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Investment

Quantum computing start-up IonQ raises $55 million

by Rick Mullin
November 2, 2019 | APPEARED IN VOLUME 97, ISSUE 43

09743-buscon13-hudek.jpg
Credit: IonQ
IonQ senior physicist Kai Hudek

IonQ, a quantum computer start-up based in College Park, Maryland, has closed a $55 million funding round. Led by Samsung Catalyst Fund and Mubadala Capital, the round brings IonQ’s total funding to $77 million. IonQ is applying the trapped-ion approach to developing practical applications of the superfast computing technique. Firms including Google, IBM, and Microsoft are also vying to build quantum computers that operate millions of times as fast as current high-volume computing systems.

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