Li Ka-shing backed start-up Q-CTRL raises US$15m

Business | 11 Sep 2019 3:50 pm

Australia-based quantum technology start-up Q-CTRL, backed by venture capital firms including Li Ka-shing's private investment arm Horizons Ventures, announced the completion of US$15 million (HK$117 million) Series A round, to fuel its US expansion.

The start-up is building software to help reduce noise and errors on quantum computing machines.

Q-CTRL’s customers include Rigetti, Bleximo and Accenture. Q-CTRL was founded in 2017 by Michael Biercuk, a professor of Quantum Physics & Quantum Technology at the University of Sydney and a chief investigator in the Australian Research Council Centre of Excellence for Engineered Quantum Systems.

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