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Q-CTRL

Business/Productivity Software · Chippendale, Australia · Founded 2017 · Privately Held (backing)

Developer of artificial intelligence-powered quantum infrastructure software designed to address hardware errors and instability, accelerating progress toward practical quantum computing. Q-CTRL is based in Chippendale, Australia and was founded in 2017. Its last known valuation is $254 million. It has raised $129 million across 1 recorded round; the latest was an $114 million Series B in Oct 2024.

Last price · $/share
—
Implied valuation
$253.7M
Total raised
$128.8M
Last round
Later Stage VC (Series B)
Oct 2024

Q-CTRL key facts

  • Developer of artificial intelligence-powered quantum infrastructure software designed to address hardware errors and instability, accelerating progress toward practical quantum computing.
  • Q-CTRL’s last known valuation is $253.7M.
  • It has raised $128.8M across 1 recorded rounds; the latest was Later Stage VC (Series B) ($114.0M) in Oct 2024.
  • Notable investors include Alumni Ventures, Sequoia Capital, Hongshan Capital Group, Salesforce Ventures, In-Q-Tel — 30 tracked in total.
  • Status: Privately Held (backing).

Q-CTRL leadership

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Q-CTRL funding rounds

1 rounds
Oct 2024Later Stage VC (Series B)$114.0M▮
Full funding history →

Q-CTRL valuation

Q-CTRL's last known valuation is $254 million. The figure stands until a priced round, a secondary trade or an institutional fund mark prices the stock again.

How much has Q-CTRL raised?

Q-CTRL has raised $129 million across 1 recorded round since 2024. The largest was an $114 million Series B in Oct 2024.

Q-CTRL investors

30 investors are on record for Q-CTRL, including Alumni Ventures, Sequoia Capital, Hongshan Capital Group and Salesforce Ventures. By type, the record holds 15 venture capital firms and 2 asset managers. The Series B in Oct 2024 drew 27 investors.

Who runs Q-CTRL

12 people are listed on the Q-CTRL team: 7 executives and 5 board members, including Alex Shih (Vice President) and Aravind Ratnam (Chief Strategy Officer). 12 of them have a verified direct contact on file.

Comparable companies

Comparable business/productivity software names by valuation on PrivateMarketView: Albert (Oakland) ($270 million), Guidde ($253 million) and WeaveGrid ($235 million).

About Q-CTRL

Developer of artificial intelligence-powered quantum infrastructure software designed to address hardware errors and instability, accelerating progress toward practical quantum computing. The company offers advanced software-defined quantum control and sensing capabilities, enabling defense and intelligence organizations to develop highly precise and reliable quantum sensors for next-generation applications.

Industry
Business/Productivity Software
Sector
Information Technology
HQ
Chippendale, Australia
Founded
2017
Employees
170
Ownership
Privately Held (backing)

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Valuation on record
$253.7M

Q-CTRL’s last known valuation. A PrivateMarketView mark is published once fund marks, secondary prints or a priced round let us confirm it.