University of Maryland and Duke University-founded quantum computer developer IonQ has added $55m from investors including Osage University Partners and several corporates.
IonQ, a UK-based quantum computing technology developer exploiting University of Maryland and Duke University research, procured $55m in funding yesterday from a consortium that included spinout-focused investment firm Osage University Partners (OUP).
Consumer electronics producer Samsung and Abu Dhabi’s sovereign wealth fund Mubadala Investment co-led the round through the Catalyst Fund and Mubadala Capital, respectively.
Hewlett Packard Pathfinder, a subsidiary of computing company Hewlett Packard Enterprise, and e-commerce and cloud computing group Amazon also participated, as did GV and Airbus Ventures, respective corporate venturing subsidiaries of internet and technology conglomerate Alphabet and aerospace firm Airbus.
The round was filled out by Acme Capital, Tao Capital Partners, Correlation Ventures and A&E Investment and New Enterprise Associates (NEA).
Founded in 2015, IonQ is developing a general-purpose quantum computer using trapped ion technology – where sole ions are cooled and isolated by lasers – as the basis for quantum information…
