IonQ Raises $55M in Funding

ionqIonQ, a College Park, MD-based quantum computing company, raised $55m in funding.

The round was led by Samsung Catalyst and Mubadala, with participation from ACME Capital, Airbus Ventures, Hewlett Packard Pathfinder, Tao Capital Partners, Correlation Ventures and A&E Investment LLC, as well as previous investors Osage University Partners (OUP), New Enterprise Associates (NEA), GV and Amazon.

The company intends to use the funds to continue to commercialize its quantum computing platform via the cloud and developing next-generation systems for programming these machines.

Co-founded by Jungsang Kim and Chris Monroe, and led by COO Stewart Allen, and CEO Peter Chapman IonQ has developed a quantum computing system, which can used for generating a quantum computer simulation of the water molecule, accelerating drug development to treat and cure diseases, reducing the technology industry’s carbon footprint through more efficient logistics, advancing the design of improved materials for batteries, wind turbines, transmission lines, and other sustainable technologies to enable clean energy generation, transmission, and storage.



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