A College Park-based startup working to bring the world’s most powerful quantum computer to market has secured $55 million in Series C venture funding.
IonQ Inc.’s newest round was led by the Samsung Catalyst Fund, a venture arm of Samsung Electronics, and Mubadala Capital, backed by the government of the United Arab Emirates. They join IonQ’s impressive list of existing backers, which includes New Enterprise Associates, Amazon Web Services and GV, the venture arm of Google parent Alphabet Inc. Other participants in this round included ACME Capital, Airbus Ventures, Hewlett Packard Pathfinder, Tao Capital Partners, Correlation Ventures and A&E Investment LLC, as well as previous investors.
This round brings IonQ’s total amount raised to $77 million.
CEO Peter Chapman said IonQ plans to use the new funding to continuing expanding the capabilities of its quantum computing technology, as well as making the tech commercially available through the cloud. IonQ will also use some funds to…
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