Quantum computing firm IonQ to acquire UK-based Oxford Ionics for $1 billion

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IonQ will acquire British quantum computing startup Oxford Ionics for $1.075 billion, the Maryland-based quantum computing firm said on Monday.

Oxford Ionics’ founders Chris Ballance and Tom Harty will remain with IonQ after the acquisition is completed, the company said.

In May, IonQ acquired Boston-based startup Lightsynq, which specializes in photonic interconnects and quantum memory.

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Quantum computing firm IonQ to acquire UK-based Oxford Ionics for $1 billion


IonQ will acquire British quantum computing startup Oxford Ionics for $1.075 billion, the Maryland-based quantum computing firm said on Monday.

Oxford Ionics’ founders Chris Ballance and Tom Harty will remain with IonQ after the acquisition is completed, the company said.

In May, IonQ acquired Boston-based startup Lightsynq, which specializes in photonic interconnects and quantum memory.

Discover the stories of your interest

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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