Q-CTRL Secures $15M in Series A; Will Open Office in Los Angeles
(TechCrunch) An Australia startup 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, firmware to identify the potential for errors to make the machines more resistant and able to stay working for longer.
The startup is today announcing that it has raised $15 million and that it plans to double its team (currently numbering 25) and open an office in Los Angeles.
The Series A is coming from a list of backers led by Square Peg Capital — a prolific Australian VC and Sierra Ventures as well as Sequoia Capital, Main Sequence Ventures and Horizons Ventures.