Quantum computing company Q-CTRL raises $290 million in funding, valuation surpasses $1 billion.

on November 13, quantum technology company Q-CTRL announced it has completed a $290 million financing round, led by Salesforce Ventures, with participation from existing investors In-Q-Tel and Lockheed Martin Ventures, as well as new investors Affinity Partners, AMD Ventures, and the UAE defense group EDGE Group. Following the funding round, the company's valuation exceeded $1 billion.

Q-CTRL primarily develops quantum computing control software and quantum sensing technologies, working to reduce computational errors and improve the stability of quantum systems to drive the commercialization of quantum technologies.

The company's technology is expected to be applied in sectors such as healthcare, finance, and energy in the future. This financing round also attracted participation from numerous institutions across the technology, defense, and strategic investment sectors.