Interest in quantum computing has skyrocketed in recent months following recent announcements from major technology players like Microsoft and Alphabet.
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IonQ
is buying United Kingdom-based quantum computing startup Oxford Ionics in a deal valued at nearly $1.1 billion.
Shares gained about 4%.
The companies said in a release that the deal will combine IonQ’s quantum computing hardware and software knowledge with Oxford Ionics’ semiconductor chip technologies. The company aims to deliver breakthroughs in the field and capitalize on growing revenue opportunities.
IonQ announced an agreement Monday to buy Oxford Ionics for $1.075 Billion.
Acquisition of Oxford Ionics for $1.1bn shows advances in processing are kick-starting dealmaking
IQM said it would use the fresh cash to ramp up investments in technology and commercial growth.
IonQ is one of the larger examples of pure-play quantum firms; it and competitors including Rigetti and D-Wave have seen their…
The transaction will see the company hit a $1.8 billion valuation.
IQM, a Finnish quantum computing company, is now a unicorn after raising over $300 million in a Series B round funding led by Ten…
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