➀ Q-CTRL, an Australian quantum infrastructure software specialist, has raised $113 million in Series B funding with $59 million in new capital. The round was led by GP Bullhound and included new investors such as Alpha Edison, Lockheed Martin Ventures, and NTT Finance. ➁ Q-CTRL's founder and CEO, Michael Biercuk, emphasizes the importance of software as a key enabler for quantum hardware across various applications. ➂ The funding will be used to expand Q-CTRL's investment in quantum control R&D and product engineering to serve a growing list of clients, including Fortune 500 companies, government departments, and quantum platform providers.
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