Salesforce-Backed Quantum Startup Gets Lockheed Martin Funding
- Startup Q-Ctrl works with Australia’s Department of Defense
- Defense contractors among companies exploring quantum tech
Michael Biercuk founded Q-Ctrl in 2017.
Source: Q-CtrlThis article is for subscribers only.
Salesforce Ventures-backed quantum technology startup Q-Ctrl raised $59 million from investors including Lockheed Martin Ventures, the latest sign of growing interest in quantum’s possible military applications.
The Sydney-based startup, which makes software designed to suppress errors that occur in quantum computing, said the funds bring its GP Bullhound-led Series B round to $113 million. The startup last year unveiled quantum sensors that can be used for navigation as global positioning systems are increasingly blocked or tampered with. Q-Ctrl also supplies error-suppressing software for the sensors, and licenses technology like lasers to make the sensors more accurate.