December 2, 2023
IonQ Acquires Entangled Networks Assets

COLLEGE PARK, Md. and TORONTO, January 10, 2023 — IonQ introduced right now that it has acquired the working belongings of Entangled Networks Ltd. (“Entangled Networks”), a Toronto-based firm targeted on enabling computing on a number of distributed quantum processors. As a part of the transaction, the Entangled Networks staff will be part of IonQ to launch IonQ Canada, strengthening IonQ’s already rising worldwide presence. Mixed NetworksIt marks the primary institutional acquisition of IonQ, beforehand funded by traders like OurCrowd, and demonstrates continued market and {industry} management.

Classical supercomputers are made by putting as many cores as potential on a single processor after which placing these processors/computer systems collectively. Purposes are break up throughout a number of cores and processors to distribute the workload, and networking is used to speak between varied processors.

For quantum computing to scale considerably, they need to comply with an identical sample. Future quantum computer systems will must be constructed from a number of processors and networked collectively. However not like the classical community, quantum computer systems permit entanglement between nuclei to create a single, very giant quantum pc. Quantum computer systems use the community for computing, not communication.

The acquisition of Entangled Networks additional fulfills IonQ’s aim of creating quantum techniques able to supporting future quantum networks. IonQ’s personal quantum community {hardware} is at the moment below growth, and IonQ expects to reveal an early model of a quantum community between two quantum computer systems in 2023.

“We imagine IonQ is a transparent market chief in each business and system efficiency, so our staff could be very excited to affix forces,” mentioned Aharon Brodutch, co-founder and CEO of Entangled Networks. “We’re able to work on strengthening IonQ’s quantum computing options to carry much more highly effective functions to our prospects.”

“The partnership with Entangled Networks furthers our aim of creating IonQ the world’s finest performing quantum computing firm,” mentioned Peter Chapman, President and CEO of IonQ. “In buying Entangled Networks belongings, IonQ will profit not solely from a number of the finest specialists in quantum structure, but in addition from the software program instruments we plan to make use of to ship vital velocity will increase in our system efficiency. We’re additionally excited for the opening of IonQ Canada. This enlargement is a growth in Canada. It should assist us higher help the quantum computing neighborhood and additional our collaborations with IonQ companions and prospects.”

After a 12 months during which the quantum {industry} skilled large progress, technological advances and overseas funding, IonQ has positioned itself as a frontrunner in offering highly effective and commercially obtainable quantum techniques. Moreover, IonQ’s sturdy financials have helped us obtain our aim of reaching industry-first quantum analysis, {hardware} and software program achievements by attracting a number of the brightest minds from all over the world.

About IonQ

IonQ, Inc. is a frontrunner in quantum computing with a confirmed monitor report of innovation and deployment. IonQ’s present era quantum pc, IonQ Forte, is the newest in a line of state-of-the-art techniques, together with IonQ Aria, an industry-leading system with 25 algorithmic qubits. Moreover recording efficiency, IonQ has recognized what it believes is the most effective path to scaling.

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