Q-CTRL raises $290m Series C for quantum software and navigation
Salesforce Ventures led the financing to expand AI-powered quantum infrastructure and GPS-independent navigation.
Q-CTRL announced a $290 million Series C on November 12, led by Salesforce Ventures, with significant participation from Bullhound Capital and Affinity Partners. The total includes two expansions of the Series C. New backers include AMD Ventures, EDGE Group, MPower Partners Fund II and Australia’s National Reconstruction Fund Corporation.
The funding will support global growth in AI-powered quantum infrastructure software and quantum navigation. Q-CTRL’s software improves quantum computing performance and helps sensitive sensors operate in real-world conditions; its Ironstone Opal navigation system works when GPS is unavailable.
Use of funds
Scale AI-driven quantum infrastructure software
Expand global deployment of quantum navigation