Q-CTRL, a company developing quantum technologies, announced a $54 million Series B funding round led by Morpheus Ventures. The new investor hopes to accelerate Q-CTRL’s growth trajectory and leverage their collective strengths to shape the future of quantum technology.
Q-CTRL offers a lineup of AI-enhanced quantum infrastructure software products that stabilize quantum hardware. The company serves end-users, researchers and platform vendors in industries such as materials science, optimization and drug discovery. Its products work to reduce errors in algorithms by more than 1,000x.
The Series B capital will be used to foster technical innovation, expand Q-CTRL’s product portfolio and scale its operations.
