Q-CTRL, which raised $290 million, expands quantum navigation supply
Original headline2억9000만달러 조달한 Q-CTRL, 양자 항법 공급 확대한다
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Q-CTRL raised $290 million in a Series C round led by Salesforce Ventures, bringing its valuation above $1 billion after the round was expanded twice on investor demand. The Sydney-based company develops error-reduction software for quantum devices and a quantum navigation system that determines position without GPS. New investors included Affinity Partners, AMD Ventures, EDGE Group and Australia's National Reconstruction Fund Corporation, alongside existing backers In-Q-Tel, Lockheed Martin Ventures and Bullhound Capital. The raise matters because Q-CTRL's navigation business is already generating revenue, giving it a commercial foothold beyond experimental quantum computing. What to watch next is how quickly the company scales its GPS-free navigation supply and converts its new unicorn status into defense and government contracts.
Muhabbit's AI wrote this summary in its own words from TokenPost's report and translated it from Korean. It can get details wrong, so check the source.
Named in this story
Q-CTRL, Salesforce Ventures, AMD Ventures, Affinity Partners, EDGE Group, Lockheed Martin Ventures, In-Q-Tel