VentureBeat October 8, 2024
Q-CTRL has raised $59 million in additional funding for its latest round for building quantum computing infrastructure software.
Sydney, Australia-based Q-CTRL has now raised $113 million in funding in its Series B funding round, and it has raised a total of $133 million to date.
The Series B-2 all-equity funding round was led by global late-stage venture firm GP Bullhound and saw a dramatic increase in valuation from earlier financing.
“We’re very excited that GP Bullhound has led this round,” said Q-CTRL CEO Michael Biercuk, in a statement. “Their experience and international presence will support us as we continue our expansion, and we look forward to working closely with them as a shareholder and board member.”
The investor syndicate includes...
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