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As hardware makers continue to work on ways of making wide-scale quantum computing a reality, a startup out of Australia that is building software to help reduce noise and errors on quantum computing machines has raised a round of funding to fuel its U.S. expansion.
Q-CTRL is designing firmware for computers and other machines (such as quantum sensors) that perform quantum calculations to identify the potential for errors, making them more resistant and able to stay working for longer (the Q in its name is a reference to qubits, the basic building block of quantum computing). The startup is today announcing that it has raised $15 million, money that it plans to use to double its team (currently numbering 25) and set up shop on the West Coast, specifically Los Angeles.
A - List - Backers - Startup - Success
This Series A is coming from a list of backers that speaks to the startup’s success to date in courting quantum hardware companies as customers. Led by Square Peg Capital — a prolific Australian VC that has backed homegrown startups like Bugcrowd and Canva, but also those further afield such as Stripe — it also includes new investor Sierra Ventures as well as Sequoia Capital, Main Sequence Ventures, and Horizons Ventures.
Q-CTRL’s customers are some of the bigger names in quantum computing and IT such as Rigetti, Bleximo and Accenture, among others. IBM — which earlier this year unveiled its first commercial quantum computer — singled it out last year for its work in advancing quantum technology.
Problem - Q-CTRL - Quantum - Leap - Lab
The problem that Q-CTRL is aiming to address is basic but arguably critical to solving if quantum computing ever hopes to make the leap out of the lab and into wider use in the real world.
Quantum computers and other machines like quantum sensors, which are built on quantum physics architecture, are able to perform computations that...
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