Quantum Market Cap

Q-CTRL

Quantum SoftwarePRIVATE — NO IPO ANNOUNCED

Pre-IPO quantum computing company profile · Founded 2017 · Sydney, Australia

Company Facts

Founded2017
HeadquartersSydney, Australia
TechnologyQuantum Software quantum computing
Employees~150
Total raised~$113M

IPO Status

No IPO announced

ExpectedNot announced

Q-CTRL shares are not available on public exchanges. See below for listed alternatives with similar technology.

What Q-CTRL Does

Q-CTRL is the world's leading quantum infrastructure-software company, founded in Sydney by Professor Michael Biercuk. Its error-suppression firmware ("Fire Opal") measurably boosts the performance of existing quantum hardware — IBM offers it natively — while its "Boulder Opal" tools serve hardware R&D teams. It has also built a commercial quantum-sensing division for GPS-denied navigation with defense customers across the US, UK and Australia.

Q-CTRL closed a $113M Series B (including extensions) through 2024 with investors including Salesforce Ventures, Airbus Ventures, DCVC and Sequoia — one of the largest raises for a quantum software pure-play.

Technology: Fire Opal error suppression (integrated with IBM Quantum); Boulder Opal hardware characterization; Ironstone Opal quantum navigation.
Roadmap: Expanding embedded error-suppression deals across hardware vendors; scaling quantum-navigation contracts with defense primes.

Q-CTRL Funding History

RoundAmountDateKey InvestorsValuation
Series B (incl. extensions)$113M2023–2024Salesforce Ventures, Airbus Ventures, DCVC, Sequoia Capital—
Series A$22M2019Sequoia Capital, Main Sequence, Horizons Ventures—

Key Milestones

2023Fire Opal integrated natively into IBM Quantum services — first third-party performance software embedded by a major hardware vendor.
2024Series B extensions bring total raised to ~$113M; quantum navigation trials with defense customers.
2025Ironstone Opal quantum-navigation field trials demonstrate GPS-denied positioning beating inertial systems.

How to Get Exposure Today

No listed pure-play matches the quantum-software-infrastructure model; Q-CTRL's software runs on hardware from IBM and the listed pure-plays.

Q-CTRL Stock FAQ

Can you buy Q-CTRL stock?

No. Q-CTRL is private and has not announced an IPO. Its software improves hardware from IBM and others — the listed hardware pure-plays are the closest public exposure.

What does Q-CTRL sell?

Error-suppression software (Fire Opal, embedded in IBM Quantum), hardware R&D tooling (Boulder Opal), and quantum sensors for GPS-denied navigation (Ironstone Opal).

How much has Q-CTRL raised?

About $113M through its Series B and extensions, from Salesforce Ventures, Airbus Ventures, DCVC, Sequoia and others.

More pre-IPO quantum companies

PsiQuantumPhotonic · No IPO announcedPasqalNeutral Atom · SPAC merger announcedQuEra ComputingNeutral Atom · No IPO announcedIQM Quantum ComputersSuperconducting · SPAC merger announcedAlice & BobSuperconducting · No IPO announcedQuandelaPhotonic · No IPO announcedOxford Quantum Circuits (OQC)Superconducting · No IPO announcedplanqcNeutral Atom · No IPO announcedMultiverse ComputingQuantum Software · No IPO announcedTerra QuantumQuantum Software · IPO exploredOrigin QuantumSuperconducting · STAR Market IPO in preparationSpinQ TechnologySuperconducting · IPO targeted within 18 monthsAtom ComputingNeutral Atom · No IPO announcedSandboxAQQuantum Security · No IPO announcedSEEQCSuperconducting · SPAC merger announcedQuantum BrillianceDiamond NV · No IPO announcedQuantum RoadmapMilestones & fault-tolerance timeline

Static profile, updated manually · Last updated 2026-07-01 · Sources: Q-CTRL newsroom ↗