IonQ (NYSE: IONQ), a leader in quantum computing and networking, has completed the acquisition of Qubitekk, a prominent quantum networking company. IonQ had previously announced it would be acquiring Qubitekk in an all-cash deal for $22 million in November of last year. The deal brings Qubitekk’s advanced technology, team, and patent portfolio into IonQ’s operations, bolstering its position in quantum networking and accelerating the development of quantum internet infrastructure. This acquisition will add to the previous networking technology IonQ received when it acquired the assets of Canadian startup Entangled Networks in January 2023.
Quantum networks, which enable secure communication and distributed quantum computing, are expected to drive transformative applications in defense, finance, and energy. Qubitekk’s expertise includes the development of the EPB Quantum Network in Chattanooga, Tennessee—the first commercially available quantum network in the U.S.
Jordan Shapiro, IonQ’s Head of Corporate Development, emphasized the strategic importance of the acquisition, stating that it aligns with IonQ’s vision of scalable quantum systems. The integration of Qubitekk’s 118 patents expands IonQ’s intellectual property portfolio to over 600 U.S. and international patents, enhancing its capabilities in quantum networking hardware and security.
The acquisition follows IonQ’s recent milestones, including a $54.5 million contract with the U.S. Air Force Research Lab and advancements in remote ion-ion entanglement. These efforts position IonQ to link multiple quantum computers using photonic interconnects, paving the way for more powerful quantum clusters.
For additional details, visit IonQ’s press release here.
January 6, 2025
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