Q-CTRL becomes Australia's first quantum unicorn with $415m funding
Sydney-based Q-CTRL raised $415 million in Series C funding, reaching unicorn status as Australia's first quantum company.
Q-CTRL has secured $415 million in Series C funding, making it Australia's first quantum computing unicorn. The raise ranks as the country's fourth largest venture capital round on record.
The round was led by Salesforce Ventures. New investors include Affinity Partners, backed by US President Donald Trump's son-in-law Jared Kushner, and AMD Ventures, the venture arm of American chip maker AMD.
Australia's National Reconstruction Fund also committed $70 million to the round. The Sydney-based company works on quantum error correction and control software.
This technology is seen as critical to making quantum computers practical for real-world use.
- $415 million
- Funding raised
- 4th largest VC round on record
- Rank in Australia
- $70 million
- National Reconstruction Fund commitment
- Sydney
- Company location
Why it mattersAustralia's first quantum unicorn signals that the country can build world-class deep-tech companies and attract major international capital to frontier technology sectors.
AustraliaThe milestone shows Australia's startup ecosystem can now compete globally in cutting-edge fields and demonstrates government backing for quantum technology as a national priority.
✓ Claims checked against the source and corrected before publish. checked 2 d ago
