Quantum computing firm IonQ secures new funding

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College Park-based quantum computing company IonQ Tuesday announced it secured funding from Lockheed Martin, Robert Bosch Venture Capital GmbH (RBVC) and Cambium, a new multi-stage venture capital firm focused on investments in the future of computational paradigms.

This funding contributes to IonQ’s Series B round, bringing the company’s total amount raised to $84 million. Additionally, IonQ announced the addition of four new advisory board members – luminaries in quantum computing, information science and technology.

IonQ’s trapped-ion quantum computers have demonstrated unmatched ability, demonstrating performance benchmarks that no other quantum computer has been able to match. The company’s hardware also outperforms all other available quantum hardware. With this new investment, IonQ is well positioned to lead the hardware field into the future.

In addition, IonQ is thrilled to announce additions to its advisory team, including:

• 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

Through their work, the advisers will continue to provide direct support around IonQ’s algorithmic development and benchmarking, hardware design, and efforts on trapped-ion atomic physics.