Q-CTRL founder and CEO Professor Michael J. Biercuk in the Sydney Nanoscience Hub at the University of Sydney Nano Institute.
Original Published Date: 
Wednesday, September 18, 2019

Full article issued by The University of Sydney.

A quantum technology company started by Professor Michael J. Biercuk, a researcher working at The University of Sydney's node of the ARC Centre of Excellence for Engineered Quantum Systems (EQUS), has announced a $US15 million ($22 million) venture capital fundraising round—which catapults it into the top-10 of global quantum start-ups.

The company, Q-CTRL, is now a global partner for the emerging quantum tech industry, and this success is underpinned by more than a decade of investment in long-term, fundamental science. The company specialises in building new solutions and infrastructure software to make quantum technology useful for applications ranging from advanced computing to mining and aerospace.

Q-CTRL is a particularly tangible economic outcome from the fundamental research that the ARC supports through schemes such as ARC Centre's of Excellence. Q-CTRL has significant economic impact by raising millions of dollars from a global syndicate of investors, after only 18 months in existence. 

Photo credit: 

Q-CTRL founder and CEO Professor Michael J. Biercuk in the Sydney Nanoscience Hub at the University of Sydney Nano Institute. Credit: Q-CTRL.