Q-CTRL Raises $290 Million in Round Led by Salesforce Ventures

Q-CTRL announced Nov. 12 that it had completed a $290 million financing led by Salesforce Ventures, adding new backers to its quantum sensing and computing business.

Affinity Partners, AMD Ventures and EDGE Group joined as new investors. Affinity Partners is Jared Kushner’s investment firm.

Returning investors In-Q-Tel and Lockheed Martin Ventures also participated. In-Q-Tel is an independent, not-for-profit strategic investment firm established by the CIA.

Q-CTRL develops software for quantum sensing and computing. Its software is designed to improve quantum computer stability and reduce computing errors. Potential applications include health care, finance and energy.