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#News(IoTStack) [ via IoTGroup ]
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IonQ Secures $55 Million in Funding to Bring Quantum Computing from t
New Investors Samsung Electronics and Mubadala Capital Lead F
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“This investment round marks a key milestone in our effort to make quantum computing commercially viable,” said Peter Chapman, CEO of IonQ.
While we are in the early innings of this industry, we believe that the groundbreaking work of the IonQ team will position the company as the leader in developing commercially viable quantum computers in the near-term and beyond.”
“We view quantum computing as an exciting opportunity to address advanced scientific applications at scale,” said Paul Glaser, head of Hewlett Packard Pathfinder.
IonQ , the leader in universal quantum computing, today announced it has secured $55 million in a funding round led by the Samsung Catalyst Fund and Mubadala Capital.
The company plans on making its quantum computers commercially available via the cloud and developing next-generation systems for programming these machines.IonQ’s trapped-ion approach offers the most promise for making reliable, scalable quantum computing a reality.
Recently, the company built the largest programmable quantum computer to date, demonstrating performance benchmarks that no other quantum computer has been able to match.“This investment round marks a key milestone in our effort to make quantum computing commercially viable,” said Peter Chapman, CEO of IonQ.
Together, we can unlock the vast potential of this technology to address new opportunities in drug discovery, artificial intelligence, breakthrough materials, and many other areas that will have a profound impact on our way of life.”“Mubadala Capital’s ventures strategy seeks transformative technologies with the promise of disrupting traditional industries,” said Alaa Halawa from Mubadala Capital.
While we are in the early innings of this industry, we believe that the groundbreaking work of the IonQ team will position the company as the leader in developing commercially viable quantum computers in the near-term and beyon
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