IonQ, Inc. acquired Operating assets of Entangled Networks Ltd. for $1 million.
January 09, 2023
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IonQ, Inc. (NYSE:IONQ) acquired Operating assets of Entangled Networks Ltd. for $1 million on December 30, 2022. As part of the transaction, the Entangled Networks team will join IonQ to launch IonQ Canada, strengthening IonQ's already growing international presence. The acquisition of Entangled Networks further realizes IonQ's goal of developing quantum systems capable of supporting the quantum networks of the future.
IonQ, Inc. (NYSE:IONQ) completed the acquisition of Operating assets of Entangled Networks Ltd. on December 30, 2022.
IonQ, Inc. is engaged in quantum computing that delivers high-performance systems capable of solving commercial and research use cases. The Company's quantum computer, IonQ Forte, boasts 36 algorithmic qubits. It sells specialized quantum computing hardware together with related maintenance and support. The Company has developed custom hardware, custom firmware, and an operating system to orchestrate the quantum computers. The Company also sells access to several quantum computers of various qubit capacities and is in the process of researching and developing technologies for quantum computers with increasing computational capabilities. The Company makes access to its quantum computers available via three cloud platforms, Amazon Web Services (AWS) Amazon Braket, Microsoft's Azure Quantum and Google's Cloud Marketplace, and also to select customers via its own cloud service. This cloud-based approach enables the availability of quantum-computing-as-a-service (QCaaS).
IONQ, INC. 
