SYDNEY, Oct. 15, 2021 – Q-CTRL, a startup that applies the principles of control engineering to accelerate the development of quantum technology, today announced it was named to The Australian Financial Review (AFR) BOSS Most Innovative Companies list for its efforts to improve quantum computer stability and deliver useful performance to end users with its AI-based quantum firmware solutions.
The AFR BOSS Most Innovative Companies List recognizes the top innovative and disruptive companies in Australia and New Zealand through industry-specific lists. The prestigious annual list, published by AFR and Boss Magazine, is based on a rigorous assessment process managed by Australia’s leading innovation consultancy, Inventium, in conjunction with a panel of industry expert judges. Q-CTRL ranked third in the technology category, from over 700 nominated organisations across Australia and New Zealand.
Quantum computers offer revolutionary capabilities for applications ranging from drug discovery and enterprise logistics to finance. The underlying hardware, however, is extremely unstable and fragile, preventing these machines from reaching their full potential. Q-CTRL was honored for developing - and experimentally validating on real quantum computers - an AI-based solution to this challenge, bringing useful quantum computers closer to fruition.
“Our mission is to turn quantum computers into systems that deliver real and transformative economic value to end users,” said Q-CTRL Founder and CEO Professor Michael J. Biercuk. “And now we have in hand a globally unique capability that can deliver on this potential.”
Q-CTRL’s innovative AI-driven product for quantum hardware acceleration, called Boulder Opal, is now in use in national laboratories, research universities, and quantum computing companies around the world. The company is also offering customized solutions to enterprise users seeking competitive advantages from quantum computing.
“When we power up our computers today, we know they're going to work. Few of us understand exactly how the hardware functions - it just delivers the performance we want without our conscious intervention,” Biercuk added. “That's the ultimate goal for the quantum computing user experience as well, and we have made a major step towards realizing it with our technology.”
“Being named to the Australian Financial Review’s BOSS Most Innovative Companies list really shows that our efforts to make quantum computing a reality are resonating in both the research and broader enterprise markets. We’re excited to expand our commercial partnerships and help quantum computing end-users take advantage of the extraordinary capabilities we’ve developed.”
“Inventium is proud to announce the 2021 Most Innovative Companies list in conjunction with AFR,” said Dr Amantha Imber, founder, Inventium. “After the enormous impact 18 months (and counting) of a global pandemic has had on the way we live, it's so inspiring to see all the amazing innovations our winners have created to help make our lives better."
In assessing candidates for the award, the judges looked at how valuable the problem is that the innovation is solving, the quality and uniqueness of the solution, and the level of impact that the innovation has had.
To learn more about Q-CTRL and its award-winning tools to accelerate the path to useful quantum computing, visit q-ctrl.com.
Q-CTRL builds quantum control solutions for quantum technology end-users and R&D professionals across all applications. Its focus on developing the most advanced tools and techniques in quantum control provides a unique capability underpinning both quantum computing and quantum sensing. Q-CTRL recently announced a partnership with Transport for NSW delivering advanced infrastructure software to transport data scientists exploring quantum computing.
Q-CTRL has assembled the world’s foremost team of expert quantum-control engineers, providing solutions to many of the most advanced quantum computing and sensing teams globally. Q-CTRL is funded by SquarePeg Capital, Sierra Ventures, Sequoia Capital China, Data Collective, Horizons Ventures, Main Sequence Ventures and In-Q-Tel. Q-CTRL has international headquarters in Sydney, Los Angeles, and Berlin.