Quantum computing company Q-Ctrl has completed a $290 million financing round, led by Salesforce Ventures

Quantum computing company Q-Ctrl announced the completion of a $290 million financing round, led by Salesforce Ventures, with participation from existing investors such as the CIA's venture capital arm In-Q-Tel, Lockheed Martin Ventures, as well as new investors including Jared Kushner's Affinity Partners, AMD Ventures, and the UAE defense group Edge Group.

The company's valuation exceeds $1 billion, and it primarily develops quantum sensing and quantum computing software to enhance the stability of quantum computers and reduce computational errors, with future applications expected in fields such as healthcare, finance, and energy.