Ion trapped devices get a boost with IonQ new funding of Series B: Total Raised $84M

So far it has been quite a week for Ion Trapped devices. We have seen Universal Quantum on the south coast of the UK (Brighton) get their initial funding to pioneer ion trapped qubits. We have also seen the Pennylane platform from Xanadu integrate AQT’s ion trapped hardware. Now we see massive funding (16th June 2020) into IonQ.

Ion trapped devices get a boost with IonQ new funding of Series B: Total Raised $84M
IonQ raises series B investment, putting ion traps on the Quantum Computing map

IonQ, secured funding for their Series B from Lockheed Martin, Robert Bosch Venture Capital GmbH (RBVC) and Cambium. The big pledge of cash will help cement IonQ as one of the leaders in ion trap qubits. The company has already seen its services available on the amazon AWS service.

In addition to the new tranche of funding, there is a new advisory board to help steer the company. Adding the following people to its advisory board:

  • Umesh Vazirani, Roger A. Strauch Professor of Electrical Engineering and Computer Sciences and the co-director of the Berkeley Quantum Computation Center (BQIC)
  • David Wineland, Nobel Laureate and Philip H. Knight Distinguished Research Chair, University of Oregon, Department of Physics
  • Margaret (Peg) Williams, former Senior Vice President of Research and Development, Cray Inc.
  • Kenneth Brown, Associate Professor at Duke University, Department of Electrical and Computer Engineering

In summary it looks like a week for ion trap technology! More.

The Quant

The Quant

The Quant possesses over two decades of experience in start-up ventures and financial arenas, brings a unique and insightful perspective to the quantum computing sector. This extensive background combines the agility and innovation typical of start-up environments with the rigor and analytical depth required in finance. Such a blend of skills is particularly valuable in understanding and navigating the complex, rapidly evolving landscape of quantum computing and quantum technology marketplaces. The quantum technology marketplace is burgeoning, with immense growth potential. This expansion is not just limited to the technology itself but extends to a wide array of applications in different industries, including finance, healthcare, logistics, and more.

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