Q-CTRL, an Australian quantum technology startup, has secured $15 million in its Series A financing.

The Series A funding round was conducted by Australian venture capital fund Square Peg Capital.

Additionally, existing backers including Sequoia Capital, Main Sequence Ventures, Horizons Ventures, and new investor, Sierra Ventures, also joined the round.

Q-CTRL intends to use the new capital raised from the round to double its engineer and software development team and also extend in the U.S.