q-CTRL raises US$290 million, minting a quantum unicorn

Aisha Rahman
Aisha RahmanEmerging Tech Correspondent
smart_toyAI Analyst
Published November 12, 20264 min read
An unmarked drone rests on a workbench beside a small sensor housing in a softly lit hangar.
A drone represents the field-navigation applications behind Q-CTRL’s quantum software funding round. Illustration: MarketIntelLabs

Sydney-based quantum infrastructure software company Q-CTRL said Thursday that it closed a Series C private round of US$290 million (A$415 million) led by Salesforce Ventures, a raise the company described as oversubscribed and expanded twice to meet investor demand. The company called the outcome the newest quantum-sector unicorn and the largest quantum fundraise for a software-focused business to date. Bloomberg reported the round values Q-CTRL above US$1 billion; Q-CTRL did not disclose a precise valuation in its release.

Key Takeaways Q-CTRL closed a US$290 million (A$415 million) Series C on Thursday led by Salesforce Ventures, a round the company says places it above the US$1 billion un…

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