About Q-Ctrl
Q-Ctrl is a company based in Pyrmont (Australia) founded in 2017 by Michael Biercuk.. Q-Ctrl has raised $153.7 million across 10 funding rounds from investors including Lockheed Martin, Gov.uk and GP Bullhound. Q-Ctrl offers products and services including Black Opal, Fire Opal, Boulder Opal, and Ironstone Opal.
- Headquarter Pyrmont, Australia
- Founders Michael Biercuk
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Sectors
Technology
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Phone
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Website
*********
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Social
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$153.7 M (USD)
in 10 rounds
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Latest Funding Round
$86.3 M (USD), Series B
Oct 01, 2024
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Investors
Lockheed Martin
& 24 more
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Employee Count
Employee Count
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Products & Services of Q-Ctrl
Q-Ctrl offers a comprehensive portfolio of products and services, including Black Opal, Fire Opal, Boulder Opal, and Ironstone Opal. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Interactive tool for learning quantum computing concepts.
Software for reducing errors in quantum algorithms.
Toolkit for designing and automating quantum controls.
System for reliable quantum navigation and detection.
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Funding Insights of Q-Ctrl
Q-Ctrl has successfully raised a total of $153.7M across 10 strategic funding rounds. The most recent funding activity was a Series B round of $86.3 million completed in October 2024. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 10
- Last Round Series B — $86.3M
- First Round First Round
- Investors Count 25
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Oct, 2024 | Amount | Series B - Q-Ctrl | Valuation | GP Bullhound | |
| Feb, 2024 | Amount | Grant - Q-Ctrl | Valuation |
investors |
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| Jan, 2023 | Amount | Series B - Q-Ctrl | Valuation | Salesforce Ventures , Alumni Ventures |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Q-Ctrl
Q-Ctrl has secured backing from 25 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include Lockheed Martin, Gov.uk and GP Bullhound. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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M&A and strategic advisory firm
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Founded Year | Domain | Location | |
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Series A and growth-stage investments are made by Alpha Edison.
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Founded Year | Domain | Location | |
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Seed-stage technology companies are targeted for venture capital investments.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Q-Ctrl
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Q-Ctrl
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Q-Ctrl Comparisons
Competitors of Q-Ctrl
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Q-Ctrl
Frequently Asked Questions about Q-Ctrl
When was Q-Ctrl founded?
Q-Ctrl was founded in 2017.
Where is Q-Ctrl located?
Q-Ctrl is headquartered in Pyrmont, Australia. It is registered at Pyrmont, New South Wales, Australia.
Who is the current CEO of Q-Ctrl?
Michael Biercuk is the current CEO of Q-Ctrl. They have also founded this company.
Is Q-Ctrl a funded company?
Q-Ctrl is a funded company, having raised a total of $153.7M across 10 funding rounds to date. The company's 1st funding round was a Series B of $27.4M, raised on Oct 01, 2017.
What does Q-Ctrl do?
Q-Ctrl was founded in 2017 in Pyrmont, Australia, focusing on quantum control technology. Cloud-based firmware is provided to mitigate qubit decoherence through engineering-inspired transfer functions and closed-loop stabilization techniques. Error budgeting is enabled alongside advanced protocols for sensor feature reconstruction and quantum clock stabilization. Operations center on hardware error mitigation within the quantum computing sector.
What products or services does Q-Ctrl offer?
Q-Ctrl offers Black Opal, Fire Opal, Boulder Opal, and Ironstone Opal.
Who are Q-Ctrl's investors?
Q-Ctrl has 25 investors. Key investors include Lockheed Martin, Gov.uk, GP Bullhound, ICM Partners, and Government of Australia.