Startup profile · funding coverage
Q-CTRL funding, valuation and investors
Quantum-control software company working across computing, education and sensing.
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Funding, valuation & investors
Answer-first snapshotLatest funding
Series B-2 extension
US$59M new equity; aggregate Series B reaches US$113M · October 8, 2024
Latest known valuation
Not publicly disclosed
Total disclosed equity funding
$59M
Excludes debt, grants, acquisitions, secondaries, and IPO proceeds.
Current status
private
series b · Sydney, Australia; international operations
Investors in latest funding
Lead: GP Bullhound
Other: Alpha Edison , Lockheed Martin Ventures , NTT Finance , Salus Group , TISI , Alumni Ventures , DCVC , John Eales , ICM Allectus , Main Sequence Ventures , Morpheus Ventures , Salesforce Ventures
Overview
Q-CTRL develops software for improving the operation of quantum hardware, along with quantum education and sensing products. Its computing products include Fire Opal and its learning platform includes Black Opal. The company announced $59 million of new equity on October 8, 2024, bringing the aggregate Series B to $113 million. GP Bullhound led the Series B-2 extension.
The incremental investment is $59 million, not a separate $113 million raise. Its business spans computing and sensing, so neither total company financing nor all commercial activity should automatically be attributed to quantum computing alone. Integrations with hardware providers are product relationships, not proof that every partner is a shareholder.
Why Q-CTRL is interesting
Q-CTRL is an infrastructure-software comparison rather than a full-stack processor manufacturer, and its financing includes an extension that must not be counted twice.
Funding history (newest first)
Series B-2 extension
2024-10-08 US$59M new equity; aggregate Series B reaches US$113M- GP Bullhound (lead)
- Alpha Edison (participant)
- Lockheed Martin Ventures (participant)
- NTT Finance (participant)
- Salus Group (participant)
- TISI (participant)
- Alumni Ventures (participant)
- DCVC (participant)
- John Eales (participant)
- ICM Allectus (participant)
- Main Sequence Ventures (participant)
- Morpheus Ventures (participant)
- Salesforce Ventures (participant)
Source: Read source · q-ctrl.com
Investors in our directory
Funds linked from Q-CTRL's profile — open a fund page for stage focus and related deal articles.
Competitive landscape
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QuantrolOx adjacent
Automated tuning and calibration; overlapping infrastructure problem but not an identical product.
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Quantum Machines adjacent
Control hardware and software; do not treat every control-stack layer as interchangeable.
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Classiq adjacent
Quantum-program design and compilation rather than the same hardware-performance layer.
Industries
Market / IPO context
Editorial / static context — not a live quote.
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Editorial note: AI tools assisted with research, structure, or drafting. Venture Capital Tracker retains human editorial responsibility for factual accuracy, relevance, and source quality before publication.