Powering the future of quantum technology

Launched in November 2017 by renowned quantum physicist Professor Michael J. Biercuk, Q-CTRL has been at the forefront of the quantum revolution, focusing on developing quantum infrastructure software that enhances the stability and reliability of quantum computers and sensors. With this additional investment, Q-CTRL will continue to advance its mission of transforming quantum technology into a viable industrial tool, with a strong focus on R&D, product engineering, and scaling its global reach.

Per Roman, GP Bullhound Founder and Managing Partner, commented on the investment: “We are thrilled to support Q-CTRL in unlocking the full potential of quantum technology. At GP Bullhound, we believe that quantum computing and sensing will be central to the next wave of technological transformation, reshaping industries such as finance, transport and pharmaceuticals. Our investment reflects our commitment to backing visionary companies capable of bringing this revolution from the lab to real-world applications.”

“Our focused view that software can be the key enabler of quantum hardware across all applications has become a key driver of new capabilities in the field, and underpins our major commercial partnerships with leading quantum platform vendors, ” said Q-CTRL CEO and Founder Michael J. Biercuk. “This new investment, coupled with our growing portfolio of technical demonstrations, has positioned us for ubiquity and permanence in the industry. We were excited that GP Bullhound led this round. Their experience and international presence will support us as we continue our expansion, and we look forward to working closely with them as a shareholder and board member.”

With this funding, Q-CTRL will expand its investment in quantum control R&D and product engineering to deliver on a growing portfolio of customer engagements among Fortune 500 clients, government departments and agencies, and quantum platform providers. The company of 130+ employees has already achieved extraordinary commercial success, indicating tremendous opportunity for value capture and growth with new investment.

Quantum technology, set to revolutionize industries like pharmaceuticals, finance, and resources, represents a $1.2T opportunity, according to McKinsey. With BCC Research projecting the global sensing market to be a nearer term opportunity, set to surpass $300 billion by 2029. Quantum sensing is poised to capture a significant market share from existing classical technologies due to its enhanced performance and ability to enable critical new missions for defense. Q-CTRL uniquely spans both quantum computing and quantum sensing through its focus on how quantum control infrastructure software can enable useful field-deployed quantum solutions.

With expertise in both quantum computing and sensing, Q-CTRL is uniquely positioned to capitalize on this opportunity. Its work with the Australian Department of Defense and the UK Navy has solidified its role as a leader in quantum-assured navigation. Q-CTRL’s Fire Opal software, adopted by the Australian Army, optimized convoy routes, outperforming existing models by 12x and improving time-to-solution by 6x. Collaborations with research institutions like Northwestern and Chalmers have also opened new frontiers in dark matter exploration and quantum computing.

GP Bullhound invested through Fund VI, which also includes late-stage ventures such as LeoLabs, EcoVadis, CoverManager, Mentimeter, and Sesame HR. By strategically investing in the AI-led software revolution, GP Bullhound focuses on the sustained growth of software by backing category leaders in the later stages of venture. The investment was made with the support of the LFF 2 initiative, a collaboration between the Société Nationale de Crédit et d’Investissement (SNCI) and the European Investment Fund (EIF), aimed at diversifying the Luxembourg economy by enhancing financing for innovative companies. The invested capital also included

For inquiries, please contact: 
Per Roman, Managing Partner, at Per.roman@gpbullhound.com
Dr. Callum Stewart, at Callum.stewart@gpbullhound.com
Press inquiries: press@gpbullhound.com  

About Q-CTRL 
Q-CTRL is a key player in the global quantum technology industry as a category-defining business for quantum infrastructure software. Leading quantum computing hardware providers integrate its performance-management software with their superconducting and silicon-based platforms to deliver unprecedented capabilities to end users. The company’s global leadership in quantum sensing for defense and dual-use was featured in The New York Times. Q-CTRL also developed Black Opal, an award-winning edtech program that enables users to quickly learn quantum computing. Founded by Michael J. Biercuk in November 2017, Q-CTRL has assembled the world’s foremost team of expert quantum-control engineers, providing solutions to global quantum technology leaders including Fortune 500 companies, startups, national research labs, and academic institutions. The company has international headquarters in Sydney, Los Angeles, Berlin, and Oxford.

About GP Bullhound 
GP Bullhound is a leading technology advisory and investment firm, providing transaction advice and capital to the world’s best entrepreneurs and founders. Founded in 1999 in London and Menlo Park, the firm today has 12 offices spanning Europe and the US. For more information, please visit www.gpbullhound.com.