Q-Ctrl Completes $290 Million Financing Round Led by Salesforce Ventures

Quantum computing company Q-Ctrl has completed a $290 million financing round, led by Salesforce Ventures. Existing investors, including the CIA's venture capital arm In-Q-Tel and Lockheed Martin Ventures, participated alongside new investors such as Jared Kushner's Affinity Partners, AMD Ventures, and the UAE's defense group Edge Group. The company is valued at over $1 billion and primarily develops quantum sensing and quantum computing software aimed at enhancing the stability of quantum computers and reducing computational errors, with future applications expected in healthcare, finance, and energy sectors.

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