Sequoia invests in Q-Ctrl

prototype-michael-biercuk-1000University of Sydney quantum computing spin out Q-Ctrl closed a seed funding round with a major investment from Sequoia China.

Previous investments by Horizons Ventures (Hong Kong), DCVC (USA) and Main Sequence Ventures (Australia) put Q-Ctrl capital between $1 and $10million now.

Founder Prof Michael Biercuk, who appeared at the Warren Centre’s 2016 innovation panel on quantum computing alongside researchers at IBM and UNSW, called the result “an enormous vote of confidence”.

Main Sequence Ventures partner Phil Morle said, “An investment in Q-CTRL from these globally renowned VCs is further evidence of the exciting quantum computing industry emerging from Australia.”

Read more: AFR / CIO

Image: Michael Biercuk / University of Sydney

This story is taken from the 13 July 2018 edition of The Warren Centre’s Prototype newsletter. Sign up for the Prototype here.