Quantum computing company Q-Ctrl completes $290 million funding round, led by Salesforce Ventures

Odaily reports: Quantum computing company Q-Ctrl has announced the completion of a $290 million funding round led by Salesforce Ventures, with participation from existing investors including In-Q-Tel (the CIA's venture capital arm) and Lockheed Martin Ventures, as well as new investors Affinity Partners (led by Jared Kushner), AMD Ventures, and UAE defense group Edge Group. The company's valuation exceeds $1 billion. Q-Ctrl primarily develops quantum sensing and quantum computing software to enhance the stability of quantum computers and reduce computational errors, with future applications expected in healthcare, finance, and energy sectors. (Bloomberg)